永安合成橡胶早报-20250821

Group 1: Report Information - Report Name: "Yongan Synthetic Rubber Morning Report" [2] - Research Team: Research Center Energy and Chemicals Team [3] - Report Date: August 21, 2025 [3] Group 2: BR Contract Overview - On August 20, the closing price of the BR main contract was 11,715, a daily decrease of 125 and a weekly decrease of 35 [4] - The open interest of the main contract was 35,691, a daily decrease of 89 [4] - The trading volume of the main contract was 169,064, a daily increase of 67,123 and a weekly increase of 88,883 [4] - The number of warehouse receipts was 12,190, a daily decrease of 30 and a weekly increase of 1,720 [4] - The long - short ratio was 14.64, with no daily change and a weekly increase of 2 [4] Group 3: BR Price and Basis - The Shandong market price was 11,600, a daily decrease of 150 and a weekly decrease of 200 [4] - The Chuanhua market price was 11,500, a daily decrease of 250 and a weekly decrease of 200 [4] - The Qilu ex - factory price was 11,900, with no daily change and a weekly increase of 100 [4] - The CFR Northeast Asia price was 1,450, with no daily or weekly change [4] - The CFR Southeast Asia price was 1,725, with no daily change and a weekly decrease of 10 [4] - The butadiene - styrene basis was 435, a daily decrease of 75 and a weekly decrease of 115 [4] - The 8 - 9 month spread was - 80, a daily decrease of 175 and a weekly decrease of 150 [4] - The 9 - 10 month spread was - 10, with no daily change and a weekly increase of 5 [4] Group 4: BR Processing and Trade - The spot processing profit was - 76, a daily increase of 13 and a weekly decrease of 11 [4] - The on - screen processing profit was 39, a daily increase of 38 and a weekly increase of 154 [4] - The import profit was - 85,491, a daily decrease of 173 and a weekly decrease of 996 [4] - The export profit was - 330, a daily increase of 133 and a weekly increase of 172 [4] Group 5: BD Price and Profit - The Shandong market price of BD was 9,290, a daily decrease of 160 and a weekly decrease of 185 [4] - The Jiangsu market price of BD was 9,250, a daily decrease of 100 and a weekly decrease of 150 [4] - The Yangzi ex - factory price of BD was 9,400, with no daily or weekly change [4] - The CFR China price of BD was 1,080, with no daily change and a weekly increase of 10 [4] - The carbon four extraction profit of BD was not available for the latest data [4] - The butene oxidative dehydrogenation profit of BD was 156, a daily decrease of 100 and a weekly decrease of 150 [4] - The import profit of BD was 338, a daily decrease of 102 and a weekly decrease of 230 [4] - The export profit of BD was - 943, a daily increase of 161 and a weekly increase of 345 [4] Group 6: Downstream Profit - The butadiene - styrene production profit was 938 [4] - The ABS production profit data was not available for the latest period [4] - The SBS (791 - H) production profit was 1,145, with no daily or weekly change [4] Group 7: Price Spreads - The RU - BR spread was - 20,016, a daily decrease of 111 and a weekly decrease of 9,259 [4] - The NR - BR spread was - 23,166, a daily decrease of 76 and a weekly decrease of 9,219 [4] - The Thai mixed - butadiene spread was 2,930, a daily increase of 30 and a weekly increase of 130 [4] - The 3L - butadiene - styrene spread was 2,700, a daily increase of 150 and a weekly increase of 200 [4] - The butadiene standard - non - standard price spread was 150, with no daily change and a weekly decrease of 50 [4] - The butadiene - styrene 1502 - 1712 spread was 950, a daily decrease of 50 and a weekly decrease of 50 [4]