永安合成橡胶早报-20250827

Report Overview - Report Title: Yong'an Synthetic Rubber Morning Report [2] - Research Team: Research Center Energy and Chemicals Team [3] - Report Date: August 27, 2025 [3] Report Industry Investment Rating - Not provided in the given content Report's Core View - Not provided in the given content Summary According to Relevant Catalogs BR (Butadiene Rubber) - Price and Volume Indicators: On August 26, the closing price of the main contract was 11,845, down 165 from the previous day and up 5 week - on - week; the position volume was 43,120, down 3,582 from the previous day and up 7,340 week - on - week; the trading volume was 112,447, down 42,957 from the previous day and up 10,506 week - on - week; the warrant quantity was 12,470, unchanged from the previous day and up 250 week - on - week; the long - short ratio was 17.29, down 1 from the previous day and up 3 week - on - week [4]. - Basis and Spread: The butadiene rubber basis was 105, up 215 from the previous day; the 8 - 9 month spread was 175, up 155 from the previous day and up 80 week - on - week; the 9 - 10 month spread was - 15, up 10 from the previous day and down 5 week - on - week [4]. - Market Prices: The Shandong market price was 11,950, up 50 from the previous day and up 200 week - on - week; the Transfar market price was 11,850, up 100 from the previous day and up 100 week - on - week; the Qilu ex - factory price was 12,100, up 200 from the previous day and up 200 week - on - week [4]. - Processing and Import - Export Profits: The spot processing profit was 0, down 1 from the previous day and up 98 week - on - week; the disk processing profit was - 96, down 216 from the previous day and down 97 week - on - week; the import profit was - 86,340, down 1,375 from the previous day and down 1,022 week - on - week; the export profit was - 499, up 116 from the previous day and down 36 week - on - week [4]. BD (Butadiene) - Market Prices: The Shandong market price was 9,550, up 50 from the previous day and up 100 week - on - week; the Jiangsu market price was 9,500, up 50 from the previous day and up 150 week - on - week; the Yangzi ex - factory price was 9,500, up 100 from the previous day and up 100 week - on - week; the CFR China price was 1,095, unchanged from the previous day and up 15 week - on - week [4]. - Processing and Import - Export Profits: The carbon four extraction profit was not available; the butene oxidative dehydrogenation profit was 406, up 50 from the previous day and up 150 week - on - week; the import profit was 501, up 67 from the previous day and up 64 week - on - week; the export profit was - 1,192, down 28 from the previous day and down 88 week - on - week [4]. Downstream Profits - The butadiene rubber production profit was - 96, down 216 from the previous day and down 97 week - on - week; the styrene - butadiene rubber production profit was 1,063, up 125 from the previous day and up 125 week - on - week; the ABS production profit was not available; the SBS (791 - H) production profit was 1,075, down 70 from the previous day and down 70 week - on - week [4]. Variety Spreads - Inter - Variety Spreads: The RU - BR spread was - 27,235, up 3,592 from the previous day and down 7,330 week - on - week; the NR - BR spread was - 30,330, up 3,590 from the previous day and down 7,240 week - on - week; the Thai mixed - butadiene rubber spread was 2,850, down 100 from the previous day and down 50 week - on - week; the 3L - styrene - butadiene rubber spread was 2,600, down 150 from the previous day and up 50 week - on - week [4]. - Intra - Variety Spreads: The butadiene rubber standard - non - standard price spread was 250, unchanged from the previous day and up 100 week - on - week; the styrene - butadiene rubber 1502 - 1712 spread was 1,020, down 50 from the previous day and down 50 week - on - week [4].