Report Industry Investment Rating - RU is rated neutral, NR is rated neutral, and BR is rated neutral [4][5] Core Viewpoints - The warming macro - atmosphere has made futures prices stronger, and the basis of natural rubber has weakened slightly. The improvement of domestic concentrated latex import profit and the expected increase in raw material output after the end of rain may lead to an increase in domestic full - latex production. The demand for downstream products is weak, and the fundamentals of full - latex remain weak. In July, China is in the seasonal import off - season, and the loss of profit from Thai processing plants to Chinese ports is expected to reduce the import pressure. After the maintenance of downstream semi - steel tires ends, the operating rate rebounds, and the supply - demand pattern of NR improves slightly. However, due to the increase in global natural rubber supply and lackluster demand, the rebound space of rubber futures prices is limited. [4][5] - The price of upstream raw material butadiene is expected to remain firm in the short term. The supply of domestic butadiene has decreased slightly, and the port inventory has continued to decline, alleviating the supply pressure. The restart of downstream maintenance devices is beneficial to butadiene demand. Under the loss situation of butadiene rubber, the strength of the raw material end is expected to drive butadiene rubber to continue to rebound. The supply of butadiene rubber is expected to increase next week due to the reduction of maintenance devices, and the tire demand has increased month - on - month, showing a pattern of simultaneous increase in supply and demand. It is expected that butadiene rubber will follow the upstream butadiene raw material to be strong this week. [5] Market News and Data - Futures: The closing price of the RU main contract was 14,395 yuan/ton, up 35 yuan/ton from the previous day. The closing price of the NR main contract was 12,380 yuan/ton, up 55 yuan/ton from the previous day. [1] - Spot: The price of Yunnan - produced full - latex in the Shanghai market was 14,350 yuan/ton, up 50 yuan/ton from the previous day. The price of Thai mixed rubber in Qingdao Free Trade Zone was 14,180 yuan/ton, up 30 yuan/ton from the previous day. The price of Thai 20 - standard rubber in Qingdao Free Trade Zone was 1,750 US dollars/ton, up 5 US dollars/ton from the previous day. The price of Indonesian 20 - standard rubber in Qingdao Free Trade Zone was 1,690 US dollars/ton, up 5 US dollars/ton from the previous day. The ex - factory price of BR9000 of PetroChina Qilu Petrochemical was 11,700 yuan/ton, unchanged from the previous day. The market price of BR9000 of Zhejiang Chuanhua was 11,500 yuan/ton, down 50 yuan/ton from the previous day. [1] Market Information - Import: In June 2025, China imported 599,000 tons of natural and synthetic rubber (including latex), a year - on - year increase of 27.2%. In the first half of the year, the total import was 4.075 million tons, a year - on - year increase of 24.1%. [2] - Passenger car market: In June 2025, the retail sales of the national passenger car market were 2.084 million vehicles, a year - on - year increase of 18.1% and a month - on - month increase of 7.6%. In the first half of the year, the cumulative retail sales were 10.901 million vehicles, a year - on - year increase of 10.8%. In the first half of 2025, the production and sales of passenger cars were 13.522 million and 13.531 million vehicles respectively, a year - on - year increase of 13.8% and 13%. The production and sales of passenger cars in 2025 developed steadily, which supported the incremental demand of the semi - steel tire supporting market. [2] Market Analysis Natural Rubber - Spot and spread: On July 15, 2025, the RU basis was - 45 yuan/ton (+15), the spread between the RU main contract and mixed rubber was 215 yuan/ton (+5), the import profit of smoked sheet rubber was - 5,863 yuan/ton (- 0.17), the NR basis was 132 yuan/ton (- 18). The price of full - latex was 14,350 yuan/ton (+50), the price of mixed rubber was 14,180 yuan/ton (+30), the price of 3L spot was 14,550 yuan/ton (unchanged). The STR20 was quoted at 1,750 US dollars/ton (+5), the spread between full - latex and 3L was - 200 yuan/ton (+50), and the spread between mixed rubber and styrene - butadiene rubber was 2,180 yuan/ton (+30). [3] - Raw materials: The price of Thai smoked sheet was 65.29 Thai baht/kg (unchanged), the price of Thai glue was 54.30 Thai baht/kg (unchanged), the price of Thai cup lump was 48.20 Thai baht/kg (+0.15), and the difference between Thai glue and cup lump was 6.10 Thai baht/kg (- 0.15). [3] - Operating rate: The operating rate of all - steel tires was 61.11% (- 0.42%), and the operating rate of semi - steel tires was 65.79% (+1.66%). [3] - Inventory: The social inventory of natural rubber was 1,293,342 tons (- 248), the inventory of natural rubber in Qingdao Port was 636,383 tons (+4,006), the RU futures inventory was 188,690 tons (- 160), and the NR futures inventory was 36,994 tons (+7,258). [3] Butadiene Rubber - Spot and spread: On July 15, 2025, the BR basis was - 85 yuan/ton (+90), the ex - factory price of butadiene of Sinopec was 9,300 yuan/ton (unchanged), the price of BR9000 of Qilu Petrochemical was 11,700 yuan/ton (unchanged), the price of BR9000 of Zhejiang Chuanhua was 11,500 yuan/ton (- 50), the price of private butadiene rubber in Shandong was 11,380 yuan/ton (- 70), and the import profit of butadiene rubber in Northeast Asia was - 1,014 yuan/ton (- 55). [3] - Operating rate: The operating rate of high - cis butadiene rubber was 65.54% (- 1.44%). [3] - Inventory: The inventory of butadiene rubber traders was 6,270 tons (- 530), and the inventory of butadiene rubber enterprises was 26,500 tons (+150). [3]

Report Industry Investment Ratings - RU: Neutral [5] - NR: Neutral [5] - BR: Neutral [6] Core Viewpoints - The rubber price rebounds due to the warming market atmosphere, but the driving force is still weak. The cost - end support of rubber will gradually weaken, and the rebound strength is expected to be limited. The supply of BR changes little, and its price is expected to fluctuate within a limited range [5][6] Summary According to Related Catalogs Market News and Data - Futures: The closing price of the RU main contract was 14,405 yuan/ton, up 360 yuan/ton from the previous day; the NR main contract was 12,400 yuan/ton, up 305 yuan/ton [1] - Spot: The price of Yunnan - produced whole latex in the Shanghai market was 14,350 yuan/ton, up 350 yuan/ton; Qingdao Free Trade Zone Thai mixed rubber was 14,200 yuan/ton, up 320 yuan/ton; Thai 20 - grade standard rubber was 1,750 US dollars/ton, up 30 US dollars/ton; Indonesian 20 - grade standard rubber was 1,690 US dollars/ton, up 30 US dollars/ton; the ex - factory price of BR9000 of PetroChina Qilu Petrochemical was 11,600 yuan/ton, up 200 yuan/ton; the market price of BR9000 of Zhejiang Chuanhua was 11,250 yuan/ton, unchanged [1] Market Information - Thailand: In 2025, Thailand's rubber production is expected to increase by 2% to 4.89 million tons. Different regions have different growth rates [2] - Vietnam: From January to May, Vietnam exported a total of 341,000 tons of mixed rubber, a year - on - year increase of 10%. Different types of mixed rubber have different growth trends [2] - China: In June, the retail sales of the national passenger car market were 2.084 million, a year - on - year increase of 18.1% and a month - on - month increase of 7.6%. In the first half of the year, the cumulative retail sales were 10.901 million, a year - on - year increase of 10.8% [3] - US: In the first five months of 2025, the US imported a total of 120.95 million tires, a year - on - year increase of 6.4%. The import of passenger car tires and truck and bus tires increased. The US imported 11.1 million tires from China, a year - on - year increase of 2.5%, but the import of passenger car and truck and bus tires from China decreased [3] Market Analysis Natural Rubber - Spot and Spread: On July 10, 2025, the RU basis was - 55 yuan/ton (- 10), the spread between the RU main contract and mixed rubber was 205 yuan/ton (+ 40), etc. [4] - Raw Materials: The price of Thai smoked sheets was 65.23 Thai baht/kg (+ 0.44), Thai glue was 54.30 Thai baht/kg (unchanged), etc. [4] -开工率: The operating rate of all - steel tires was 61.11% (- 0.42%), and that of semi - steel tires was 65.79% (+ 1.66%) [4] - Inventory: The social inventory of natural rubber was 1,293,342 tons (- 248), the inventory of natural rubber in Qingdao Port was 632,377 tons (+ 287), etc. [4] 顺丁橡胶 - Spot and Spread: On July 10, 2025, the BR basis was - 415 yuan/ton (- 305), the ex - factory price of butadiene of Sinopec was 9,000 yuan/ton (unchanged), etc. [4] -开工率: The operating rate of high - cis butadiene rubber was 65.54% (- 1.44%) [4] - Inventory: The inventory of butadiene rubber traders was 6,270 tons (- 530), and the enterprise inventory was 26,500 tons (+ 150) [5] Strategy - For natural rubber (RU and NR), the rebound is driven by the warming market atmosphere, but the driving force is weak. The cost - end support will weaken, and the rebound strength is limited [5] - For BR, the supply changes little, the operating rate of semi - steel tire factories may rebound slightly, and the price is expected to fluctuate within a limited range [6]

l js 永安合成橡胶早报 | | | | | | | 研究中心能化团队 2025/7/8 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 指标 | 6/5 | 6/30 | 7/3 | 7/4 | 7/7 | 日度变化 | 周度变化 | | 主力合约收盘价 | 10960 | 11250 | 11185 | 11275 | 11000 | -275 | -250 | | 主力合约持仓量 | 26276 | 28291 | 28760 | 27024 | 30276 | 3252 | 1985 | | 主力合约成交量 | date 20 | 96678 | 105416 | 87186 | 133795 | 46609 | 37117 | | 仓単数量 | 11800 | 7700 | 7700 | 7700 | 8100 | 400 | 400 | | 虚实比 | 11.13 | 18.37 | 18.68 | 17.55 | 18.69 | J | 0 | | 顺丁基差 | 440 | 300 | 315 | 225 | 450 | 225 ...

Report Information - Report Title: Yongan Synthetic Rubber Morning Report [2] - Research Team: Research Center's Energy and Chemicals Team [3] - Report Date: July 4, 2025 [3] Key Data Summary BR (Butadiene Rubber) - **Price and Volume**: The closing price of the main contract on July 3 was 11,185, down 75 from the previous day and 10 from the previous week. The trading volume was 105,416, an increase of 15,541 from the previous day and a decrease of 2,914 from the previous week. The open interest was 28,760, an increase of 871 from the previous day and a decrease of 7,623 from the previous week [4]. - **Basis and Spread**: The basis of butadiene rubber (BR) and the spread between different months showed various changes. For example, the 7 - 8 month spread was 125 on July 3, down 25 from the previous day but up 5 from the previous week [4]. - **Market Price**: The Shandong market price remained at 11,500 on July 3, unchanged from the previous day but down 50 from the previous week. The Chuanhua market price was 11,300, down 50 from the previous day and 50 from the previous week [4]. - **Processing and Trade Profits**: The spot processing profit was 324 on July 3, an increase of 77 from the previous day and 409 from the previous week. The import profit was -83,792, a decrease of 45 from the previous day [4]. BD (Butadiene) - **Price and Volume**: The Shandong market price on July 3 was 8,800, down 75 from the previous day and 450 from the previous week. The Jiangsu market price was 8,850, down 100 from the previous day and 400 from the previous week [4]. - **Processing and Trade Profits**: The carbon four extraction profit was not available on July 3. The butene oxidative dehydrogenation profit was -454, a decrease of 170 from the previous day and 400 from the previous week [4]. Downstream Profits - **Production Profits**: The production profits of downstream products such as butadiene styrene rubber (SBR), acrylonitrile - butadiene - styrene (ABS), and styrene - butadiene - styrene (SBS) showed positive trends. For example, the SBR production profit was 788 on July 3, an increase of 175 from the previous day [4]. Spread - **Inter - and Intra - Product Spreads**: Different spreads between products and within the same product category changed. For example, the RU - BR spread was -14,745 on July 3, a decrease of 981 from the previous day but an increase of 7,598 from the previous week [4].

Report Summary 1. Report Industry Investment Rating No information provided in the given content. 2. Core View of the Report No explicit core view is presented in the provided text. The report mainly presents a series of data on the synthetic rubber market, including prices, trading volumes, positions, and profit margins. 3. Summary by Relevant Catalogs a. BR (Butadiene Rubber) - **Price and Position Data**: On July 2, the closing price of the main contract was 11,260, with no daily change and a weekly increase of 35. The position of the main contract was 27,889, a daily increase of 478. The trading volume was 89,875, a daily decrease of 2,622 and a weekly increase of 52,061. The warehouse receipt quantity was 7,700, with no daily change and a weekly increase of 1,070 [4]. - **Basis and Spread**: The butadiene - styrene basis was 640 on July 2, a daily decrease of 50 and a weekly decrease of 35. The 7 - 8 spread was 150, with no daily or weekly change. The 8 - 9 spread was 82, a daily decrease of 15 and a weekly increase of 5 [4]. - **Market Prices**: The Shandong market price was 11,500 on July 2, a daily decrease of 50 and a weekly decrease of 50. The Chuanhua market price remained at 11,350, and the Qilu ex - factory price remained at 11,700 [4]. - **Processing and Import - Export Profits**: The spot processing profit was 248 on July 2, a daily increase of 282 and a weekly increase of 486. The futures processing profit was 8, a daily increase of 332 and a weekly increase of 571. The import profit was - 83,741, a daily decrease of 66 and a weekly increase of 103. The export profit was - 267, a daily increase of 45 and a weekly increase of 207 [4]. b. BD (Butadiene) - **Market Prices**: The Shandong market price on July 2 was 8,875, a daily decrease of 325 and a weekly decrease of 525. The Jiangsu market price was 8,950, a daily decrease of 200 and a weekly decrease of 400. The Yangzi ex - factory price remained at 9,200, with a weekly decrease of 400 [4]. - **Processing and Import - Export Profits**: The carbon - four extraction profit decreased from 2,790 to 2,116. The butene oxidation - dehydrogenation profit was - 284 on July 2, a daily decrease of 200 and a weekly decrease of 50. The import profit was - 121, a daily decrease of 121 and a weekly decrease of 224. The export profit was - 267, a daily increase of 45 and a weekly increase of 207 [4]. c. Downstream Profits - The butadiene - styrene production profit remained at 613 on July 2, with a weekly increase of 350. The SBS (791 - H) production profit was 840, with a weekly increase of 340 [4]. d. Inter - Variety Spreads - The RU - BR spread was - 13,764 on July 2, a daily decrease of 448 and a weekly decrease of 19,911. The NR - BR spread was - 15,614, a daily decrease of 513 and a weekly decrease of 19,801. The Thai mixed - butadiene spread was 2,450, a daily increase of 50 and a weekly increase of 300 [4]. e. Intra - Variety Spreads - The butadiene - styrene 1502 - 1712 spread was 1,100 on July 2, a daily decrease of 50 and no weekly change [4].

jis 永安合成橡胶早报 研究中心能化团队 2025/7/2 | | | 指标 | 5/30 | 6/24 | 6/27 | 6/30 | 7/1 | 日度变化 | 周度变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 主力合约收盘价 | 11145 | 11230 | 11275 | 11250 | 11260 | 10 | 30 | | | | 主力合约持仓量 | 28417 | 10659 | 33472 | 28291 | 27411 | -880 | 16752 | | | : 11 | 主力合约成交量 | 151323 | 110263 | 96846 | 96678 | 92497 | -4181 | -17766 | | | | 仓单数量 | 12270 | 6630 | 7700 | 7700 | 7700 | 0 | 1070 | | | | 虚实比 | 11.58 | 8.04 | 21.74 | 18.37 | 17.80 | -1 | 10 | | | | 顺丁基差 | ર્કર | 32 ...

Group 1: Report Industry Investment Ratings - Investment rating for RU: Neutral [5] - Investment rating for NR: Neutral [5] - Investment rating for BR: Neutral [5] Group 2: Core Views of the Report - For natural rubber, although the upstream fire made the market strong, its impact on supply was limited. The increase in downstream all - steel tire operating rate increased raw material consumption, but the increase in arrivals and domestic production led to a slight increase in port and social inventories, putting pressure on prices [5] - For butadiene rubber, the fundamentals show a pattern of weak supply and demand. The supply is in a loss situation with expected declining output, but supply has increased this week. The tire factory's operating rate has increased, but terminal orders haven't improved, and the procurement intention has declined. It follows the price of upstream raw materials [5] Group 3: Summary According to Related Catalogs Market News and Data - Futures: RU main contract closed at 14,040 yuan/ton, up 270 yuan/ton; NR main contract at 12,145 yuan/ton, up 335 yuan/ton [1] - Spot: Yunnan - produced whole latex in Shanghai market at 14,000 yuan/ton, up 250 yuan/ton; Qingdao Free Trade Zone Thai mixed rubber at 13,950 yuan/ton, up 250 yuan/ton; Thai 20 - grade standard rubber at 1,710 US dollars/ton, up 25 US dollars/ton; Indonesian 20 - grade standard rubber at 1,650 US dollars/ton, up 25 US dollars/ton; BR9000 of PetroChina Qilu Petrochemical at 11,700 yuan/ton, unchanged; BR9000 of Zhejiang Chuanhua at 11,350 yuan/ton, unchanged [1] Market Information - Semi - steel tire enterprises' shipments haven't improved, with high domestic purchase pressure and support from the export market. Many enterprises continue to control production. All - steel tire enterprises are relatively stable, and some factories may adjust price policies [2] - In May 2025, China's rubber tire outer - tire production was 101.993 million pieces, a year - on - year decrease of 1.2%. From January to May, the output was 4.88962 billion pieces, a year - on - year increase of 2.8% [2] - In May 2025, China's synthetic rubber production was 699,000 tons, a year - on - year increase of 3.7%. From January to May, the cumulative production was 3.534 million tons, a year - on - year increase of 6.2% [2] - In May 2025, the national passenger car market retail volume was 1.932 million vehicles, a year - on - year increase of 13.3% and a month - on - month increase of 10.1%. From January to May, the cumulative retail volume was 8.811 million vehicles, a year - on - year increase of 9.1% [2] - In May 2025, China's truck and bus tire exports were 437,800 tons, a month - on - month increase of 6.74% and a year - on - year increase of 12.93%. From January to May, the cumulative exports were 1.9275 million tons, a cumulative year - on - year increase of 7.85%. The export average price was 2,095.8 US dollars/ton, a month - on - month decrease of 0.53% and a year - on - year decrease of 2.56% [3] Market Analysis Natural Rubber - Spot and spreads: On June 26, 2025, RU basis was - 40 yuan/ton (- 20); RU main - mixed rubber spread was 90 yuan/ton (+ 20); smoked sheet rubber import profit was - 6,329 yuan/ton (+ 177.29); NR basis was 102 yuan/ton (- 164); whole latex at 14,000 yuan/ton (+ 250); mixed rubber at 13,950 yuan/ton (+ 250); 3L spot at 14,650 yuan/ton (+ 100); STR20 at 1,710 US dollars/ton (+ 25); whole latex - 3L spread was - 650 yuan/ton (+ 150); mixed rubber - styrene - butadiene spread was 2,050 yuan/ton (+ 250) [4] - Raw materials: Thai smoked sheet at 65.79 baht/kg (+ 0.10); Thai latex at 57.25 baht/kg (- 0.25); Thai cup lump at 46.95 baht/kg (- 0.25); Thai latex - cup lump at 10.30 baht/kg (unchanged) [4] - Operating rate: All - steel tire operating rate was 62.23% (+ 0.84%); semi - steel tire operating rate was 70.40% (- 1.14%) [4] - Inventory: Natural rubber social inventory was 1,286,145 tons (+ 7,842); Qingdao Port natural rubber inventory was 617,288 tons (+ 10,313); RU futures inventory was 192,840 tons (- 230); NR futures inventory was 32,256 tons (- 2,620) [4] Butadiene Rubber - Spot and spreads: On June 26, 2025, BR basis was 105 yuan/ton (+ 30); butadiene Sinopec ex - factory price at 9,600 yuan/ton (unchanged); BR9000 of Qilu Petrochemical at 11,700 yuan/ton (unchanged); BR9000 of Zhejiang Chuanhua at 11,350 yuan/ton (unchanged); Shandong private butadiene rubber at 11,300 yuan/ton (unchanged); Northeast Asian import profit of butadiene rubber at - 1,043 yuan/ton (unchanged) [4] - Operating rate: High - cis butadiene rubber operating rate was 68.54% (+ 2.22%) [5] - Inventory: Butadiene rubber trader inventory was 6,370 tons (- 450); butadiene rubber enterprise inventory was 27,650 tons (+ 700) [5]

Report Information - Report Title: Yongan Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: June 27, 2025 [3] Core Data Summary BR (Butadiene Rubber) - **Price and Volume**: On June 26, the closing price of the main contract was 11,195, down 30 from the previous day and 575 from the previous week; the position was 36,383, up 28,760 from the previous day and 21,249 from the previous week; the trading volume was 108,330, up 70,516 from the previous day and 27,228 from the previous week; the warrant quantity was 6,530, down 100 from the previous day and the previous week [4]. - **Basis and Spread**: The butadiene rubber basis was 30 higher than the previous day and 275 higher than the previous week; the 7 - 8 month spread was 120, down 30 from the previous day and 20 from the previous week; the 8 - 9 month spread was 90, up 10 from the previous day and unchanged from the previous week [4]. - **Market Price**: The Shandong market price was 11,550, unchanged from the previous day and down 300 from the previous week; the Chuanhua market price was 11,350, unchanged from the previous day and down 300 from the previous week; the Qilu ex - factory price was 11,700, unchanged from the previous day and down 300 from the previous week [4]. - **Processing and Import - Export**: The spot processing profit was - 85, up 153 from the previous day and 6 from the previous week; the on - disk processing profit was - 440, up 123 from the previous day and down 269 from the previous week; the import profit was - 83,843, unchanged from the previous day and up 2,291 from the previous week; the export profit was - 474, unchanged from the previous day and up 245 from the previous week [4]. BD (Butadiene) - **Market Price**: The Shandong market price was 9,250, down 150 from the previous day and 300 from the previous week; the Jiangsu market price was 9,250, down 100 from the previous day and 350 from the previous week; the Yangzi ex - factory price was 9,600, unchanged from the previous day and up 100 from the previous week; the CFR China price was 1,100, unchanged from the previous day and up 30 from the previous week [4]. - **Processing and Import - Export**: The carbon four extraction profit was N/A; the butene oxidative dehydrogenation profit was - 54, up 180 from the previous day and down 210 from the previous week; the import profit was 179, down 100 from the previous day and 579 from the previous week; the export profit was - 1,021, up 87 from the previous day and down 390 from the previous week [4]. Downstream Products - **Production Profit**: The butadiene - styrene rubber production profit was 263, unchanged from the previous day and down 325 from the previous week; the ABS production profit was 204, down 45 from the previous day and up 206 from the previous week; the SBS (791 - H) production profit was 960 (data incomplete), unchanged from the previous day and down 10 from the previous week [4]. Variety Spreads - **Inter - Variety Spread**: RU - BR was - 22,343, down 28,490 from the previous day and 21,239 from the previous week; NR - BR was - 24,238, down 28,425 from the previous day and 21,384 from the previous week; the Thai mixed - butadiene rubber spread was 2,400, up 250 from the previous day and 370 from the previous week; the 3L - butadiene - styrene rubber spread was 2,750, up 100 from the previous day and 150 from the previous week [4]. - **Intra - Variety Spread**: The butadiene rubber standard - non - standard price spread was 250, unchanged from the previous day and up 50 from the previous week; the butadiene - styrene rubber 1502 - 1712 spread was 1,150, up 50 from the previous day and down 50 from the previous week [4].

华联期货分析称，前产区物候正常，尽管价格下跌，但割胶积极性仍然偏强而且有惯性。今年天然橡胶 进口数据增长幅度较大，前五月同比增超20%，但青岛干胶库存近月总体横盘为主，最新一期累库 1.7%。国内方面，国内房地产依然拖累橡胶需求，1至5月房地产开发投资同比跌幅加深；重卡销量在 以旧换新政策刺激下边际改善，5月同比涨6%左右，2025年1-5月，重卡累计销量同比增约1%。全钢胎 开工率反弹超越去年同期水平，半钢胎开工率保持高位，工厂和渠道轮胎成品库存均偏高。操作上，多 单持有，ru09支撑位13500附近。 6月26日，国内期市能化板块涨跌不一。其中，天然橡胶期货主力合约开盘报13750.00元/吨，今日盘中 高位震荡运行；截至发稿，天然橡胶主力最高触及13995.00元，下方探低13700.00元，涨幅达1.56%附 近。 西南期货表示，海外进口货源或呈现季节性减少，产区原料未来有增量预期，本周期轮胎样本企业产能 利用率表现基本稳定，胶价或继续呈现宽幅震荡。 申银万国期货指出，周三天胶止跌反弹，天然橡胶产胶区新胶供应受到降雨等气候影响，原料胶价格受 到一定支撑。青岛地区总库存近期波动，关注后续是否能够持续去库 ...

Group 1 - The main contract for rubber on the Shanghai Futures Exchange has increased by over 2%, currently priced at 14,025 yuan per ton [1]