宝城期货橡胶早报-20260326

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - Both Shanghai rubber and synthetic rubber are expected to maintain a volatile and bullish trend on April 26, 2026 [1][5][7] 3. Summary by Relevant Catalogs Shanghai Rubber (RU) - Short - term view: Volatile [1] - Medium - term view: Volatile [1] - Intraday view: Volatile and bullish [1][5] - Core logic: The US is trying to ease the tense sentiment in the financial market. Although the peace - talk signal released by Trump was refuted by Iran, the Shanghai rubber futures contract 2605 maintained a volatile and bullish trend on the night of Wednesday, and is expected to continue this trend on Thursday [5] Synthetic Rubber (BR) - Short - term view: Volatile and bullish [1] - Medium - term view: Volatile and bullish [1] - Intraday view: Volatile and bullish [1][7] - Core logic: The sharp rise of synthetic rubber futures is driven by the continuous increase in the price of upstream raw material butadiene. Due to geopolitical disturbances in Northeast Asia and the centralized reduction of cracking units in Japan and South Korea, the supply of butadiene has tightened significantly, and the inventory at East China ports has continued to decline, pushing up the futures price [7]