Report Summary 1. Report Industry Investment Rating No information provided. 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly, with short - term and medium - term trends being oscillatory and the intraday trend being oscillatory and strong [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - **Price Performance**: On the night session of last Friday, the 2601 contract of domestic Shanghai rubber futures maintained an oscillatory and strong trend, with the futures price rising slightly by 1.44% to 15,865 yuan/ton [5]. - **Market Situation**: The domestic Shanghai rubber futures market is dominated by supply - demand fundamental factors. Southeast Asian producing areas are in the peak tapping season, and domestic producing areas are also continuously releasing new rubber output, resulting in a relatively high supply pressure. The inventory of the domestic tire industry has declined, the operating load has decreased, and export sales are blocked with a slowdown in growth. With the increasing expectation of the Fed's interest rate cut, the macro - bullish atmosphere has strengthened [5]. - **Outlook**: It is expected that the 2601 contract of domestic Shanghai rubber futures may maintain an oscillatory and strong trend on Monday [5]. Synthetic Rubber (BR) - **Price Performance**: On the night session of last Friday, the 2510 contract of domestic synthetic rubber futures maintained an oscillatory and strong trend, with the futures price rising significantly by 2.78% to 12,025 yuan/ton [7]. - **Market Situation**: The domestic synthetic rubber futures market is also dominated by supply - demand fundamental factors. The operating load of domestic synthetic rubber plants is stable, and the supply pressure has increased slightly. The inventory of the domestic tire industry has declined, the operating load has decreased, and export sales are blocked with a slowdown in growth. With the increasing expectation of the Fed's interest rate cut, the macro - bullish atmosphere has strengthened [7]. - **Outlook**: It is expected that the 2510 contract of domestic synthetic rubber futures may maintain an oscillatory and strong trend on Monday [7].

Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - Both Shanghai rubber futures 2601 contract and synthetic rubber futures 2510 contract are expected to run strongly with a short - term and intraday view of oscillating strongly and a medium - term view of oscillating [1][5][7] Group 3: Summary by Related Catalogs Shanghai Rubber (RU) - **Market Situation**: With the weakening of the previous macro - driving force, the rubber market has returned to a market dominated by a weak supply - demand structure. The supply pressure is high as Southeast Asian and domestic rubber - producing areas are in the peak cutting season. However, the August domestic heavy - truck sales data and new - car production and sales data released recently are better than market expectations, showing a significant year - on - year increase. On Wednesday night, the 2601 contract of domestic Shanghai rubber futures maintained an oscillating and stable trend, with the futures price slightly rising 0.06% to 15,875 yuan/ton. It is expected to maintain an oscillating and strong trend on Thursday [5] Synthetic Rubber (BR) - **Market Situation**: With the weakening of the previous macro - driving force, synthetic rubber has returned to a market dominated by a weak supply - demand structure. The domestic synthetic rubber plant load is stable, and the supply pressure remains. But the August domestic heavy - truck sales data and new - car production and sales data are better than expected, showing a significant year - on - year increase. On Wednesday night, the 2510 contract of domestic synthetic rubber futures maintained an oscillating and stable trend, with the futures price slightly falling 0.34% to 11,815 yuan/ton. It is expected to maintain an oscillating and strong trend on Thursday [7]