永安合成橡胶早报-20250527

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View There is no explicit core view presented in the given content. The report mainly provides detailed data on the synthetic rubber market, including prices, trading volumes, positions, and profit margins for different types of synthetic rubber and related products. 3. Summary by Relevant Catalog a. BR (Butadiene Rubber) - Price and Market Data: The closing price of the main contract on May 26 was 11,545, a daily decrease of 352 and a weekly decrease (not fully shown). The market prices in Shandong, Zhejiang, and the factory - price in Qilu all increased compared to previous dates. For example, the Shandong market price reached 13,650 on May 26, with a daily increase of 1,450 and a weekly increase of 1,150 [3]. - Position and Volume: The main contract's open interest on May 26 was 52,885, a daily increase of 37,821 and a weekly increase of 33,356. The trading volume was 175,284, a daily increase of 77,671 and a weekly increase of 51,063 [3]. - Basis and Spread: The basis (cis - BR) was - 135 on May 26, with a daily decrease of 435 and a weekly decrease of 295. The month - spread (06 - 07) was - 65, with a daily increase of 50 and a weekly increase of 15 [3]. - Profit Margins: The spot processing profit was 179 on May 26, a daily increase of 1,093 and a weekly increase of 1,329. The import profit was - 1,214, a daily decrease of 796 and a weekly decrease of 1,381 [3]. b. BD (Butadiene) - Price and Market Data: The market prices in Shandong, Jiangsu, and the factory - price in Yangzi all showed certain changes. For example, the Shandong market price on May 26 was 11,050, a daily increase of 350 and a weekly decrease of 175 [3]. - Profit Margins: The carbon - four extraction profit was 3,459 on May 26, a daily decrease of 16 and a weekly decrease of 600. The butene oxidation dehydrogenation profit was 816, a daily decrease of 840 [3]. c. Downstream Products - Profit Margins: The production profits of downstream products such as ABS, SBS, and others also changed. For example, the ABS production profit on May 26 was 418, a daily increase of 380 and a weekly increase of 805 [3]. d. Variety Spreads - Inter - Variety Spreads: The spreads between different varieties, such as RU - BR, NR - BR, and Thai mixed - cis, all showed changes. For example, the RU - BR spread on May 26 was 3,340, a daily increase of 420 and a weekly increase of 575 [3]. - Intra - Variety Spreads: The spreads within the same variety, such as the cis - standard non - standard price spread and the styrene - butadiene 1502 - 1712 spread, also changed. For example, the styrene - butadiene 1502 - 1712 spread on May 26 was 1,700, a significant change compared to previous dates [3].