宝城期货橡胶早报-2026-01-13-20260113

Report Summary 1) Report Industry Investment Rating No information provided. 2) Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to operate weakly with a volatile trend on Tuesday, February 13, 2026 [1][5][7]. 3) Summary by Related Catalogs Shanghai Rubber (RU) - Short - term, Medium - term, and Intraday Views: Short - term: volatile; medium - term: volatile; intraday: weakly. Overall, it is expected to operate weakly [1][5]. - Core Logic: With the end of the war between Thailand and Cambodia, geopolitical risks have weakened, and the expectation of a decline in Southeast Asian rubber supply has dissipated, reducing the bullish drive. Currently, the domestic natural rubber producing areas in Yunnan and Hainan are in the off - season, reducing the supply pressure of domestic full - latex, while 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. After the previous bullish factors are digested, the Shanghai rubber futures opened high and closed low on the night of Monday, maintaining a volatile and stable trend [5]. Synthetic Rubber (BR) - Short - term, Medium - term, and Intraday Views: Short - term: volatile; medium - term: volatile; intraday: weakly. Overall, it is expected to operate weakly [1][7]. - Core Logic: Affected by the tight circulation of northern goods and downstream replenishment demand, the spot price of butadiene has risen significantly. 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. The Shanghai rubber futures maintain a volatile and strong pattern, indirectly supporting the synthetic rubber futures. After the previous bullish factors are digested, the synthetic rubber futures opened high and closed low on the night of Monday, maintaining a volatile and weak trend [7].