永安合成橡胶早报-20250612

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - Not provided in the given content 3. Summary by Relevant Catalogs 3.1 Contract Information - The closing price of the main contract was 11,225 on 6/11, a decrease of 5 from the previous day and an increase of 130 compared to 5/12 [3] - The open interest of the main contract was 22,765 on 6/11, an increase of 1,057 from the previous day and a decrease of 4,918 compared to 5/12 [3] - The trading volume of the main contract was 112,068 on 6/11, an increase of 7,471 from the previous day and a decrease of 17,780 compared to 5/12 [3] 3.2 Basis and Spread - The basis of cis - butadiene rubber (BR) and the spread between different months showed various changes. For example, the 6 - 7 month spread was -10 on 6/11, a change of -145 compared to 5/12; the 7 - 8 month spread was 180 on 6/11, an increase of 10 from the previous day and 20 compared to 5/12 [3] - The basis differences between different types of rubbers, such as the difference between cis - butadiene and styrene - butadiene rubber, also changed. The styrene - butadiene basis was 575 on 6/11, a decrease of 45 from the previous day and 80 compared to 5/12 [3] 3.3 Spot Market - The market prices of BR in Shandong and Zhejiang's Chuanhua, as well as the ex - factory price of Qilu Petrochemical, had different trends. The Shandong market price was 11,550 on 6/11, a decrease of 50 from the previous day but an increase of 150 compared to 5/12 [3] - CFR prices in Northeast Asia and Southeast Asia remained stable on 6/11 compared to the previous day, with decreases of 75 and 25 respectively compared to 5/12 [3] 3.4 Processing and Import - Export - The spot processing profit of BR was -136 on 6/11, an increase of 103 from the previous day and 201 compared to 5/12; the disk processing profit was -461 on 6/11, an increase of 148 from the previous day and 181 compared to 5/12 [3] - The import profit of BR was -83,084 on 6/11, an increase of 42 from the previous day but a decrease of 1,377 compared to 5/12; the export profit was -289 on 6/11, an increase of 34 from the previous day but a decrease of 680 compared to 5/12 [3] 3.5 Butadiene (BD) Information - The market prices of BD in Shandong and Jiangsu, as well as the ex - factory price of Yangzi Petrochemical, had different changes. The Shandong market price was 9,300 on 6/11, a decrease of 150 from the previous day and 50 compared to 5/12 [3] - The CFR price of BD in China was 1,080 on 6/11, a decrease of 20 from the previous day and 70 compared to 5/12 [3] - The profit of BD extraction from C4 and butylene oxidative dehydrogenation also changed. The profit of butylene oxidative dehydrogenation was 126 on 6/11, a decrease of 220 from the previous day and 510 compared to 5/12 [3] 3.6 Downstream Profit - The production profits of downstream products such as ABS, SBS, and the production profits of BR and styrene - butadiene rubber also showed different trends. The styrene - butadiene production profit was 488 on 6/11, an increase of 225 from the previous day and 400 compared to 5/12 [3] 3.7 Spread between Varieties - The spreads between different rubber varieties, such as the spread between Thai mixed rubber and cis - butadiene rubber, and the spread between 3L and styrene - butadiene rubber, changed. The spread between Thai mixed rubber and cis - butadiene rubber was 2,280 on 6/11, an increase of 140 from the previous day and 80 compared to 5/12 [3]