永安合成橡胶早报-20250926

Group 1: Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [2] - Report Date: September 26, 2025 [2] Group 2: BR (Butadiene Rubber) Market Data Futures Market - On September 25, the closing price of the main contract was 11,545, with a daily increase of 25 and a weekly increase of 130 [3] - The open interest of the main contract was 51,154, a daily decrease of 7,496 and a weekly decrease of 23,349 [3] - The trading volume of the main contract was 83,682, a daily decrease of 29,720 and a weekly decrease of 32,429 [3] - The warrant quantity was 9,250, a daily increase of 100 and a weekly decrease of 1,740 [3] - The virtual - to - real ratio was 27.65, a daily decrease of 4 and a weekly decrease of 6 [3] Basis and Spread - The basis of cis - butadiene was 155, a daily decrease of 25 and a weekly decrease of 130 [3] - The 8 - 9 spread was - 5, a daily decrease of 15 and a weekly decrease of 170; the 9 - 10 spread was 190, a daily decrease of 40 and a weekly increase of 45 [3] Spot Market - The Shandong market price was 11,580, unchanged daily and up 30 weekly; the Transfar market price was 11,500, unchanged daily and up 50 weekly [3] - The Qilu ex - factory price was 11,700, unchanged both daily and weekly [3] - CFR Northeast Asia was 1,500, unchanged daily and down 25 weekly; CFR Southeast Asia was 1,700, unchanged both daily and weekly [3] Processing and Import - Export - The spot processing profit was - 121, a daily increase of 87 and a weekly increase of 142; the futures processing profit was - 156, a daily increase of 112 and a weekly increase of 242 [3] - The import profit was - 83,107, a daily decrease of 151 and a weekly decrease of 128; the export profit was - 38, a daily increase of 16 and a weekly decrease of 187 [3] Group 3: BD (Butadiene) Market Data Price - The Shandong market price was 9,315, a daily decrease of 82 and a weekly decrease of 110; the Jiangsu market price was 9,175, unchanged daily and up 25 weekly [3] - The Yangzi ex - factory price was 9,150, unchanged both daily and weekly; CFR China was 1,060, unchanged daily and down 30 weekly [3] Processing and Import - Export - The carbon - four extraction profit was not available; the butylene oxidative dehydrogenation profit was 361, unchanged daily and up 305 weekly [3] - The import profit was 492, a daily decrease of 14 and a weekly increase of 252; the export profit was - 1,080, a daily decrease of 60 and a weekly decrease of 259 [3] Group 4: Downstream Profit Data - The cis - butadiene production profit was - 156, a daily increase of 112 and a weekly increase of 242; the styrene - butadiene production profit was 1,063, unchanged daily and up 125 weekly [3] - The ABS production profit was 106, a daily decrease of 19 and a weekly increase of 109; the SBS (791 - H) production profit was 985, unchanged daily and up 130 weekly [3] Group 5: Inter - variety Spread Data - RU - BR was - 35,584, a daily increase of 7,446 and a weekly increase of 23,349; NR - BR was - 38,724, a daily increase of 7,461 and a weekly increase of 23,479 [3] - The Thai mixed - cis - butadiene spread was not available; the 3L - styrene - butadiene spread was 3,100, a daily decrease of 50 and a weekly increase of 50 [3] - The cis - butadiene standard - non - standard spread was 180, a daily increase of 20 and a weekly increase of 30; the styrene - butadiene 1502 - 1712 spread was 1,000, unchanged both daily and weekly [3]