宝城期货橡胶早报-2026-01-08-20260108

Report Industry Investment Rating - No information provided Core Viewpoints - Both Shanghai rubber and synthetic rubber are expected to run with a strong bias in the short - term and mid - term, with a strong bias on the day of trading [1][5][7] Summary by Relevant Catalogs Shanghai Rubber (RU) - Price Trend: Short - term: oscillating; Mid - term: oscillating; Intraday: strong bias; Overall reference view: run with a strong bias [1][5] - Core Logic: With the end of the war between Thailand and Cambodia, the geopolitical risk weakens, and the expectation of reduced rubber supply in Southeast Asia dissipates. However, domestic natural rubber production areas in Yunnan and Hainan have entered the off - season, reducing the supply pressure of domestic full - latex. Southeast Asia is still in the peak tapping season. The domestic automobile production and sales data are optimistic, and the heavy - truck sales data in December are better than expected. Supported by a bullish atmosphere, Shanghai rubber futures oscillated at a high level on Wednesday night and are expected to maintain an oscillating and strong - biased trend on Thursday [5] Synthetic Rubber (BR) - Price Trend: Short - term: oscillating; Mid - term: oscillating; Intraday: strong bias; Overall reference view: run with a strong bias [1][7] - Core Logic: Affected by the tight circulation of northern supplies and downstream replenishment demand, the spot price of butadiene has risen sharply. The rapid increase in raw material costs has squeezed the profits of synthetic rubber manufacturers, leading to some plants reducing production or shutting down, and the supply is expected to decline. The domestic automobile production and sales data are optimistic, and the heavy - truck sales data in December are better than expected. Coupled with the oscillating and strong - biased pattern of Shanghai rubber futures, it indirectly supports synthetic rubber futures. The supply - demand expectation of synthetic rubber has improved, and the bullish atmosphere has gradually dominated. Synthetic rubber futures rose sharply on Wednesday night and are expected to maintain an oscillating and strong - biased trend on Thursday [7]