宝城期货橡胶早报-2025-12-23-20251223

Report Summary 1. Report Industry Investment Rating No specific investment rating for the industry is provided in the report. 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run in a relatively strong manner. The short - term and medium - term trends are mainly in a state of oscillation, while the intraday trend is relatively strong [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Price Trends: Short - term: oscillation; Medium - term: oscillation; Intraday: relatively strong; Overall view: relatively strong operation [1][5] - Core Logic: The supply pressure of domestic full - latex has significantly decreased as domestic natural rubber producing areas in Yunnan and Hainan enter the off - season. The domestic automobile production and sales data are optimistic, and the heavy - truck sales data in November are better than expected. The industrial logic is strengthening and driving the rubber market. The conflict between Thailand and Cambodia has intensified, increasing the supply - side disturbances. The domestic Shanghai rubber futures maintained an oscillating and relatively strong trend on the night session of this Monday and are expected to continue this trend on Tuesday [5]. Synthetic Rubber (BR) - Price Trends: Short - term: oscillation; Medium - term: oscillation; Intraday: relatively strong; Overall view: relatively strong operation [1][7] - Core Logic: The domestic automobile production and sales data are optimistic, and the heavy - truck sales data in November are better than expected, strengthening the industrial logic. The cost - support effect of synthetic rubber is prominent due to the stable rebound of crude oil futures prices. The domestic synthetic rubber futures showed an oscillating and relatively strong trend on the night session of this Monday and are expected to maintain this trend on Tuesday [7].