宝城期货橡胶早报-20250918

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run weakly, with short - term and medium - term trends being oscillatory and the intraday trend being oscillatory and weak [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Short - term, Medium - term, and Intraday Views: Short - term and medium - term views are oscillatory, and the intraday view is oscillatory and weak. The reference view is to run weakly [1][5]. - Core Logic: On Wednesday night (Beijing time), the Fed cut interest rates by 25 basis points as expected. However, the dot - plot shows two more rate cuts in Q4 2025 and only one in 2026, slower than the market's current pricing of three cuts. With the fulfillment of previous bullish expectations and the rubber market in a state of increasing supply, the 2601 contract of domestic Shanghai rubber futures showed an oscillatory and weak trend on Wednesday night, with the futures price closing down 1.57% to 15,650 yuan/ton. It is expected to maintain an oscillatory and weak trend on Thursday [5]. Synthetic Rubber (BR) - Short - term, Medium - term, and Intraday Views: Short - term and medium - term views are oscillatory, and the intraday view is oscillatory and weak. The reference view is to run weakly [1][7]. - Core Logic: On Wednesday night (Beijing time), the Fed cut interest rates by 25 basis points as expected. After the fulfillment of previous bullish expectations, the 2511 contract of domestic synthetic rubber futures maintained an oscillatory and weak trend on Wednesday night, with the futures price closing down 1.64% to 11,430 yuan/ton. It is expected to maintain an oscillatory and weak trend on Thursday [7].