Report Information - Report Name: Yongan Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [2] - Date: May 22, 2025 [2] 1. Report Industry Investment Rating - No relevant content provided. 2. Report's Core View - No clear core view presented in the given content. 3. Summary by Related Catalogs 3.1 BR (Butadiene Rubber) 3.1.1 Futures Market - Price: The closing price of the main contract decreased from 12160 on May 16th to 11900 on May 21st, a daily change of -260 and a weekly change of -480 [3]. - Position: The position of the main contract decreased from 20487 on May 16th to 15064 on May 21st, a daily change of -5423 and a weekly change of -11441 [3]. - Volume: The trading volume of the main contract decreased from 134239 on May 16th to 97613 on May 21st, a daily change of -36626 and a weekly change of -113762 [3]. - Warehouse Receipts: The number of warehouse receipts decreased from 11340 on May 16th to 10490 on May 21st, a daily change of -850 and a weekly change of -990 [3]. - Virtual - Real Ratio: The virtual - real ratio decreased from 9.03 on May 16th to 7.18 on May 21st, a daily change of -2 and a weekly change of -4 [3]. - Basis: The basis (Cis - BR) changed from 240 on May 16th to -135 on May 21st, a daily change of -375 and a weekly change of -405; the basis (Styrene - Butadiene - BR) changed from 740 on May 16th to 265 on May 21st, a daily change of -475 [3]. - Spread between Contracts: The spread (06 - 07) changed from -75 on May 16th to -115 on May 21st, a daily change of -40; the spread (07 - 08) changed from 155 on May 16th to 120 on May 21st, a daily change of -35 [3]. 3.1.2 Spot Market - Market Price: The Shandong market price increased from 12500 on May 16th to 13650 on May 21st, a daily increase of 1150 and a weekly increase of 1000; the Zhejiang Chuanhua market price increased from 12400 on May 16th to 13500 on May 21st, a daily increase of 1100 and a weekly increase of 850; the Qilu ex - factory price increased from 12700 on May 16th to 13700 on May 21st, a daily increase of 1000 and a weekly increase of 1000 [3]. - International Price: CFR Northeast Asia increased from 1500 on May 16th to 1750 on May 21st, a daily increase of 250 and a weekly increase of 300; CFR Southeast Asia increased from 1788 on May 16th to 2000 on May 21st, a daily increase of 213 and a weekly increase of 225; FOB China increased to 1750 on May 21st [3]. - Processing Profit: The spot processing profit increased from -1277 on May 16th to 179 on May 21st, a daily increase of 1456 and a weekly increase of 1561; the futures processing profit increased from -1617 on May 16th to 164 on May 21st, a daily increase of 1781 and a weekly increase of 1816 [3]. - Import and Export Profit: The import profit changed from -229 on May 16th; the export profit increased from 1356 on May 16th to 1981 on May 21st, a daily increase of 625 and a weekly increase of 768 [3]. 3.2 BD (Butadiene) 3.2.1 Spot Market - Market Price: The Shandong market price decreased from 11350 on May 16th to 11050 on May 21st, a daily decrease of 300 and a weekly decrease of 550; the Jiangsu market price increased from 10850 on May 16th to 11000 on May 21st, a daily increase of 150 and a weekly decrease of 350; the Yangzi ex - factory price remained at 11100; CFR China increased from 10113 on May 16th to 11082 on May 21st, a daily increase of 970 and a weekly increase of 2370 [3]. - Processing Profit: The carbon - four extraction profit decreased from 3827 on May 16th to 3459 on May 21st, a daily decrease of 367 and a weekly increase of 282; the butene oxidative dehydrogenation profit decreased from 2036 on May 16th to 816 on May 21st, a daily decrease of 1220 and a weekly decrease of 1720 [3]. - Import and Export Profit: The import profit decreased from 762 on May 16th to -139 on May 21st, a daily decrease of 901 and a weekly decrease of 2792; the export profit increased from -1444 on May 16th to -576 on May 21st, a daily increase of 868 and a weekly increase of 2534 [3]. 3.2.2 Downstream Profit - Production Profit: The cis - butadiene production profit increased from -1277 on May 16th to 179 on May 21st, a daily increase of 1456 and a weekly increase of 1561; the styrene - butadiene production profit increased from 75 on May 16th to 1075 on May 21st, a daily increase of 1000 and a weekly increase of 1000; the ABS production profit increased to 418; the SBS (791 - H) production profit increased from 130 on May 16th to 330 on May 21st, a daily increase of 200 and a weekly increase of 60 [3]. 3.3 Price Spreads - Variety - to - Variety Spread: The RU - BR spread increased from 2745 on May 16th to 3340 on May 21st; the NR - BR spread increased from 570 on May 16th to 1085 on May 21st; the Thai Mixed - Cis spread increased from 2100 on May 16th to 3000 on May 21st; the 3L - Styrene - Butadiene spread increased from 2850 on May 16th to 3450 on May 21st [3]. - Variety - within Spread: The Cis standard - non - standard price spread increased from 220 on May 16th to 250 on May 21st; the Styrene - Butadiene 1502 - 1712 spread increased from 1000 on May 16th to 1700 on May 21st [3].
永安合成橡胶早报-20250522
Yong An Qi Huo·2025-05-22 00:32