宝城期货橡胶早报-20250904

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report [1][5][7] 2. Core View of the Report - Both Shanghai rubber futures 2601 contract and synthetic rubber futures 2511 contract are expected to maintain a weak and volatile trend on Thursday, September 4, 2025 [1][5][7] 3. Summary by Related Catalogs 3.1. Overall Situation of Different Futures in Short - term, Medium - term and Intraday - Shanghai Rubber (RU) 2601: Short - term and medium - term are both in a volatile state, and intraday is volatile and weak, with a reference view of weak operation [1] - Synthetic Rubber (BR) 2511: Short - term and medium - term are both in a volatile state, and intraday is volatile and weak, with a reference view of weak operation [1] 3.2. Price and Market Movement of Shanghai Rubber (RU) - On Wednesday night, the 2601 contract of Shanghai rubber futures showed a weak and volatile trend, with the futures price slightly down 0.91% to 15,790 yuan/ton. Benefiting from the easing of Sino - US economic and trade relations, the rising expectation of the Fed's interest rate cut, the improvement of macro factors, the actual supply output in Southeast Asian producing areas decreased slightly year - on - year, and the demand was supported by the better - than - expected performance of the domestic auto market and tire exports. However, due to the collective weakness of domestic energy and chemical commodities on Wednesday night, it is expected to maintain a weak and volatile trend on Thursday [5] 3.3. Price and Market Movement of Synthetic Rubber (BR) - On Wednesday night, the 2511 contract of domestic synthetic rubber futures maintained a weak and volatile trend, with the futures price slightly down 1.43% to 11,720 yuan/ton. The domestic synthetic rubber futures market is currently dominated by supply - demand fundamentals. Although the industrial factors are weak, the macro sentiment has improved with the rising expectation of the Fed's interest rate cut. Due to the collective weakness of domestic energy and chemical commodities on Wednesday night, it is expected to maintain a weak and volatile trend on Thursday [7]