Report Overview - Report Name: Yong'an Synthetic Rubber Morning Report - Research Team: Research Center's Energy and Chemicals Team - Date: May 23, 2025 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Report Core View - No clear core view is given in the provided content. The report mainly presents a large amount of data on synthetic rubber, including prices, trading volumes, and profit margins. 3. Summary by Relevant Catalogs 3.1 BR (Butadiene Rubber) 3.1.1 Price and Trading Volume - The closing price of the BR main contract on May 22 was 11,895, a daily decrease of 345 and a weekly decrease of 362 compared to May 15 [3]. - The open interest of the BR main contract on May 22 was 13,554, a daily decrease of 5,975 and a weekly decrease of 9,229 [3]. - The trading volume of the BR main contract on May 22 was 74,911, a daily decrease of 49,310 and a weekly decrease of 51,953 [3]. 3.1.2 Basis and Spread - The basis of cis - butadiene rubber (cis - BR) on May 22 was - 135, a daily decrease of 295 and a weekly decrease of 325 [3]. - The basis of styrene - butadiene rubber (SBR - BR) on May 22 was 265, a daily decrease of 295 and a weekly decrease of 375 [3]. - The spread between contracts 06 - 07 on May 22 was - 80, a daily decrease of 135 and a weekly decrease of 40 [3]. - The spread between contracts 07 - 08 on May 22 was 130, a daily decrease of 35 and a weekly decrease of 15 [3]. 3.1.3 Market Price - The market price of BR in Shandong on May 22 was 13,650, a daily increase of 1,150 and a weekly increase of 1,100 [3]. - The market price of BR in Zhejiang Chuanhua on May 22 was 13,500, a daily increase of 1,100 and a weekly increase of 1,050 [3]. - The ex - factory price of BR at Qilu on May 22 was 13,700, a daily increase of 1,000 and a weekly increase of 1,000 [3]. 3.1.4 Processing and Profit - The spot processing profit of BR on May 22 was 179, a daily increase of 1,329 and a weekly increase of 1,457 [3]. - The on - screen processing profit of BR on May 22 was 164, a daily increase of 1,574 and a weekly increase of 1,732 [3]. - The import profit of BR on May 22 was - 1,214, a daily decrease of 973 and a weekly decrease of 1,395 [3]. - The export profit of BR on May 22 was 1,981, a daily increase of 613 and a weekly increase of 718 [3]. 3.2 BD (Butadiene) 3.2.1 Market Price - The market price of BD in Shandong on May 22 was 11,050, a daily decrease of 175 and a weekly decrease of 350 [3]. - The market price of BD in Jiangsu on May 22 was 11,100, a daily increase of 250 [3]. - The ex - factory price of BD at Yangzi on May 22 was 11,100, a daily increase of 200 and a weekly increase of 0 [3]. - The CFR China price of BD on May 22 was 11,082, a daily increase of 1,133 and a weekly increase of 2,208 [3]. 3.2.2 Processing and Profit - The carbon - four extraction profit of BD on May 22 was 3,459, a daily decrease of 165 and a weekly decrease of 400 [3]. - The butene oxidative dehydrogenation profit of BD on May 22 was 816, a daily decrease of 1,120 and a weekly decrease of 1,270 [3]. - The import profit of BD on May 22 was - 139, a daily decrease of 955 and a weekly decrease of 2,175 [3]. - The export profit of BD on May 22 was - 576, a daily increase of 773 and a weekly increase of 1,886 [3]. 3.3 Downstream Products 3.3.1 Production Profit - The production profit of ABS on May 22 was 418, a daily increase of 430 and a weekly increase of 872 [3]. - The production profit of SBS (791 - H) on May 22 was 330, a daily decrease of 140 and a weekly increase of 500 [3]. - The production profit of cis - butadiene rubber on May 22 was 179, a daily increase of 1,329 and a weekly increase of 1,457 [3]. - The production profit of styrene - butadiene rubber on May 22 was 1,075, a daily increase of 850 and a weekly increase of 1,000 [3]. 3.4 Variety Spreads 3.4.1 Inter - Variety Spreads - The spread between RU - BR on May 22 was 3,340, a daily increase of 575 and a weekly increase of 510 [3]. - The spread between NR - BR on May 22 was 1,085, a daily increase of 440 and a weekly increase of 455 [3]. - The spread between Thai mixed - cis - butadiene rubber on May 22 was 3,000, a daily increase of 850 and a weekly increase of 750 [3]. - The spread between 3L - styrene - butadiene rubber on May 22 was 3,450, a daily increase of 400 and a weekly increase of 400 [3]. 3.4.2 Intra - Variety Spreads - The spread between standard and non - standard cis - butadiene rubber on May 22 was 250, a daily increase of 30 and a weekly increase of 80 [3]. - The spread between SBR 1502 - 1712 on May 22 was 1,700, a daily increase of 800 and a weekly increase of 700 [3].
永安合成橡胶早报-20250523
Yong An Qi Huo·2025-05-23 07:54