合成橡胶早报-20250730

Report Overview - Report Title: Yong'an Synthetic Rubber Morning Report - Research Team: Energy and Chemicals Team of the Research Center - Report Date: July 30, 2025 - Data Sources: Mysteel, Wind [6][14] Report Industry Investment Rating No relevant content provided. Report's Core View No core view explicitly stated in the provided content. Summary by Relevant Catalogs 1. BR (Butadiene Rubber) a. Futures Market - The closing price of the main BR contract on July 29 was 11,835, a daily decrease of 120 and a decrease of 265 compared to an earlier period [3][11]. - The open interest of the main BR contract on July 29 was 41,136, a daily decrease of 3,967 and a decrease of 8,215 compared to an earlier period [3][11]. - The trading volume of the main BR contract on July 29 was 104,614, a daily decrease of 46,246 and a decrease of 16,773 compared to an earlier period [3][11]. b. Basis and Spread - The basis of cis - butadiene rubber decreased by 30 on a daily basis and increased by 115 compared to an earlier period; the basis of cis - butadiene rubber (two - oil) increased by 120 on a daily basis and 365 compared to an earlier period [3][11]. - The 8 - 9 month spread of BR increased by 5 on a daily basis and decreased by 45 compared to an earlier period; the 9 - 10 month spread increased by 5 on a daily basis and 5 compared to an earlier period [3][11]. c. Spot Market - The Shandong market price of BR on July 29 was 11,850, a daily decrease of 150 and a decrease of 150 compared to an earlier period [3][11]. - The Chuanhua market price of BR on July 29 was 11,800, a daily decrease of 100 and a decrease of 100 compared to an earlier period [3][11]. - The ex - factory price of Qilu BR on July 29 was 12,100, with no daily change and an increase of 100 compared to an earlier period [3][11]. d. Processing and Import - Export - The spot processing profit of BR on July 29 was 113, a daily increase of 3 and an increase of 309 compared to an earlier period [3][11]. - The on - screen processing profit of BR on July 29 was 98, a daily increase of 33 and an increase of 194 compared to an earlier period [3][11]. - The import profit of BR on July 29 was - 86,802, a daily decrease of 290 and a decrease of 987 compared to an earlier period [3][11]. - The export profit of BR on July 29 was - 375, a daily increase of 145 and an increase of 313 compared to an earlier period [3][11]. 2. BD (Butadiene) a. Spot Market - The Shandong market price of BD on July 29 was 9,350, a daily decrease of 150 and a decrease of 450 compared to an earlier period [3][11]. - The Jiangsu market price of BD on July 29 was 9,400, a daily decrease of 150 and a decrease of 250 compared to an earlier period [3][11]. - The ex - factory price of Yangzi BD on July 29 was 9,400, a daily decrease of 300 and a decrease of 200 compared to an earlier period [3][11]. b. Processing and Import - Export - The carbon tetrachloride extraction profit data of BD was unavailable on July 29 [3][11]. - The butene oxidative dehydrogenation profit of BD on July 29 was 376, a daily decrease of 150 and a decrease of 390 compared to an earlier period [3][11]. - The import profit of BD on July 29 was 328, a daily decrease of 163 and a decrease of 658 compared to an earlier period [3][11]. - The export profit of BD on July 29 was - 1,150, a daily increase of 141 and an increase of 291 compared to an earlier period [3][11]. 3. Downstream Profits - The production profit of styrene - butadiene rubber (SBR) on July 29 was 475, a daily increase of 225 and an increase of 350 compared to an earlier period [3][11]. - The production profit of ABS was unavailable on July 29 [3][11]. - The production profit of SBS (791 - H) on July 29 was 930, a daily increase of 210 and an increase of 340 compared to an earlier period [3][11]. 4. Price Spreads a. Inter - variety Spreads - The RU - BR spread on July 29 was - 26,126, a daily increase of 3,912 and an increase of 8,165 compared to an earlier period [3][11]. - The NR - BR spread on July 29 was - 28,466, a daily increase of 3,827 and an increase of 8,030 compared to an earlier period [3][11]. - The Thai mixed - cis - butadiene spread on July 29 was 2,750, a daily increase of 50 and an increase of 100 compared to an earlier period [3][11]. - The 3L - SBR spread on July 29 was 2,750, a daily increase of 100 and an increase of 200 compared to an earlier period [3][11]. b. Intra - variety Spreads - The spread between standard and non - standard cis - butadiene rubber remained unchanged at 250 [3][11]. - The spread between SBR 1502 and 1712 on July 29 was 1,100, a daily decrease of 100 and no change compared to an earlier period [3][11].