合成橡胶早报-20250526

Report Overview - Report Title: Yong'an Synthetic Rubber Morning Report [2] - Research Team: Research Center's Energy and Chemicals Team [2] - Report Date: May 26, 2025 [2] 2. Key Data Summary 2.1 BR (Butadiene Rubber) - Futures Market - Main contract closing price on May 23 was 11,750, a daily decrease of 320 and a weekly decrease of 410 [3] - Main contract trading volume on May 23 was 101,603, a daily increase of 6,801 and a weekly decrease of 32,636 [3] - Main contract open interest on April 25 was 42,499 [3] - Warehouse receipt quantity on May 23 was 10,460, a daily increase of 170 and a weekly decrease of 880 [3] - Virtual - to - physical ratio on May 23 was 33.45, a daily increase of 25 and a weekly increase of 24 [3] - Basis and Spread - Basis (Cis - BR) on May 23 was - 135, a daily decrease of 365 and a weekly decrease of 375 [3] - Basis (Styrene - butadiene - BR) on May 23 was 265, a daily decrease of 365 and a weekly decrease of 475 [3] - Month - to - month spread (06 - 07) on May 23 was - 85, a daily decrease of 5 and a weekly decrease of 10 [3] - Month - to - month spread (07 - 08) on May 23 was 150, a daily decrease of 10 and a weekly decrease of 5 [3] - Spot Market - Shandong market price on May 23 was 13,650, a daily increase of 1,250 and a weekly increase of 1,150 [3] - Zhejiang Chuanhua market price on May 23 was 13,500, a daily increase of 1,200 and a weekly increase of 1,100 [3] - Qilu ex - factory price on May 23 was 13,700, a daily increase of 1,000 and a weekly increase of 1,000 [3] - CFR Northeast Asia on May 23 was 1,750, a daily increase of 250 and a weekly increase of 300 [3] - CFR Southeast Asia on May 23 was 2,000, a daily increase of 213 and a weekly increase of 225 [3] - FOB China on May 23 was 1,750, a daily increase of 225 and a weekly increase of 225 [3] - Processing and Trade - Spot processing profit on May 23 was 179, a daily increase of 1,199 and a weekly increase of 1,456 [3] - Futures processing profit on May 23 was 164, a daily increase of 1,514 and a weekly increase of 1,781 [3] - Import profit on May 23 was - 1,214, a daily decrease of 866 and a weekly decrease of 1,392 [3] - Export profit on May 23 was 1,981, a daily increase of 519 and a weekly increase of 715 [3] 2.2 BD (Butadiene) - Price - Shandong market price on May 23 was 11,050, a daily increase of 50 and a weekly decrease of 300 [3] - Jiangsu market price on May 23 was 11,000, a daily increase of 450 and a weekly increase of 150 [3] - Yangzi ex - factory price on May 23 was 11,100, a daily increase of 400 and a weekly increase of 0 [3] - CFR China on May 23 was 11,082, a daily increase of 1,133 and a weekly increase of 963 [3] - Processing and Trade - C4 extraction profit on May 23 was 3,459, a daily increase of 92 and a weekly decrease of 546 [3] - Butylene oxidative dehydrogenation profit on May 23 was 816, a daily decrease of 990 and a weekly decrease of 1,220 [3] - Import profit on May 23 was - 139, a daily decrease of 749 and a weekly decrease of 901 [3] - Export profit on May 23 was - 576, a daily increase of 594 and a weekly increase of 868 [3] 2.3 Downstream Profits - Production Profits - Cis - butadiene production profit on May 23 was 179, a daily increase of 1,199 and a weekly increase of 1,456 [3] - Styrene - butadiene production profit on May 23 was 1,075, a daily increase of 650 and a weekly increase of 1,000 [3] - ABS production profit on May 23 was 418, a daily increase of 401 and a weekly increase of 837 [3] - SBS production profit (791 - H) on May 23 was 330, a daily decrease of 280 and a weekly increase of 200 [3] 2.4 Price Spreads - Inter - product Spreads - RU - BR on May 23 was 3,340, a daily increase of 470 [3] - NR - BR on May 23 was 1,085, a daily increase of 240 and a weekly increase of 515 [3] - Thai mixed - cis - butadiene on May 23 was 3,000, a daily increase of 800 and a weekly increase of 900 [3] - 3L - styrene - butadiene on May 23 was 3,450, a daily increase of 350 and a weekly increase of 600 [3] - Intra - product Spreads - Cis - butadiene standard - non - standard price spread on May 23 was 250, a daily increase of 50 and a weekly increase of 30 [3] - Styrene - butadiene 1502 - 1712 on May 23 was 1,700, a daily increase of 700 and a weekly increase of 700 [3]