Report Overview - Report Title: Yong'an Synthetic Rubber Morning Report - Research Team: Research Center's Energy and Chemicals Team - Report Date: September 3, 2025 [2][12][22] Report Industry Investment Rating - Not provided in the document Core Viewpoints - Not provided in the document Summary by Relevant Catalogs BR (Butadiene Rubber) Futures Market - The closing price of the main contract on September 2 was 11,820, a decrease of 75 from the previous day and 25 from the previous period [3][13][23] - The open interest of the main contract was 31,283, a decrease of 1,887 from the previous day and 11,837 from the previous period [3][13][23] - The trading volume of the main contract was 103,125, a decrease of 9,988 from the previous day and 9,322 from the previous period [3][13][23] Basis and Spread - The basis of cis - butadiene rubber was 80 on September 2, an increase of 75 from the previous day and a decrease of 25 from the previous period [3][13][23] - The 8 - 9 month spread was 235 on September 2, an increase of 110 from the previous day and 60 from the previous period [3][13][23] - The 9 - 10 month spread was 80 on September 2, an increase of 100 from the previous day [3][13][23] Spot Market - The Shandong market price remained at 11,900, with no change from the previous day and a decrease of 50 from the previous period [3][13][23] - The Chuanhua market price remained at 11,800, with no change from the previous day and a decrease of 50 from the previous period [3][13][23] - The Qilu ex - factory price remained at 12,100 [3][13][23] Processing and Import - Export - The spot processing profit was - 67 on September 2, a decrease of 26 from the previous day and 76 from the previous period [3][13][23] - The import profit was - 86,106, with no change from the previous day and an increase of 294 from the previous period [3][13][23] - The export profit was - 306, with no change from the previous day and an increase of 187 from the previous period [3][13][23] BD (Butadiene) Price - The Shandong market price on September 2 was 9,575, an increase of 25 [3][13][23] - The Jiangsu market price on September 2 was 9,375, a decrease of 125 [3][13][23] - The Yangzi ex - factory price remained at 9,500 [3][13][23] Processing and Import - Export - The carbon tetrachloride extraction profit was not available for calculation [3][13][23] - The butene oxidative dehydrogenation profit was 211, a decrease of 195 [3][13][23] - The import profit was 402, a decrease of 94 [3][13][23] - The export profit was - 997, a decrease of 22 [3][13][23] Downstream Products - The production profit of butadiene styrene rubber was 1,138, with no change from the previous day and an increase of 75 from the previous period [3][13][23] - The production profit of SBS (791 - H) was 1,090, with no change from the previous day and a decrease of 110 from the previous period [3][13][23] - The production profit of ABS was not available for calculation [3][13][23] Price Spreads Inter - Variety Spreads - The spread between Thai mixed rubber and cis - butadiene rubber was 2,980 on September 2, an increase of 60 from the previous day and 130 from the previous period [3][13][23] - The spread between RU - BR was - 15,413 on September 2, an increase of 1,897 from the previous day and 11,822 from the previous period [3][13][23] - The spread between NR - BR was - 18,573 on September 2, an increase of 1,917 from the previous day and 11,757 from the previous period [3][13][23] Intra - Variety Spreads - The spread between standard and non - standard cis - butadiene rubber remained at 250 [3][13][23] - The spread between butadiene styrene 1502 and 1712 remained at 1,050, with no change from the previous day and an increase of 100 from the previous period [3][13][23]
合成橡胶早报-20250903
Yong An Qi Huo·2025-09-03 07:42