宝城期货橡胶早报-2026-01-14-20260114

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly, with short - term and medium - term trends being oscillatory and the intraday trend being strong [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Price Trends: Short - term: oscillatory; Medium - term: oscillatory; Intraday: strong; Overall view: run strongly [1][5] - Driving Logic: After Thailand and Cambodia declared a truce, the expectation of reduced rubber supply in Southeast Asia disappeared, weakening the bullish drive. However, domestic natural rubber producing areas in Yunnan and Hainan have entered the off - season, reducing domestic supply pressure, while Southeast Asia is in the peak tapping season. Also, domestic automobile production and sales data are optimistic, and the heavy - truck sales data in December are better than expected. Benefiting from the overall strength of energy - chemical products, Shanghai rubber futures maintained an oscillatory and strong trend on the night of Tuesday and are expected to continue this trend on Wednesday [5]. Synthetic Rubber (BR) - Price Trends: Short - term: oscillatory; Medium - term: oscillatory; Intraday: strong; Overall view: run strongly [1][7] - Driving Logic: The spot price of butadiene has risen sharply due to the tight supply of northern sources and downstream replenishment demand. The rapid increase in raw material costs has squeezed the profits of synthetic rubber manufacturers, leading to reduced production or shutdown of some plants and a decrease in supply expectations. In addition, domestic automobile production and sales data are optimistic, the heavy - truck sales data in December are better than expected, and the crude oil futures maintain an oscillatory and strong pattern, strengthening the cost support. Under the bullish atmosphere, synthetic rubber futures maintained an oscillatory and strong trend on the night of Tuesday and are expected to continue this trend on Wednesday [7].