Report Summary 1. Report Industry Investment Rating No information provided in the given content. 2. Core View of the Report No explicit core view is presented in the provided text. The report mainly presents a series of data on the synthetic rubber market, including prices, trading volumes, positions, and profit margins. 3. Summary by Relevant Catalogs a. BR (Butadiene Rubber) - Price and Position Data: On July 2, the closing price of the main contract was 11,260, with no daily change and a weekly increase of 35. The position of the main contract was 27,889, a daily increase of 478. The trading volume was 89,875, a daily decrease of 2,622 and a weekly increase of 52,061. The warehouse receipt quantity was 7,700, with no daily change and a weekly increase of 1,070 [4]. - Basis and Spread: The butadiene - styrene basis was 640 on July 2, a daily decrease of 50 and a weekly decrease of 35. The 7 - 8 spread was 150, with no daily or weekly change. The 8 - 9 spread was 82, a daily decrease of 15 and a weekly increase of 5 [4]. - Market Prices: The Shandong market price was 11,500 on July 2, a daily decrease of 50 and a weekly decrease of 50. The Chuanhua market price remained at 11,350, and the Qilu ex - factory price remained at 11,700 [4]. - Processing and Import - Export Profits: The spot processing profit was 248 on July 2, a daily increase of 282 and a weekly increase of 486. The futures processing profit was 8, a daily increase of 332 and a weekly increase of 571. The import profit was - 83,741, a daily decrease of 66 and a weekly increase of 103. The export profit was - 267, a daily increase of 45 and a weekly increase of 207 [4]. b. BD (Butadiene) - Market Prices: The Shandong market price on July 2 was 8,875, a daily decrease of 325 and a weekly decrease of 525. The Jiangsu market price was 8,950, a daily decrease of 200 and a weekly decrease of 400. The Yangzi ex - factory price remained at 9,200, with a weekly decrease of 400 [4]. - Processing and Import - Export Profits: The carbon - four extraction profit decreased from 2,790 to 2,116. The butene oxidation - dehydrogenation profit was - 284 on July 2, a daily decrease of 200 and a weekly decrease of 50. The import profit was - 121, a daily decrease of 121 and a weekly decrease of 224. The export profit was - 267, a daily increase of 45 and a weekly increase of 207 [4]. c. Downstream Profits - The butadiene - styrene production profit remained at 613 on July 2, with a weekly increase of 350. The SBS (791 - H) production profit was 840, with a weekly increase of 340 [4]. d. Inter - Variety Spreads - The RU - BR spread was - 13,764 on July 2, a daily decrease of 448 and a weekly decrease of 19,911. The NR - BR spread was - 15,614, a daily decrease of 513 and a weekly decrease of 19,801. The Thai mixed - butadiene spread was 2,450, a daily increase of 50 and a weekly increase of 300 [4]. e. Intra - Variety Spreads - The butadiene - styrene 1502 - 1712 spread was 1,100 on July 2, a daily decrease of 50 and no weekly change [4].
永安合成橡胶早报-20250703
Yong An Qi Huo·2025-07-03 02:13