宝城期货橡胶早报-20251119

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints - The report predicts that both Shanghai rubber (RU) and synthetic rubber (BR) futures will run stronger. For Shanghai rubber, it will maintain a volatile and stronger trend on Tuesday, and for synthetic rubber, it may maintain a stronger trend on Wednesday [5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Short - term: Weak [1] - Medium - term: Oscillating [1] - Intraday: Stronger [1] - Reference View: Run stronger [1] - Core Logic: As domestic natural rubber production areas in Yunnan and Hainan are approaching the end of the season, the supply of domestic full - latex is expected to decline. Also, the domestic automobile production and sales data in the rubber market are optimistic. Under the good supply - demand structure, the 2601 contract of Shanghai rubber futures maintained a volatile and stronger trend on Tuesday night, with the futures price slightly rising [5]. Synthetic Rubber (BR) - Short - term: Weak [1] - Medium - term: Oscillating [1] - Intraday: Stronger [1] - Reference View: Run stronger [1] - Core Logic: Recently, the macro sentiment is good. Crude oil futures at home and abroad are supported by the rising winter heating demand and show a volatile and stronger trend, which strengthens the cost support for domestic synthetic rubber futures. Coupled with the optimistic domestic automobile production and sales data in the rubber market, the market has shifted from "expectation - driven" to "reality - dominated". On Tuesday night, domestic synthetic rubber futures showed a volatile and stable trend, with the futures price slightly rebounding [7].