永安合成橡胶早报-20250605

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report No clear core view presented in the given content. The report mainly presents a large amount of data on the synthetic rubber market, including prices, trading volumes, and profit margins. 3. Summary by Relevant Catalog a. BR (Butadiene Rubber) - Price and Volume Indicators: - The closing price of the BR main contract on June 4 was 11,095, down 50 from the previous day and showing a certain change compared to earlier dates [3]. - The main contract's open interest was 27,683, a decrease of 734 from the previous day and 15,981 from the previous week [3]. - The trading volume of the main contract was 129,848, a decrease of 21,475 from the previous day and 38,879 from the previous week [3]. - The warehouse receipt quantity was 11,900, a decrease of 370 from the previous day but an increase of 2,000 from the previous week [3]. - Price Structure and Spreads: - The basis (cis - BR) was -135 on June 4, a significant decrease of 390 from the previous day and 335 from the previous week [3]. - The basis (styrene - butadiene - BR) was 265, a decrease of 540 from the previous day and 735 from the previous week [3]. - The monthly spread (06 - 07) was 105, an increase of 130 from the previous day and 160 from the previous week [3]. - The monthly spread (07 - 08) was 160, an increase of 10 from the previous day [3]. - Market Prices and Profits: - The market prices in Shandong, Zhejiang, and the ex - factory price in Qilu all showed significant increases, with the Shandong market price reaching 13,650, an increase of 2,150 from the previous day and 2,100 from the previous week [3]. - The CFR Northeast Asia price was 1,750, an increase of 200 from the previous week [3]. - The spot processing profit was 179, an increase of 773 from the previous day and 672 from the previous week [3]. - The import profit was -1,214, an increase of 481 from the previous day and 397 from the previous week [3]. - The export profit was 1,981, a decrease of 562 from the previous day and 491 from the previous week [3]. b. BD (Butadiene) - Price and Profit Indicators: - The market prices in Shandong, Jiangsu, and the ex - factory price in Yangzi all increased. The Shandong market price reached 11,050, an increase of 1,350 from the previous day and 1,400 from the previous week [3]. - The CFR China price was 11,082, an increase of 1,390 from the previous week [3]. - The carbon - four extraction profit was 3,459, an increase of 644 from the previous day and 513 from the previous week [3]. - The butene oxidative dehydrogenation profit was 816, a decrease of 90 from the previous day but an increase of 130 from the previous week [3]. - The import profit was -139, a decrease of 301 from the previous day but an increase of 23 from the previous week [3]. - The export profit was -576, an increase of 245 from the previous day but a decrease of 39 from the previous week [3]. c. Downstream Profits - The ABS production profit was 418, showing a significant change compared to previous data (previously -73) [3]. - The SBS production profit (791 - H) was 330, a decrease of 170 from the previous day and 630 from the previous week [3]. d. Price Spreads - Inter - variety Spreads: - The RU - BR spread was 3,340, an increase of 1,080 from the previous day [3]. - The NR - BR spread was 1,085, an increase of 365 from the previous day [3]. - The Thai mixed - cis butadiene spread was 3,000, an increase of 1,050 from the previous day [3]. - The 3L - styrene - butadiene spread was 3,450, an increase of 500 from the previous day [3]. - Intra - variety Spreads: - The spread between the standard and non - standard cis butadiene was 250, an increase of 50 from the previous day [3]. - The spread between styrene - butadiene 1502 and 1712 was 1,700, an increase of 650 from the previous day [3].