宝城期货橡胶早报-20250926

Report Summary 1. Report Industry Investment Rating - No industry investment rating information is provided in the report. 2. Core Viewpoints - Both Shanghai rubber futures 2601 and synthetic rubber futures 2511 are expected to run weakly. The short - term and medium - term trends are both volatile, while the intraday trends are volatile and weak [1][5][6]. 3. Summary by Related Catalogs 3.1 Shanghai Rubber (RU) - Price and Trend: On Thursday night, the domestic Shanghai rubber futures 2601 contract showed a weak downward trend, with the futures price closing slightly lower by 1.76% to 15,355 yuan/ton. It is expected to maintain a weak trend on Friday [5]. - Core Logic: The Fed cut interest rates by 25 basis points as expected, but the dot - plot shows a slower - than - expected future interest - rate cut schedule. Also, due to the approaching National Day holiday, the operating rate of the domestic tire industry is gradually weakening, leading to weak demand in the rubber market [5]. 3.2 Synthetic Rubber (BR) - Price and Trend: On Thursday night, the domestic synthetic rubber futures 2511 contract maintained a weak downward trend, with the futures price closing sharply lower by 2.42% to 11,275 yuan/ton. It is expected to maintain a volatile and weak trend on Friday [6]. - Core Logic: Similar to Shanghai rubber, the Fed's interest - rate cut situation and the weakening operating rate of the domestic tire industry due to the approaching National Day holiday result in weak demand in the rubber market [6].