合成橡胶早报-20250819

Report Information - Report Title: Yongan Synthetic Rubber Morning Report - Research Team: Energy and Chemicals Team of the Research Center - Report Date: August 19, 2025 - Data Sources: Mysteel, Wind [2][11][20] Core Data Summary BR (Butadiene Rubber) - Contract and Market Indicators: On August 18, the closing price of the main contract was 11,800, a daily decrease of 15 and a weekly increase of 15; the position volume was 17,454, a daily decrease of 2,902 and a weekly decrease of 10,634; the trading volume was 57,039, a daily decrease of 6,226 and a weekly decrease of 81,276; the warehouse receipt quantity remained unchanged at 10,470; the virtual - real ratio was 8.34, a daily decrease of 1 and a weekly decrease of 5 [3][12][21]. - Basis and Spread: The butadiene basis was - 50, with a daily and weekly change not clearly defined; the butadiene basis (two - oil) was 100, a daily increase of 115 and a weekly increase of 185; the styrene - butadiene basis was 550, a daily increase and a weekly increase of 185; the 8 - 9 month spread was 125, a daily increase of 60 and a weekly increase of 115; the 9 - 10 month spread was - 5, with no daily change and a weekly decrease of 5 [3][12][21]. - Market Prices: The Shandong market price was 11,750, a daily and weekly increase of 50; the Transfar market price was 11,700, a daily increase of 100 and no weekly change; the Qilu ex - factory price was 11,900, a daily increase of 100 and a weekly increase of 200; CFR Northeast Asia was 1,450, with no daily or weekly change; CFR Southeast Asia was 1,735, with no daily change and a weekly decrease of 15 [3][12][21]. - Profit Indicators: The spot processing profit was - 79, a daily decrease of 42 and a weekly increase of 111; the disk processing profit was - 29, a daily decrease of 107 and a weekly increase of 76; the import profit was - 85,265, a daily decrease of 690 and a weekly decrease of 1,418; the export profit was - 469, a daily decrease of 51 and a weekly decrease of 60 [3][12][21]. BD (Butadiene) - Market Prices: The Shandong market price was 9,440, a daily increase of 90 and a weekly decrease of 60; the Jiangsu market price was 9,400, a daily increase of 100; the Yangzi ex - factory price was 9,400, with no daily or weekly change; CFR China was 1,080, a daily and weekly increase of 10 [3][12][21]. - Profit Indicators: The carbon - four extraction profit data was unavailable; the butene oxidative dehydrogenation profit was 306, a daily increase of 100 and no weekly change; the import profit was 491, a daily increase and a weekly decrease of 67; the export profit was - 1,151, a daily decrease of 92 and a weekly increase of 132 [3][12][21]. Downstream Products - Profit Indicators: The butadiene - styrene production profit was 938, a daily increase of 100 and a weekly increase of 188; the ABS production profit data was partially unavailable; the SBS production profit (791 - H) was 1,145, with no daily change and a weekly increase of 185 [3][12][21]. Variety Spreads - Inter - Variety Spreads: RU - BR was - 1,634, a daily increase of 2,817 and a weekly increase of 10,699; NR - BR was - 4,804, a daily increase of 2,842 and a weekly increase of 10,664; Thai mixed - butadiene was 2,850, a daily decrease of 100 and a weekly decrease of 30; 3L - styrene - butadiene was 2,500, a daily decrease of 150 and a weekly decrease of 200 [3][12][21]. - Intra - Variety Spreads: The butadiene standard - non - standard price difference was 150, a daily decrease of 50 and no weekly change; the styrene - butadiene 1502 - 1712 was 1,100, a daily increase of 100 and a weekly increase of 150 [3][12][21].