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 - term and intraday views being oscillating and strong, and medium - term views being oscillating [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - **Price Performance**: On Thursday night, the 2509 contract of domestic Shanghai rubber futures showed an oscillating and stable trend, with the futures price slightly rising 0.43% to 14,070 yuan/ton [5]. - **Core Logic**: Since this week, the conflict between Iran and Israel has continued to escalate, and their missile air - strike targets have shifted to energy facilities, leading to an increase in the premium of energy - chemical commodities. Against the background of the collective strength of energy - chemical sector commodities, resonance factors support Shanghai rubber futures to maintain a strong pattern. Currently, the unfavorable impact of the weak supply - demand structure of the rubber market itself is covered by the bullish atmosphere [5]. Synthetic Rubber (BR) - **Price Performance**: On Thursday night, the 2508 contract of synthetic rubber futures showed an oscillating and strong trend, with the futures price rising 1.38% to 11,765 yuan/ton [7]. - **Core Logic**: Since this week, the conflict between Iran and Israel has continued to escalate, and their missile air - strike targets have shifted to energy facilities, resulting in an increase in the premium of energy - chemical commodities. Against the background of the collective strength of crude oil futures and energy - chemical sector commodities, cost factors combined with resonance factors support synthetic rubber futures to maintain a strong pattern. Currently, the unfavorable impact of the weak supply - demand structure of synthetic rubber itself is covered by the bullish atmosphere [7].