合成橡胶早报-20250912

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints The report presents a comprehensive overview of the synthetic rubber market, including the performance of BR (butadiene rubber) and BD (butadiene) futures and spot markets, as well as various price indicators, profit margins, and spreads. It tracks the daily and weekly changes in these metrics, providing insights into the market dynamics of synthetic rubber [3][12][21]. 3. Summary by Relevant Catalogs BR (Butadiene Rubber) - Futures Indicators: The BR主力合约收盘价 decreased by 65 to 11,655 on 9/11 compared to the previous day, and decreased by 155 on a weekly basis. The主力合约持仓量 decreased by 1,100 to 22,243, and the主力合约成交量 decreased by 2,019 to 62,200 [3][12][21]. - Basis and Month - Spreads: The顺丁基差 increased by 15 to 15, and the 9 - 10月差 increased by 175 to 195 [3][12][21]. - Spot Prices: The山东市场价 decreased by 50 to 11,750, and the传化市场价 decreased by 150 to 11,550. The齐鲁出厂价 remained unchanged at 11,900 on 9/11 but decreased by 200 on a weekly basis [3][12][21]. - Processing and Trade Profits: The现货加工利润 increased by 27 to - 115, and the进口利润 decreased by 46 to - 84,515. The出口利润 increased by 43 to - 82 [3][12][21]. BD (Butadiene) - Spot Prices: The山东市场价 decreased by 75 to 9,475, and the江苏市场价 decreased by 75 to 9,275. The扬子出厂价 decreased by 100 to 9,250 [3][12][21]. - Processing Profits: The丁烯氧化脱氢利润 decreased by 75 to 111, and the进口利润 decreased by 75 to 314. The出口利润 increased by 234 to - 920 [3][12][21]. Downstream Profits - The丁苯生产利润 was 1,038, the ABS生产利润 remained unchanged at - 94, and the SBS生产利润(791 - H) decreased by 300 to 755 [3][12][21]. Spreads - Inter - Variety Spreads: The泰混 - 顺丁 increased by 50 to 3,250, and the RU - BR increased by 1,025 to - 6,338 [3][12][21]. - Intra - Variety Spreads: The丁苯1502 - 1712 increased by 50 to 1,000 [3][12][21].