宝城期货橡胶早报-20260327

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to maintain a volatile and bullish trend on Friday, with Shanghai rubber showing a volatile trend in the medium - term and synthetic rubber showing a volatile and bullish trend in the medium - term [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - Short - term, Medium - term, and Intraday Views: Short - term: volatile; Medium - term: volatile; Intraday: volatile and bullish. The reference view is volatile and bullish [1]. - Core Logic: The US is taking actions in the Middle East. Trump has signaled a peace talk with Iran, which is intended to ease the financial market tension and boost risk appetite. Although the peace - talk signal was refuted by Iran, the international crude oil futures are in adjustment. Supported by a bullish atmosphere, the Shanghai rubber futures contract 2605 maintained a volatile and bullish trend on Thursday night, and it is expected to continue this trend on Friday [5]. Synthetic Rubber (BR) - Short - term, Medium - term, and Intraday Views: Short - term: volatile and bullish; Medium - term: volatile and bullish; Intraday: volatile and bullish. The reference view is volatile and bullish [1]. - Core Logic: The sharp rise in synthetic rubber futures is mainly driven by the continuous increase in the price of butadiene, an upstream raw material. Due to geopolitical disturbances in Northeast Asia and the centralized reduction of cracking units in Japan and South Korea, the supply of butadiene, a by - product of ethylene cracking, has tightened significantly, and the inventory of butadiene at East China ports has continued to decline. The strong rise in the raw material end has directly affected the synthetic rubber futures market. The tightening supply has further pushed up the futures price. Supported by bullish factors, the domestic synthetic rubber futures maintained a volatile and bullish trend on Thursday night, and it is expected to continue this trend on Friday [7].