品种晨会纪要：宝城期货橡胶早报：2026.1.16-20260116

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 run weakly with an oscillatory pattern in the short - term and medium - term, and show a weak trend intraday on January 16, 2026 [1][5][7] 3. Summary by Related Catalogs Shanghai Rubber (RU) - Short - term, Medium - term, and Intraday Views: Short - term and medium - term views are oscillatory, and the intraday view is weak, with a reference view of running weakly [1][5] - Core Logic: After Thailand and Cambodia declared a cease - fire, the expected decline in Southeast Asian rubber supply due to geopolitical risks disappeared, weakening the bullish drive. Domestic Yunnan and Hainan rubber - producing areas are in the off - season, reducing domestic supply pressure, while Southeast Asia is in the peak tapping season. The domestic automobile production and sales data are optimistic, and the December heavy - truck sales data are better than expected. With the weakening of the rally in the energy and chemical sector, Shanghai rubber futures maintained a weak oscillatory pattern on Thursday night and are expected to continue this way on Friday [5] Synthetic Rubber (BR) - Short - term, Medium - term, and Intraday Views: Short - term and medium - term views are oscillatory, and the intraday view is weak, with a reference view of running weakly [1][7] - Core Logic: Due to the tight supply 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 production cuts or shutdowns, reducing the supply expectation. The domestic automobile production and sales data are optimistic, and the December heavy - truck sales data are better than expected. Coupled with the oscillatory and strong pattern of crude oil futures, the cost support has been enhanced. With the weakening of the rally in the energy and chemical sector, synthetic rubber futures showed a high - level correction on Thursday night and are expected to maintain a weak oscillatory pattern on Friday [7]