宝城期货橡胶早报-2026-03-12-20260312

Report Overview - The report provides investment analysis for the rubber and synthetic rubber futures markets, including short - term, medium - term, and intraday views [1][5][7]. Industry Investment Rating - Not provided in the report. Core Views - The overall view of the report is that both the Shanghai rubber (RU) and synthetic rubber (BR) futures are expected to show a trend of oscillating and strengthening [1][5][7]. Summary by Variety Shanghai Rubber (RU) - Short - term view: Oscillating [1] - Medium - term view: Oscillating [1] - Intraday view: Oscillating and strengthening [1] - Core logic: Despite Trump's signal of ending the war with Iran, the Middle - East geopolitical risks remain. International crude oil futures prices are strong, boosting domestic energy - chemical commodity futures prices. The cost - driven logic of synthetic rubber remains, and the discount spread with Shanghai rubber is narrowing, supporting the Shanghai rubber futures price. The 2605 contract of Shanghai rubber futures showed an oscillating and stabilizing trend in the night session on Wednesday, and it is expected to maintain an oscillating and strengthening trend on Thursday [5]. Synthetic Rubber (BR) - Short - term view: Oscillating [1] - Medium - term view: Oscillating and strengthening [1] - Intraday view: Oscillating and strengthening [1] - Core logic: The Middle - East geopolitical risks remain, and international energy commodity futures prices are strong, boosting domestic energy - chemical commodity futures prices. As oil prices rise sharply, IEA member countries agree to release 400 million barrels of strategic reserve crude oil, with the US releasing 172 million barrels to suppress the rapid rise of oil prices. The cost - driven logic of synthetic rubber remains. The synthetic rubber futures showed an oscillating and strengthening trend in the night session on Wednesday, and it is expected to maintain an oscillating and strengthening trend on Thursday [7].