永安合成橡胶早报-20250828

Group 1: Report Overview - Report Name: Yong'an Synthetic Rubber Morning Report [2] - Research Team: Research Center's Energy and Chemicals Team [3] - Report Date: August 28, 2025 [3] Group 2: BR (Butadiene Rubber) Data Contract Information - On August 27, the closing price of the main BR contract was 11,710, a daily decrease of 135 and a weekly decrease of 5 [4] - The open interest of the main contract was 39,912, a daily decrease of 3,208 and a weekly increase of 4,221 [4] - The trading volume of the main contract was 94,999, a daily decrease of 17,448 and a weekly decrease of 74,065 [4] Price and Basis - The warehouse receipt quantity remained at 12,470, with no daily change and a weekly increase of 280 [4] - The virtual - to - real ratio was 16.00, a daily decrease of 1 [4] - The butadiene rubber basis was 90, a daily decrease of 15 and a weekly increase of 205 [4] - The butadiene rubber basis (two major oil companies) was 390, a daily increase of 135 and a weekly increase of 205 [4] - The styrene - butadiene rubber basis was 690, with a daily increase of 8 [4] - The August - September spread was 275, a daily increase of 100 [4] - The September - October spread was - 10, a daily increase of 5 [4] Market Prices - The Shandong market price was 11,800, a daily decrease of 150 and a weekly increase of 200 [4] - The Chuanhua market price was 11,700, a daily decrease of 150 and a weekly increase of 200 [4] - The Qilu ex - factory price was 12,100, with no daily change and a weekly increase of 200 [4] Processing and Trade Profits - The CFR Northeast Asia price was 1,475, with no daily change and a weekly increase of 25 [4] - The CFR Southeast Asia price was 1,725, with no daily and weekly changes [4] - The spot processing profit was - 90, a daily decrease of 99 and a weekly decrease of 14 [4] - The on - screen processing profit was - 180, a daily decrease of 84 and a weekly decrease of 219 [4] - The import profit was - 86,509, a daily decrease of 109 and a weekly decrease of 1,110 [4] - The export profit was - 366, a daily increase of 126 and a weekly decrease of 27 [4] Group 3: BD (Butadiene) Data Market Prices - The Shandong market price was 9,500, a daily decrease of 50 and a weekly increase of 210 [4] - The Jiangsu market price was 9,300, a daily decrease of 200 and a weekly increase of 50 [4] - The Yangzi ex - factory price was 9,500, with no daily change and a weekly increase of 100 [4] - The CFR China price was 1,095, with no daily change and a weekly increase of 15 [4] Processing and Trade Profits - The carbon - four extraction profit was N/A [4] - The butene oxidative dehydrogenation profit was 406, a daily decrease of 200 [4] - The import profit was 299, a daily decrease of 196 and a weekly decrease of 44 [4] - The export profit was - 909, a daily increase of 278 and a weekly increase of 113 [4] Downstream Profits - The butadiene rubber production profit was - 180, a daily decrease of 84 and a weekly decrease of 219 [4] - The styrene - butadiene rubber production profit was 1,075, a daily increase of 13 and a weekly increase of 138 [4] - The ABS production profit was N/A [4] - The SBS production profit (791 - H) was 1,090, a daily increase of 15 and a weekly decrease of 25 [4] Group 4: Spread Data Inter - Variety Spreads - The RU - BR spread was - 24,152, a daily increase of 3,083 and a weekly decrease of 4,136 [4] - The NR - BR spread was - 27,297, a daily increase of 3,033 and a weekly decrease of 4,131 [4] - The Thai mixed - butadiene rubber spread was 2,900, a daily increase of 50 and a weekly decrease of 30 [4] - The 3L - styrene - butadiene rubber spread was 2,600, with no daily change and a weekly decrease of 100 [4] Intra - Variety Spreads - The butadiene rubber standard - non - standard price spread was 250, with no daily change and a weekly increase of 100 [4] - The styrene - butadiene rubber 1502 - 1712 spread was 900, a daily decrease of 50 and a weekly decrease of 50 [4]