Report Information - Report Title: Yong'an Synthetic Rubber Morning Report [2] - Research Team: Research Center Energy and Chemicals Team [3] - Report Date: July 24, 2025 [3] Core Data Summary BR (Butadiene Rubber) - Price and Volume Metrics: The closing price of the main contract was 11,875, a daily decrease of 225 and a weekly increase of 350; the position volume was 48,591, a daily decrease of 760 and a weekly increase of 27,888; the trading volume was 125,082, a daily increase (data not fully provided) and a weekly increase of 67,633; the warehouse receipt quantity was 9,840, a daily decrease of 10 and a weekly increase of 140; the virtual - real ratio was 24.69, a daily increase of 0 and a weekly increase of 14 [4]. - Basis and Spread Metrics: The butadiene basis was 25, a daily increase of 125 and a weekly increase of 50; the butadiene basis (two - oil) was 125, a daily increase of 225 and a weekly decrease of 50; the styrene - butadiene basis was 425, a daily increase of 225 and a weekly increase of 50; the 8 - 9 month spread was 35, a daily increase of 20 and a weekly decrease of 40; the 9 - 10 month spread was 20, a daily decrease of 5 and a weekly increase of 15 [4]. - Market Price Metrics: The Shandong market price was 11,900, a daily decrease of 100 and a weekly increase of 400; the Transfar market price was 11,750, a daily decrease of 150 and a weekly increase of 250; the Qilu ex - factory price was 12,000, with no daily change and a weekly increase of 300; CFR Northeast Asia was 1,450, with no daily change and a weekly increase (data not fully provided); CFR Southeast Asia was 1,730, with no daily and weekly change [4]. - Profit Metrics: The spot processing profit was - 194, a daily increase of 2 and a weekly decrease of 8; the on - disk processing profit was - 219, a daily decrease of 123 and a weekly decrease of 58; the import profit was - 85,824, a daily decrease of 9 and a weekly decrease of 1,981; the export profit was - 609, a daily increase of 78 and a weekly decrease of 174 [4]. BD (Butadiene) - Market Price Metrics: The Shandong market price was 9,700, a daily decrease of 100 and a weekly increase of 400; the Jiangsu market price was 9,600, a daily decrease of 50 and a weekly increase of 250; the Yangzi ex - factory price was 9,600, with no daily change and a weekly increase of 300; CFR China was 1,100, a daily increase of 50 and a weekly increase of 30 [4]. - Profit Metrics: The carbon - four extraction profit was N/A (previous value was 2,551); the butene oxidative dehydrogenation profit was 716, a daily decrease of 50 and a weekly increase of 460; the import profit was N/A (previous value was 986), a daily decrease of 447 and a weekly increase of 11; the export profit was - 1,476, a daily increase of 37 and a weekly decrease of 365 [4]. Downstream Products - Profit Metrics: The butadiene production profit was - 219, a daily decrease of 123 and a weekly decrease of 58; the styrene - butadiene production profit was 575, with no daily change and a weekly decrease of 75; the ABS production profit data was N/A; the SBS production profit (791 - H) was 590, with no daily change and a weekly decrease of 150 [4]. Variety Spreads - Inter - Variety Spreads: The RU - BR spread was - 33,586, a daily increase of 705 and a weekly decrease of 27,383; the NR - BR spread was - 35,816, a daily increase of 680 and a weekly decrease of 27,603; the Thai mixed - butadiene spread was 2,700, a daily increase of 50 and a weekly decrease of 100; the 3L - styrene - butadiene spread was 2,550, with no daily change and a weekly decrease of 100 [4]. - Intra - Variety Spreads: The butadiene standard - non - standard price spread was 250, with no daily change and a weekly increase of 50; the styrene - butadiene 1502 - 1712 spread was 1,100, with no daily and weekly change [4].
永安合成橡胶早报-20250724
Yong An Qi Huo·2025-07-24 00:42