永安合成橡胶早报-20250814

Report Overview - Report Name: Yongan Synthetic Rubber Morning Report [2] - Research Team: Research Center Energy and Chemicals Team - Date: August 14, 2025 [3] - Data Sources: Mysteel, Wind [10] Report Industry Investment Rating - No investment rating information is provided in the report. Report Core View - No core view is explicitly stated in the report. The report mainly presents data on the synthetic rubber market, including prices, positions, trading volumes, and profit margins. Summary by Relevant Catalog BR (Butadiene Rubber) 1. Futures Contract Information - Closing Price: The closing price of the main contract on August 13 was 11,750, a daily decrease of 75 and a weekly increase of 245 compared to July 14 [4]. - Open Interest: The open interest of the main contract on August 13 was 26,557, a daily decrease of 130 and a weekly decrease of 1,530 [4]. - Trading Volume: The trading volume of the main contract on August 13 was 80,181, a daily increase of 20,136 and a weekly increase of 28,602 [4]. - Warehouse Receipts: The number of warehouse receipts on August 13 was 10,470, with no daily change and a weekly increase of 160 [4]. - Virtual - Physical Ratio: The virtual - physical ratio on August 13 was 12.68, with no daily change and a weekly decrease of 1 [4]. 2. Basis and Spread - Cis - Butadiene Basis: The cis - butadiene basis on August 13 was 100, a daily increase of 175 and a weekly increase of 5 [4]. - Cis - Butadiene Basis (Two - Oil): The cis - butadiene basis (two - oil) on August 13 was - 50, a daily increase of 75 and a weekly decrease of 45 [4]. - Styrene - Butadiene Basis: The styrene - butadiene basis on August 13 was 550, a daily increase of 125 [4]. - 8 - 9 Month Spread: The 8 - 9 month spread on August 13 was 70, a daily increase of 75 and a weekly increase of 15 [4]. - 9 - 10 Month Spread: The 9 - 10 month spread on August 13 was - 15, a daily decrease of 20 and a weekly decrease of 20 [4]. 3. Price Information - Shandong Market Price: The Shandong market price on August 13 was 11,850, a daily increase of 100 and a weekly increase of 250 [4]. - Chuanhua Market Price: The Chuanhua market price on August 13 was 11,850, a daily increase of 150 and a weekly increase of 350 [4]. - Qilu Factory Price: The Qilu factory price on August 13 was 11,700, with no daily change and a weekly increase of 200 [4]. - CFR Northeast Asia: The CFR Northeast Asia price on August 13 was 1,450, with no daily or weekly change [4]. - CFR Southeast Asia: The CFR Southeast Asia price on August 13 was 1,735, with no daily change and a weekly decrease of 15 [4]. 4. Processing and Import - Export - Spot Processing Profit: The spot processing profit on August 13 was - 15, a daily increase of 64 and a weekly increase of 148 [4]. - Futures Processing Profit: The futures processing profit on August 13 was - 115, a daily decrease of 111 and a weekly increase of 143 [4]. - Import Profit: The import profit on August 13 was - 83,634, a daily increase of 1 and a weekly decrease of 1,367 [4]. - Export Profit: The export profit on August 13 was - 546, a daily decrease of 94 and a weekly decrease of 218 [4]. BD (Butadiene) 1. Price Information - Shandong Market Price: The Shandong market price on August 13 was 9,475, a weekly increase of 100 [4]. - Jiangsu Market Price: The Jiangsu market price on August 13 was 9,400, a daily increase of 50 and a weekly increase of 50 [4]. - Yangzi Factory Price: The Yangzi factory price on August 13 was 9,400, with no daily or weekly change [4]. - CFR China: The CFR China price on August 13 was 1,070, with no daily change and a weekly decrease of 10 [4]. 2. Processing and Import - Export - Carbon Four Extraction Profit: The carbon four extraction profit on August 11 was 2,338 [4]. - Butene Oxidative Dehydrogenation Profit: The butene oxidative dehydrogenation profit on August 13 was 306, a daily increase of 50 and a weekly decrease of 20 [4]. - Import Profit: The import profit on August 13 was 564, a daily increase of 56 and a weekly increase of 132 [4]. - Export Profit: The export profit on August 13 was - 1,144, a daily decrease of 49 and a weekly increase of 100 [4]. 3. Downstream Profit - Cis - Butadiene Production Profit: The cis - butadiene production profit on August 13 was - 115, a daily decrease of 111 and a weekly increase of 143 [4]. - Styrene - Butadiene Production Profit: The styrene - butadiene production profit on August 13 was 750, with no daily change and a weekly increase of 200 [4]. - ABS Production Profit: Data on August 11 and later is N/A [4]. - SBS Production Profit (791 - H): The SBS production profit (791 - H) on August 13 was 1,145, a daily decrease of 15 and a weekly increase of 185 [4]. Spread 1. Inter - Variety Spread - RU - BR: The RU - BR spread on August 13 was - 10,757, a daily increase of 70 and a weekly increase of 1,832 [4]. - NR - BR: The NR - BR spread on August 13 was - 13,947, a daily increase of 75 and a weekly increase of 1,820 [4]. - Thai Mixed - Cis - Butadiene: The Thai mixed - cis - butadiene spread on August 13 was 2,750, a daily decrease of 120 and a weekly increase of 30 [4]. - 3L - Styrene - Butadiene: The 3L - styrene - butadiene spread on August 13 was 2,500, a daily decrease of 100 and a weekly decrease of 150 [4]. 2. Intra - Variety Spread - Cis - Butadiene Standard - Non - Standard Price Difference: The cis - butadiene standard - non - standard price difference on August 13 was 150, a daily decrease of 50 and a weekly decrease of 100 [4]. - Styrene - Butadiene 1502 - 1712: The styrene - butadiene 1502 - 1712 spread on August 13 was 1,000, with no daily change and a weekly decrease of 150 [4].