宝城期货橡胶早报-20250908

Report Summary 1. Report Industry Investment Rating No information provided in the report. 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly in the short - term, with an intraday view of being oscillating and strong, and a medium - term view of oscillation [1][5][7]. 3. Summary by Related Content Shanghai Rubber (RU) - Price and Performance: On the night of last Friday, the domestic Shanghai rubber futures 2601 contract showed an oscillating and strong trend, with the futures price slightly rising 0.65% to 16,225 yuan/ton. It is expected to maintain an oscillating and strong trend on Monday [5]. - Core Logic: Benefiting from the easing of Sino - US economic and trade relations, the increasing expectation of the Fed's interest rate cut, the macro factors have improved. Although the Southeast Asian production areas are in the peak rubber - tapping season, the actual supply output has decreased slightly year - on - year, and the supply pressure is lower than expected. The domestic auto market's production and sales are better than expected, the tire industry is still booming, the export growth rate has rebounded, and the external sales are optimistic, which provides demand - side support [5]. Synthetic Rubber (BR) - Price and Performance: Driven by the slight strengthening of Shanghai rubber futures on the night of last Friday, the synthetic rubber futures 2511 contract maintained an oscillating and stable trend, with the futures price slightly rising 0.08% to 11,950 yuan/ton. It is expected to maintain an oscillating and strong trend on Monday [7]. - Core Logic: With the increasing expectation of the Fed's interest rate cut, the macro sentiment has improved. The downstream tire industry is still highly prosperous, the external sales of tires are good, and the domestic terminal auto market has strong production and sales, better than expected [7].