Report Overview - Report Title: "Yongan Synthetic Rubber Morning Report" [2] - Report Date: August 18, 2025 [3] - Research Team: Energy and Chemicals Team of the Research Center [3] 1. BR (Butadiene Rubber) 1.1 BR Futures Contract Overview - The closing price of the main contract on August 15 was 11,815, a daily increase of 170 and a weekly increase of 300 [4]. - The open interest of the main contract on August 15 was 20,356, a daily decrease of 3,317 and a weekly decrease of 5,269 [4]. 1.2 BR Price Structure - Shandong market price on August 15 was 11,700, unchanged from the previous day and a weekly increase of 100 [4]. - Qilu Petrochemical ex - factory price on August 15 was 11,800, unchanged from the previous day and a weekly increase of 300 [4]. - CFR Northeast Asia was 1,450, unchanged from the previous day and the week [4]. - CFR Southeast Asia was 1,735, unchanged from the previous day and a weekly decrease of 15 [4]. 1.3 BR Processing and Import - Export - Spot processing profit on August 15 was - 37, a daily increase of 51 and a weekly increase of 126 [4]. - Futures processing profit on August 15 was 78, a daily increase of 221 and a weekly increase of 326 [4]. - Import profit on August 15 was - 84,551, a daily decrease of 27 and a weekly decrease of 2,287 [4]. - Export profit on August 15 was - 420, a daily increase of 3 and a weekly decrease of 92 [4]. 1.4 BR Spreads - The basis between butadiene - styrene rubber and BR on August 15 was 385, a daily decrease of 220 and a weekly decrease of 150 [4]. - The 8 - 9 month spread on August 15 was - 190, a daily decrease of 190 and a weekly decrease of 40 [4]. - The 9 - 10 month spread on August 15 was - 5, a daily decrease of 5 and a weekly decrease of 20 [4]. 2. BD (Butadiene) 2.1 BD Price Structure - Shandong market price on August 15 was 9,350, a daily decrease of 50 and a weekly decrease of 25 [4]. - Jiangsu market price on August 15 was 9,300, unchanged from the previous day and the week [4]. - Yangzi Petrochemical ex - factory price on August 15 was 9,400, unchanged from the previous day and the week [4]. - CFR China was 1,070, unchanged from the previous day and a weekly decrease of 10 [4]. 2.2 BD Processing and Import - Export - Carbon four extraction profit on August 15 was N/A [4]. - Butene oxidative dehydrogenation profit on August 15 was 206, unchanged from the previous day and the week [4]. - Import profit on August 15 was 468, a daily decrease of 2 and a weekly increase of 86 [4]. - Export profit on August 15 was - 1,061, a daily increase of 0 and a weekly increase of 140 [4]. 2.3 BD Downstream Profits - Butadiene - styrene rubber production profit on August 15 was 838, unchanged from the previous day and a weekly increase of 288 [4]. - ABS production profit on August 15 was N/A [4]. - SBS (791 - H) production profit on August 15 was 1,145, unchanged from the previous day and a weekly increase of 185 [4]. 3. Inter - and Intra - Product Spreads 3.1 Inter - Product Spreads - The spread between Thai mixed rubber and butadiene rubber on August 15 was 2,950, a daily increase of 230 and a weekly increase of 170 [4]. - The spread between 3L rubber and butadiene - styrene rubber on August 15 was 2,650, a daily increase of 200 and a weekly increase of 50 [4]. 3.2 Intra - Product Spreads - The spread between standard and non - standard butadiene rubber on August 15 was 200, unchanged from the previous day and a weekly decrease of 50 [4]. - The spread between butadiene - styrene rubber 1502 and 1712 on August 15 was 1,000, unchanged from the previous day and a weekly decrease of 50 [4].
永安合成橡胶早报-20250818
Yong An Qi Huo·2025-08-18 03:15