Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly, with short - and medium - term trends being oscillatory and weak, and intraday trends being oscillatory and strong [1][5][7]. 3. Summary by Relevant Catalogs 3.1 Shanghai Rubber (RU) - **View Summary**: Short - term: oscillatory and weak; Medium - term: oscillatory and weak; Intraday: oscillatory and strong; Reference view: run strongly [1][5]. - **Core Logic**: The macro - negative sentiment has weakened as US President Trump actively released easing signals. The better - than - expected domestic new car production and sales data in September have supported the correction of industrial factors, boosting the confidence of long - position holders in the rubber market. On Tuesday night, the 2601 contract of domestic Shanghai rubber futures maintained an oscillatory and strong trend, with the futures price rising slightly by 0.73% to 15,110 yuan/ton. It is expected to maintain an oscillatory and strong trend on Wednesday [5]. 3.2 Synthetic Rubber (BR) - **View Summary**: Short - term: oscillatory and weak; Medium - term: oscillatory and weak; Intraday: oscillatory and strong; Reference view: run strongly [1][7]. - **Core Logic**: Similar to Shanghai rubber, the macro - negative sentiment has weakened, and the industrial factors have been corrected due to good new car production and sales data. On Tuesday night, the 2512 contract of domestic synthetic rubber futures showed an oscillatory and strong trend, with the futures price rising slightly by 0.59% to 11,020 yuan/ton. It is expected to maintain an oscillatory and strong trend on Wednesday [7].

Report Industry Investment Rating - No information provided in the text Core Viewpoints of the Report - Both Shanghai rubber and synthetic rubber are expected to run weakly, with short - term, medium - term, and intraday trends being oscillatory and weak [1][5][7] Summary by Relevant Catalogs Shanghai Rubber (RU) - Short - term, medium - term, and intraday views: Oscillatory and weak; reference view: Weakly running [1][5] - Core logic: Although the macro - bearish sentiment has weakened due to Trump's signal, the macro and industrial factors in the rubber market remain weak. On Tuesday night, the 2601 contract of domestic Shanghai rubber futures continued the oscillatory and weak trend, with the price slightly down 0.30% to 14,810 yuan/ton. It is expected to maintain this trend on Wednesday [5] Synthetic Rubber (BR) - Short - term, medium - term, and intraday views: Oscillatory and weak; reference view: Weakly running [1][6][7] - Core logic: After Trump's signal, the macro - bearish sentiment has weakened, but the macro and industrial factors in the rubber market are still weak. On Tuesday night, the 2512 contract of domestic synthetic rubber futures declined under pressure, with the price slightly down 0.65% to 10,720 yuan/ton. It is expected to maintain an oscillatory and weak trend on Wednesday [7]