Report Summary 1. Industry Investment Rating No information provided regarding the industry investment rating. 2. Core Viewpoints - Both Shanghai rubber 2601 and synthetic rubber 2601 are expected to run weakly, with short - term and medium - term trends being oscillatory and weakly oscillatory respectively, and the intraday view also being weakly oscillatory [1][5][7] 3. Summary by Related Catalogs Shanghai Rubber (RU) - **Price Performance**: On Wednesday night, the domestic Shanghai rubber futures 2601 contract maintained an oscillatory and stable trend, with the futures price slightly rising 0.57% to 14,905 yuan/ton, but the continued rise was blocked by the 5 - day moving average [5] - **Driving Logic**: After the meeting between the Chinese and US presidents in Busan, South Korea, the positive progress in economic and trade tariffs was slightly lower than market expectations. As the macro - positive sentiment was digested, the driving force of macro factors weakened, and the market showed profit - taking. After the rubber market returned to the market dominated by supply - demand fundamentals, the rubber price was under pressure. It is expected that on Thursday, the Shanghai rubber 2601 contract may maintain a weakly oscillatory trend [5] Synthetic Rubber (BR) - **Price Performance**: On Wednesday night, the domestic synthetic rubber futures 2601 contract showed an oscillatory and stable trend, with the futures price slightly rising 0.59% to 10,145 yuan/ton, but the continued rise was blocked by the 5 - day moving average [7] - **Driving Logic**: After the meeting between the Chinese and US presidents in Busan, South Korea, the positive progress in economic and trade tariffs was slightly lower than market expectations. As the macro - positive sentiment was digested, the driving force of macro factors weakened, and the market showed profit - taking. The market has shifted from "expectation - driven" to "reality - dominated", and investors' sentiment has become cautious. It is expected that on Thursday, the domestic synthetic rubber futures 2601 contract may maintain a weakly oscillatory trend [7]

Report Summary 1. Report Industry Investment Rating - No relevant content provided. 2. Report's Core View - Both Shanghai rubber 2601 and synthetic rubber 2601 are expected to run weakly, with short - term and medium - term trends being oscillatory and weakly oscillatory respectively, and the same for the intraday view [1]. 3. Summary According to Related Catalogs Shanghai Rubber (RU) - **Market Performance**: On the night session of this Monday, the domestic Shanghai rubber futures 2601 contract maintained a weakly oscillatory trend, with the futures price slightly down 0.27% to 15,050 yuan/ton [5]. - **Core Logic**: After the meeting between Chinese and US leaders in Busan, South Korea, the positive progress in economic and trade tariffs was slightly lower than market expectations. As the macro - positive sentiment was digested, the driving force of macro factors weakened, and the market saw profit - taking. The rubber market returned to being dominated by supply - demand fundamentals, putting pressure on rubber prices. It is expected that the Shanghai rubber 2601 contract may maintain a weakly oscillatory trend on Tuesday [5]. Synthetic Rubber (BR) - **Market Performance**: On the night session of this Monday, the domestic synthetic rubber futures 2601 contract showed a weak downward trend, with the futures price down 1.73% to 10,195 yuan/ton [7]. - **Core Logic**: After the meeting between Chinese and US leaders, the results in economic and trade tariffs were slightly lower than expected. With the digestion of macro - positive sentiment, the market shifted from "expectation - driven" to "reality - dominated", and investor sentiment became cautious. It is expected that the domestic synthetic rubber futures 2601 contract may maintain a weakly oscillatory trend on Tuesday [7].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Report's Core View - Both Shanghai rubber (RU) 2601 and synthetic rubber (BR) 2601 are expected to run weakly, with short - term and medium - term trends being oscillatory and weakly oscillatory respectively, and the intraday trend also being weakly oscillatory [1][5][7]. 3. Summary According to Related Contents Shanghai Rubber (RU) - **Price Performance**: On the night of last Friday, the domestic Shanghai rubber futures 2601 contract maintained a weakly oscillatory trend, with the futures price slightly down 1.05% to 15090 yuan/ton [5]. - **Core Logic**: After the meeting between the Chinese and US presidents in Busan, South Korea, the positive progress in economic and trade tariffs was slightly lower than market expectations. As the macro - positive sentiment was digested, the driving force of macro factors weakened, and the market showed profit - taking. It is expected that the Shanghai rubber 2601 contract may maintain a weakly oscillatory trend on Monday [5]. Synthetic Rubber (BR) - **Price Performance**: On the night of last Friday, the domestic synthetic rubber futures 2601 contract showed a weak downward trend, with the futures price significantly down 2.21% to 10405 yuan/ton [7]. - **Core Logic**: Similar to Shanghai rubber, after the meeting between the Chinese and US presidents, the progress in economic and trade tariffs was slightly lower than expected. As the macro - positive sentiment was digested, the driving force of macro factors weakened, and the market showed profit - taking. The market has shifted from "expectation - driven" to "reality - dominated", and investors' sentiment has become cautious. It is expected that the domestic synthetic rubber futures 2601 contract may maintain a weakly oscillatory trend on Monday [7].

Report Summary 1. Report Industry Investment Rating - No industry investment rating information is provided in the report. 2. Report's Core View - Both Shanghai rubber (RU) 2601 and synthetic rubber (BR) 2601 are expected to run weakly, with short - term and medium - term trends being oscillatory and weakly oscillatory respectively, and intraday trends also being weakly oscillatory [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - **Price Performance**: On Thursday night, the domestic Shanghai rubber futures 2601 contract maintained a weakly oscillatory trend, with the futures price slightly down 0.48% to 15,420 yuan/ton [5]. - **Core Logic**: After the meeting between the Chinese and US presidents in Busan, South Korea, the positive progress in economic and trade tariffs was slightly lower than market expectations. As the macro - positive sentiment was digested, the driving force of macro factors weakened, and there was a profit - taking phenomenon in the market. It is expected that the Shanghai rubber 2601 contract may maintain a weakly oscillatory trend on Friday [5]. Synthetic Rubber (BR) - **Price Performance**: On Thursday night, the domestic synthetic rubber futures 2601 contract showed a weakly oscillatory trend, with the futures price slightly down 0.51% to 10,700 yuan/ton [7]. - **Core Logic**: Similar to Shanghai rubber, after the meeting between the Chinese and US presidents, the positive progress in economic and trade tariffs was slightly lower than market expectations. As the macro - positive sentiment was digested, the driving force of macro factors weakened, and the market shifted from "expectation - driven" to "reality - dominated", with investors becoming more cautious. It is expected that the domestic synthetic rubber futures 2601 contract may maintain a weakly oscillatory trend on Friday [7].

Report Industry Investment Rating - Not provided Core Viewpoints - Both Shanghai rubber 2601 and synthetic rubber 2512 are expected to run strongly, with short - term and intraday trends being oscillatory and mid - term trends being oscillatory and weakening [1][5][7] Summary by Related Catalogs Shanghai Rubber (RU) - **Price and Trend**: On Wednesday night, the domestic Shanghai rubber futures 2601 contract maintained an oscillatory and stable trend, with the futures price slightly rising 0.68% to 15,550 yuan/ton. It is expected to maintain an oscillatory and strong trend on Thursday [5] - **Core Logic**: The 4th Plenary Session of the 20th Central Committee released favorable policies, and the China - US economic and trade talks sent positive signals. The meeting between the Chinese and US presidents in Seoul may convey positive expectations. The better - than - expected new car production and sales data in September supported the industrial factors and boosted the confidence of long - positions in the rubber market [5] Synthetic Rubber (BR) - **Price and Trend**: On Wednesday night, the domestic synthetic rubber futures 2512 contract showed an oscillatory and stable trend, with the futures price rising 1.41% to 10,795 yuan/ton. It is expected to maintain an oscillatory and strong trend on Thursday [7] - **Core Logic**: The supply pressure of synthetic rubber continues to increase. In 2025, the domestic butadiene production capacity is planned to increase by 980,000 tons, with the total capacity expected to reach 7.677 million tons/year, a year - on - year increase of 14.6%. The market has shifted from "expectation - driven" to "reality - dominated", and investors' sentiment is cautious. The meeting between the Chinese and US presidents may convey positive expectations [7]

1. Report Industry Investment Rating There is no information about the report industry investment rating in the given content. 2. Report's Core View - The Shanghai Rubber 2601 contract is expected to run strongly with short - term and intraday oscillations and a medium - term weakening trend [1][5]. - The Synthetic Rubber 2512 contract is expected to run weakly with short - term, intraday, and medium - term oscillations [1][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - **Viewpoints** - Short - term: Oscillation [1] - Medium - term: Oscillation and weakening [1][5] - Intraday: Oscillation and strengthening [1][5] - Reference view: Strong operation [1][5] - **Core Logic** - The 4th Plenary Session of the 20th Central Committee released favorable policies, improving the macro - sentiment, and the rubber futures sector had a valuation repair [5]. - The better - than - expected September domestic new car production and sales data in September supported the industrial factors and boosted the bulls' confidence [5]. - The positive signals from the China - US economic and trade talks over the weekend continued to improve the macro - sentiment [5]. - On the night session of Monday this week, the Shanghai Rubber 2601 contract maintained an oscillating and strengthening trend, with the futures price rising 0.13% to 15390 yuan/ton, and is expected to maintain this trend on Tuesday [5]. Synthetic Rubber (BR) - **Viewpoints** - Short - term: Oscillation [1] - Medium - term: Oscillation and weakening [1][7] - Intraday: Oscillation and weakening [1][7] - Reference view: Weak operation [1][7] - **Core Logic** - Although the 4th Plenary Session of the 20th Central Committee released favorable policies and improved the macro - sentiment, the supply - demand fundamentals of synthetic rubber are still weak [7]. - The supply pressure of synthetic rubber continues to increase. In 2025, the planned new capacity of domestic butadiene is 980,000 tons, and the total capacity is expected to reach 7.677 million tons/year, a year - on - year increase of 14.6% [7]. - On the night session of Monday this week, the domestic synthetic rubber futures 2512 contract showed an oscillating and weakening trend, with the futures price falling 1.13% to 10920 yuan/ton, and is expected to maintain this trend on Tuesday [7].

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - Both Shanghai rubber 2601 and synthetic rubber 2512 are expected to run strongly, with an intraday view of being strongly volatile and a medium - term view of being weakly volatile [1][5][7] 3. Summary by Relevant Categories Shanghai Rubber (RU) - **View**: Intraday view is strongly volatile, medium - term view is weakly volatile, and the reference view is to run strongly [5] - **Core Logic**: The 4th Plenary Session of the 20th Central Committee released favorable policies, improving the macro - sentiment. The rubber futures sector had a valuation repair. The better - than - expected September domestic new car production and sales data supported the industry factor, boosting the bulls' confidence. The positive signal from the China - US economic and trade talks also improved the macro - sentiment. On the night of last Friday, the 2601 contract of Shanghai rubber futures was strongly volatile, with the price rising 0.23% to 15385 yuan/ton. It is expected to maintain a strongly volatile trend on Monday [5] Synthetic Rubber (BR) - **View**: Intraday view is strongly volatile, medium - term view is weakly volatile, and the reference view is to run strongly [7] - **Core Logic**: The 4th Plenary Session of the 20th Central Committee released favorable policies, improving the macro - sentiment. The rubber futures sector had a valuation repair. The positive signal from the China - US economic and trade talks continued to improve the macro - sentiment. On the night of last Friday, the 2512 contract of synthetic rubber futures was weakly volatile, with the price falling 0.63% to 11085 yuan/ton. It is expected to maintain a strongly volatile trend on Monday [7]

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run weakly, with short - term, medium - term, and intraday views all being "oscillating weakly" [1][5][7]. 3. Summary by Related Catalogs Shanghai Rubber (RU) - **Price Performance**: On Thursday night, the domestic Shanghai rubber futures 2601 contract maintained an oscillating and stable trend, with the futures price slightly rising 0.17% to 14,870 yuan/ton, but the medium - term downward trend is obvious, being constrained by the upper 5 - day moving average [5]. - **Core Logic**: Although the macro - negative sentiment has weakened due to the US President Trump's signal of easing, the macro and industrial factors in the rubber market still remain weak, so it is expected to maintain an oscillating and weak trend on Friday [5]. Synthetic Rubber (BR) - **Price Performance**: On Thursday night, the domestic synthetic rubber futures 2512 contract showed an oscillating and stable trend, with the futures price rebounding 0.91% to 11,030 yuan/ton, but there is a lack of momentum to continue strengthening [7]. - **Core Logic**: Similar to Shanghai rubber, although the macro - negative sentiment has weakened, the macro and industrial factors in the rubber market are still weak, so it is expected to maintain an oscillating and weak trend on Friday [7].

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run weakly with a volatile and weak trend in the short - term, medium - term, and intraday periods [1][5][7] 3. Summary by Related Catalogs Shanghai Rubber (RU) - **Price Performance**: On the night session of this Monday, the domestic Shanghai rubber futures 2601 contract continued the volatile and weak trend, with the futures price slightly down 0.80% to 14,870 yuan/ton [5] - **Market Outlook**: It is expected that the Shanghai rubber 2601 contract may maintain a volatile and weak trend on Tuesday [5] - **Core Logic**: Although the macro - bearish sentiment has weakened as US President Trump actively released a signal to ease the situation, the macro and industrial factors in the rubber market still remain weak [5] Synthetic Rubber (BR) - **Price Performance**: On the night session of this Monday, the domestic synthetic rubber futures 2512 contract declined under pressure, with the futures price slightly down 0.92% to 10,800 yuan/ton [7] - **Market Outlook**: It is expected that the domestic synthetic rubber futures 2512 contract may maintain a volatile and weak trend on Tuesday [7] - **Core Logic**: Similar to Shanghai rubber, although the macro - bearish sentiment has weakened, the macro and industrial factors in the rubber market still remain weak [7]