宝城期货橡胶早报-2026-02-12-20260212

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - Both Shanghai rubber and synthetic rubber are expected to run strongly in the short - term and maintain an oscillating trend in the medium - term, with a strong bias in intraday trading [1][5][7] 3. Summary by Related Categories 3.1 Shanghai Rubber (RU) - Short - term, Medium - term, and Intraday Views: Short - term and medium - term views are oscillating, and the intraday view is strong. The reference view is to run strongly [1][5] - Core Logic: Domestic Yunnan and Hainan natural rubber producing areas are in the off - season, and Southeast Asian producing areas are in the low - yield season, reducing the supply pressure of domestic full - latex. However, due to the approaching Spring Festival, the downstream tire industry's operating load has decreased, and demand is expected to weaken. Benefiting from the rebound of crude oil futures prices, the bullish atmosphere in the energy and chemical sector has increased. On Wednesday night, Shanghai rubber futures maintained a stable oscillating trend with slightly lower prices. It is expected to maintain an oscillating and strongly - biased trend on Thursday [5] 3.2 Synthetic Rubber (BR) - Short - term, Medium - term, and Intraday Views: Short - term and medium - term views are oscillating, and the intraday view is strong. The reference view is to run strongly [1][7] - Core Logic: The supply of butadiene, the core raw material of synthetic rubber, is becoming more abundant. With the approaching Spring Festival, the downstream tire industry's operating load has decreased, and demand is expected to weaken. Benefiting from the rebound of crude oil futures prices, the bullish atmosphere in the energy and chemical sector has increased. On Wednesday night, synthetic rubber futures showed a stable oscillating trend with slightly higher prices. It is expected to maintain an oscillating and strongly - biased trend on Thursday [7]