Report Information - Report Name: Yongan Synthetic Rubber Morning Report [2] - Research Team: Research Center Energy and Chemicals Team [3] - Report Date: August 20, 2025 [3] Key Points 1. BR Main Contract Market Overview - The closing price of the main contract on August 19 was 11,840, up 40 from the previous day and 90 from July 18 [4]. - The open interest of the main contract on August 19 was 35,780, an increase of 18,326 from the previous day [4]. - The trading volume of the main contract on August 19 was 101,941, an increase of 44,902 from the previous day and 41,896 from July 18 [4]. - The number of warehouse receipts on August 19 was 12,220, an increase of 1,750 from the previous day and July 18 [4]. - The virtual - to - physical ratio on August 19 was 14.64, up 6 from the previous day and 2 from July 18 [4]. 2. Basis and Spread - The butadiene styrene basis on August 19 was 510, down 40 from the previous day but up 85 from July 18 [4]. - The 8 - 9 month spread on August 19 was 95, down 30 from the previous day but up 100 from July 18 [4]. - The 9 - 10 month spread on August 19 was - 5, down 10 from the previous day and 5 from July 18 [4]. 3. Price Information - The Shandong market price of BR on August 19 was 11,750, unchanged from the previous day and July 18 [4]. - The Chuanhua market price of BR on August 19 was 11,750, up 50 from the previous day and July 18 [4]. - The Qilu ex - factory price of BR on August 19 was 11,900, unchanged from the previous day but up 200 from July 18 [4]. 4. Processing and Import - Export Profits - The spot processing profit of BR on August 19 was - 89, down 10 from the previous day and July 18 [4]. - The import profit of BR on August 19 was - 85,345, down 80 from the previous day and 1,542 from July 18 [4]. - The export profit of BR on August 19 was - 460, up 8 from the previous day but down 8 from July 18 [4]. 5. Other Product Information - The carbon four extraction profit of butadiene on August 18 was 2,316, with data for August 19 not available [4]. - The butene oxidative dehydrogenation profit of butadiene on August 19 was 306, unchanged from the previous day but up 50 from July 18 [4]. - The import profit of butadiene on August 19 was 434, down 57 from the previous day and 74 from July 18 [4]. - The export profit of butadiene on August 19 was - 1,102, up 49 from the previous day and 138 from July 18 [4]. 6. Production Profits - The production profit of BR on August 19 was 78, up 30 from the previous day and 5 from July 18 [4]. - The production profit of styrene - butadiene rubber on August 19 was 938, unchanged from the previous day but up 188 from July 18 [4]. - The production profit of SBS (791 - H) on August 19 was 1,145, unchanged from the previous day but down 15 from July 18 [4]. 7. Price Spreads between Varieties - The price spread between Thai mixed rubber and BR on August 19 was 2,900, up 50 from the previous day and 30 from July 18 [4]. - The price spread between 3L and styrene - butadiene rubber on August 19 was 2,550, up 50 from the previous day but down 50 from July 18 [4]. - The price spread between standard and non - standard BR on August 19 was 150, unchanged from the previous day but down 50 from July 18 [4]. - The price spread between styrene - butadiene 1502 and 1712 on August 19 was 1,000, down 100 from the previous day but unchanged from July 18 [4].
永安合成橡胶早报-20250820
Yong An Qi Huo·2025-08-19 23:51