合成橡胶早报-20251009

Group 1: Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center - Report Date: October 9, 2025 Group 2: BR (Butadiene Rubber) Data Futures Contract Data - On September 29, the closing price of the main contract was 11,340, down 90 from the previous day and 90 from the previous week [3]. - The open interest of the main contract was 38,520, down 1,541 from the previous day and 27,038 from the previous week. - The trading volume of the main contract was 158,160, down 33,594 from the previous day but up 48,380 from the previous week. Inventory and Ratio Data - The warrant quantity was 7,600, down 1,650 from the previous day and 1,590 from the previous week. - The virtual - to - real ratio was 25.36, up 4 from the previous day and down 10 from the previous week. Basis and Spread Data - The butadiene basis was 660, up 90 from the previous day and down 10 from the previous week. - The 10 - 11 spread was 0, unchanged from the previous day and down 15 from the previous week. - The 11 - 12 spread was 5, down 15 from the previous day and 10 from the previous week. Price Data - The Shandong market price was 11,450, down 100 from the previous day and 50 from the previous week. - The Chuanhua market price was 11,350, down 100 from the previous day and 100 from the previous week. - The Qilu ex - factory price was 11,500, down 200 from the previous day and 200 from the previous week. Processing and Trade Data - The spot processing profit was - 32, down 49 from the previous day but up 205 from the previous week. - The on - disk processing profit was - 142, down 39 from the previous day. - The import profit was - 81,760, up 1,526 from the previous day and 1,265 from the previous week. - The export profit was 90, up 86 from the previous day and 76 from the previous week. Group 3: BD (Butadiene) Data Price Data - The Shandong market price was 9,100, down 50 from the previous day and 250 from the previous week. - The Jiangsu market price was 8,950, down 50 from the previous day and 200 from the previous week. - The Yangzi ex - factory price was 9,000, down 150 from the previous day and 150 from the previous week. Processing and Trade Data - The carbon - four extraction profit was not available after September 29 [3]. - The butylene oxidative dehydrogenation profit was 206, up 20 from the previous day and down 130 from the previous week. - The import profit was 452 (data not fully updated). - The export profit data was incomplete after September 23. Downstream Profit Data - The butadiene - styrene production profit was 875, down 188 from the previous day and 188 from the previous week. - The ABS production profit data was incomplete after September 25. - The SBS production profit (791 - H) was 1,090, up 105 from the previous day and 105 from the previous week. Group 4: Inter - and Intra - Variety Spread Data Inter - Variety Spread - The RU - BR spread was - 23,175, up 1,446 from the previous day and 26,888 from the previous week. - The NR - BR spread was - 26,120, up 1,536 from the previous day and 27,073 from the previous week. - The Thai mixed - butadiene spread was 3,350, up 50 from the previous day and 70 from the previous week. - The 3L - butadiene - styrene spread was 3,200, unchanged from the previous day and up 100 from the previous week. Intra - Variety Spread - The butadiene - styrene 1502 - 1712 spread was 1,000, unchanged from the previous day and the previous week. - The butadiene standard - non - standard spread was 250, unchanged from the previous day and up 150 from the previous week.