永安合成橡胶早报-20250922

Group 1: Report Information - Report name: Yongan Synthetic Rubber Morning Report [2] - Research team: Energy and Chemicals Team of the Research Center [2] - Report date: September 22, 2025 [2] Group 2: BR (Butadiene Rubber) Market Data Contract Data - On September 19, the closing price of the main contract was 11,445, a daily increase of 30 and a weekly decrease of 170 [3] - The position volume of the main contract was 75,259, a daily increase of 756 and a weekly increase of 54,200 [3] - The trading volume of the main contract was 94,561, a daily decrease of 21,553 and a weekly increase of 41,606 [3] Warehouse Receipts and Ratios - The number of warehouse receipts was 10,230, a daily decrease of 760 and a weekly decrease of 3,440 [3] - The virtual - to - real ratio was 36.78, a daily increase of 3 and a weekly increase of 29 [3] Basis and Spread - The basis of butadiene rubber was 20 higher than the previous day and 70 higher than the previous week [3] - The basis (two - oil) of butadiene rubber was 255, a daily decrease of 30 and a weekly decrease of 30 [3] - The 8 - 9 month spread was 125, a daily decrease of 40 [3] - The 9 - 10 month spread was 130, a daily decrease of 15 and a weekly increase of 70 [3] Price and Cost - The Shandong market price was 11,600, a daily increase of 50 and a weekly decrease of 100 [3] - The Chuanhua market price was 11,450, with no daily change and a weekly decrease of 100 [3] - The Qilu ex - factory price was 11,700, with no daily or weekly change [3] - CFR Northeast Asia was 1525, with no daily change and a weekly increase of 10 [3] - CFR Southeast Asia was 1700, with no daily or weekly change [3] Profit Data - The spot processing profit was - 290, a daily decrease of 27 and a weekly decrease of 177 [3] - The disk processing profit was - 445, a daily decrease of 47 and a weekly decrease of 247 [3] - The import profit was - 82,940, a daily increase of 39 and a weekly increase of 1,657 [3] - The export profit was 107, a daily decrease of 42 and a weekly increase of 142 [3] Group 3: BD (Butadiene) Market Data Price - The Shandong market price was 9,500, a daily increase of 75 and a weekly increase of 75 [3] - The Jiangsu market price was 9,200, a daily increase of 50 [3] - The Yangzi ex - factory price was 9,250, with no daily or weekly change [3] - CFR China was 1070, a daily decrease of 20 and a weekly decrease of 25 [3] Profit Data - The carbon four extraction profit was not available for the latest data [3] - The butene oxidative dehydrogenation profit was 106, a daily increase of 50 and a weekly increase of 70 [3] - The import profit was 450, a daily increase of 210 and a weekly increase of 215 [3] - The export profit was - 899, a daily decrease of 43 and a weekly increase of 60 [3] Group 4: Downstream Product Profit Data - The butadiene rubber production profit was - 445, a daily decrease of 47 and a weekly decrease of 247 [3] - The styrene - butadiene rubber production profit was 938, with no daily change and a weekly decrease of 175 [3] - The ABS production profit data was not available for the latest data [3] - The SBS (791 - H) production profit was 855, with no daily change and a weekly increase of 30 [3] Group 5: Price Spread Data - The RU - BR spread was - 59,724, a daily decrease of 791 and a weekly decrease of 54,485 [3] - The NR - BR spread was - 62,959, a daily decrease of 756 and a weekly decrease of 54,455 [3] - The Thai mixed - butadiene rubber spread was 3,130, a daily decrease of 70 and a weekly decrease of 150 [3] - The 3L - styrene - butadiene rubber spread was 3,050, with no daily or weekly change [3] - The butadiene rubber standard - non - standard price spread was 200, a daily increase of 50 and a weekly decrease of 50 [3] - The styrene - butadiene 1502 - 1712 spread was 1000, with no daily or weekly change [3]