橡胶：宽幅震荡20260113

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Report's Core View - The rubber market is expected to experience wide - range fluctuations [1] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - The data source for fundamental information is Longzhong Information, Flush iFinD, and Guotai Junan Futures Research [2] 3.2 Trend Intensity - The trend intensity of rubber is 0, with a range of [- 2,2]. - 2 means most bearish and 2 means most bullish [2] 3.3 Industry News - As of January 11, 2026, the total inventory of natural rubber in bonded and general trade in Qingdao was 568,200 tons, a month - on - month increase of 3.62% (19,800 tons). Bonded area inventory was 93,500 tons, an increase of 6.14%, and general trade inventory was 474,700 tons, an increase of 3.13% [3][4] - The inbound rate of Qingdao's natural rubber sample bonded warehouses decreased by 1.64 percentage points, and the outbound rate increased by 1.97 percentage points. For general trade warehouses, the inbound rate decreased by 0.33 percentage points, and the outbound rate increased by 0.33 percentage points [4] - Tire companies' production schedules vary. Some semi - steel tire companies' foreign trade orders have increased significantly, leading to a notable increase in capacity utilization, while some full - steel tire companies face inventory pressure, limiting their capacity utilization. Overall sales pressure remains [4]