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永安合成橡胶早报-20250815
Yong An Qi Huo·2025-08-14 23:49

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No clear core viewpoints are presented in the given content. It mainly provides data on the synthetic rubber market, including prices, volumes, and profit margins. 3. Summary by Directory BR (Butadiene Rubber) - Prices and Volumes: The closing price of the BR main contract on August 14 was 11,645, a daily decrease of 105 and a weekly increase of 110. The position volume decreased by 2,884 daily and 2,783 weekly to 23,673. The trading volume decreased by 12,028 daily but increased by 8,042 weekly to 68,153. The number of warehouse receipts remained unchanged at 10,470, with a weekly increase of 160 [4]. - Basis and Spread: The virtual - real ratio decreased by 1 daily and 2 weekly to 11.31. The butadiene basis (two - oil) increased by 105 daily and 190 weekly to 155. The 8 - 9 spread increased by 185 daily and 325 weekly [4]. - Market Prices: The Shandong market price decreased by 100 daily but increased by 150 weekly to 11,700. The Chuanhua market price decreased by 50 daily and increased by 200 weekly to 11,650. The Qilu ex - factory price remained unchanged at 11,800, with a weekly increase of 300 [4]. - Profit Margins: The spot processing profit decreased by 24 daily but increased by 125 weekly to - 88. The on - disk processing profit decreased by 29 daily and increased by 89 weekly to - 143. The import profit increased by 14 daily but decreased by 2,201 weekly to - 84,482. The export profit increased by 75 daily and decreased by 139 weekly to - 427 [4]. BD (Butadiene) - Market Prices: The Shandong market price decreased by 75 daily and increased by 25 weekly to 9,400. The Jiangsu market price decreased by 100 daily and remained unchanged weekly at 9,300. The Yangzi ex - factory price remained unchanged at 9,400 [4]. - Profit Margins: The carbon - four extraction profit was not available for the latest data, with previous values showing an upward trend. The butene oxidative dehydrogenation profit decreased by 100 daily and remained unchanged weekly at 206. The import profit decreased by 90 daily and increased by 89 weekly to 475. The export profit increased by 78 daily and 137 weekly to - 1,066 [4]. Downstream Profits - The butadiene - styrene production profit remained unchanged at 838, with a weekly increase of 288. The ABS production profit increased by 249 daily and remained unchanged weekly at 221. The SBS (791 - H) production profit remained unchanged at 1,145, with a weekly increase of 185 [4]. Spreads - Inter - Variety Spreads: The RU - BR spread increased by 2,719 daily and 2,893 weekly to - 8,038. The NR - BR spread increased by 2,764 daily and 2,923 weekly to - 11,183. The Thai mixed - butadiene spread decreased by 80 daily and 80 weekly to 2,720. The 3L - butadiene - styrene spread decreased by 50 daily and 150 weekly to 2,450 [4]. - Intra - Variety Spreads: The butadiene standard - non - standard price spread remained unchanged at 200. The butadiene - styrene 1502 - 1712 spread remained unchanged at 1,000, with a weekly decrease of 100 [4].