宝城期货橡胶早报-20251010

Report Industry Investment Rating - No relevant information provided. Core Viewpoints - The short - term and intraday views of both Shanghai rubber 2601 and synthetic rubber 2511 are "oscillating weakly", and the medium - term view is "declining", with a reference view of "weak operation" [1]. Summary by Variety Shanghai Rubber (RU) - Viewpoints: Intraday view is oscillating weakly, medium - term view is declining, and the overall reference view is weak operation [5]. - Core Logic: The US government shutdown due to the bipartisan deadlock has weakened the macro - factor. However, Typhoon "Maidoum" on October 5 may cause production cuts in natural rubber planting areas. The positive industrial factor temporarily outweighed the negative macro - factor, leading to a rebound in the Shanghai rubber 2601 contract on the first trading day after the holiday. The contract's moving average shows a bearish trend, and it is expected to oscillate weakly on Friday [5]. Synthetic Rubber (BR) - Viewpoints: Intraday view is oscillating weakly, medium - term view is declining, and the overall reference view is weak operation [6]. - Core Logic: The US government shutdown has weakened the macro - factor. During the National Day holiday, the international crude oil futures price first declined and then rose, with a cumulative decline of about 1%. The domestic crude oil futures price opened lower after the holiday. The slight rise of Shanghai rubber futures drove the synthetic rubber 2511 contract to rise slightly. It is expected to oscillate weakly on Friday [6].