宝城期货橡胶早报-20250919

Report Summary 1. Report Industry Investment Rating No information provided. 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][6]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - View: Short - term: oscillatory; Medium - term: oscillatory; Intraday: oscillatory and weak; Overall: weakly running [1][5]. - Core Logic: The Fed cut interest rates by 25 basis points as expected. The dot - plot shows that there will be two more rate cuts in Q4 2025 and only one in 2026, slower than the market's current pricing. With the fulfillment of previous bullish expectations and the rubber market in a state of increasing supply, the RU 2601 contract showed an oscillatory and weak trend on Thursday night, with the price slightly down 0.99% to 15475 yuan/ton. It is expected to maintain an oscillatory and weak trend on Friday [5]. Synthetic Rubber (BR) - View: Short - term: oscillatory; Medium - term: oscillatory; Intraday: oscillatory and weak; Overall: weakly running [1][6]. - Core Logic: The Fed cut interest rates by 25 basis points as expected. The dot - plot shows that there will be two more rate cuts in Q4 2025 and only one in 2026, slower than the market's current pricing. After the previous bullish expectations were fulfilled, the BR 2511 contract maintained an oscillatory and weak trend on Thursday night, with the price slightly down 0.26% to 11425 yuan/ton. It is expected to maintain an oscillatory and weak trend on Friday [6].