Group 1: Report Information - The report is titled "Yong'an Synthetic Rubber Morning Report" and is from the Energy and Chemicals Team of the Research Center on July 31, 2025 [2][3] Group 2: BR (Butadiene Rubber) Data Analysis Contract and Position - On July 30, the closing price of the BR main contract was 11,775, a daily decrease of 60 and a weekly decrease of 100. The position was 39,690, a daily decrease of 1,446 and a weekly decrease of 8,901. The trading volume was 100,392, a daily decrease of 4,222 and a weekly decrease of 24,690. The warrant quantity was 10,190, with no daily change and a weekly increase of 350. The virtual - real ratio was 19.47, a daily decrease of 1 and a weekly decrease of 5 [4] Basis and Spread - The butadiene - styrene basis was 425 on July 30, a daily increase of 60 and no weekly change. The 8 - 9 month spread was - 50, a daily decrease of 20 and a weekly decrease of 85. The 9 - 10 month spread was - 5, a daily decrease of 5 and a weekly increase of 5 [4] Price and Market - The Shandong market price of BR was 11,800 on July 30, a daily decrease of 50 and a weekly decrease of 100. The Chuanhua market price was 11,800, with no daily change and a weekly increase of 50. The Qilu ex - factory price was 12,100, with no daily change and a weekly increase of 100 [4] Processing and Profit - The CFR Northeast Asia price was 1,475, with no daily or weekly change. The CFR Southeast Asia price was 1,750, with no daily change and a weekly increase of 20. The spot processing profit was 52, a daily increase of 52 and a weekly increase of 359. The on - screen processing profit was 140, a daily increase of 42 and a weekly increase of 359. The import profit was - 86,839, a daily decrease of 36 and a weekly decrease of 1,014. The export profit was - 332, a daily increase of 42 and a weekly increase of 277 [4] Group 3: BD (Butadiene) Data Analysis Price and Market - The Shandong market price of BD was 9,250 on July 30, a daily decrease of 100 and a weekly decrease of 450. The Jiangsu market price was 9,300, a daily decrease of 100 and a weekly decrease of 300. The Yangzi ex - factory price was 9,400, with no daily change and a weekly decrease of 200 [4] Processing and Profit - The CFR China price was 1,090, a daily decrease of 10 and a weekly decrease of 10. The carbon - four extraction profit was not available. The butene oxidative dehydrogenation profit was 276, a daily decrease of 100 and a weekly decrease of 440. The import profit was 310, a daily decrease of 18 and a weekly decrease of 228. The export profit was - 1,064, a daily increase of 86 and a weekly increase of 340 [4] Group 4: Downstream Profit Analysis - The butadiene - styrene production profit was 930, with no daily change and a weekly increase of 340. The ABS production profit was 232, a daily decrease of 22 and a weekly decrease of 94. The SBS production profit (791 - H) was 930, with no daily change and a weekly increase of 340 [4] Group 5: Inter - Variety Spread Analysis - On July 30, the RU - BR spread was - 24,745, a daily increase of 1,381 and a weekly increase of 8,841. The NR - BR spread was - 27,115, a daily increase of 1,351 and a weekly increase of 8,701. The Thai mixed - butadiene spread was 2,750, with no daily change and a weekly increase of 50. The 3L - butadiene - styrene spread was 2,700, a daily decrease of 50 and a weekly increase of 150 [4]
永安合成橡胶早报-20250731
Yong An Qi Huo·2025-07-31 00:20