Report Overview - Report Title: Synthetic Rubber Industry Daily Report 2025 - 10 - 09 [1] 1. Report Industry Investment Rating - No relevant information provided 2. Report's Core View - The output of cis - butadiene rubber is expected to increase month - on - month. The br2511 contract is expected to fluctuate in the range of 11,000 - 11,600 in the short term [2] 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the main contract of synthetic rubber is 11,325 yuan/ton, with a week - on - week increase of 225 yuan/ton; the position of the main contract is 31,413, with a week - on - week decrease of 1,801. The 10 - 11 spread of synthetic rubber is 35 yuan/ton, with a week - on - week decrease of 215 yuan/ton. The total number of warehouse receipts for butadiene rubber is 2,770 tons, with no change [2] 3.2 Spot Market - The mainstream price of cis - butadiene rubber (BR9000, Qilu Petrochemical) in Shandong is 11,400 yuan/ton, with a week - on - week decrease of 50 yuan/ton; the mainstream price of cis - butadiene rubber (BR9000, Daqing Petrochemical) in Shandong is 11,300 yuan/ton, with a week - on - week decrease of 100 yuan/ton. The mainstream price of cis - butadiene rubber (BR9000, Daqing Petrochemical) in Shanghai is 11,500 yuan/ton, with no change; the mainstream price of cis - butadiene rubber (BR9000, Maoming Petrochemical) in Guangdong is 11,550 yuan/ton, with no change. The basis of synthetic rubber is - 225 yuan/ton [2] 3.3 Upstream Situation - The weekly production capacity of butadiene is 155,400 tons/week, with a week - on - week increase of 4,300 tons; the capacity utilization rate of butadiene is 66.3%, with a week - on - week decrease of 0.48 percentage points. The port inventory of butadiene is 27,750 tons, with a week - on - week increase of 4,650 tons. The production capacity utilization rate of cis - butadiene rubber is 66.41%, with a week - on - week decrease of 3.31 percentage points. The production profit of cis - butadiene rubber is - 544 yuan/ton, with a week - on - week increase of 114 yuan/ton [2] 3.4 Downstream Situation - The monthly output of all - steel tires is 1.303 million pieces, with a month - on - month increase of 28,000 pieces; the monthly output of semi - steel tires is 5.806 million pieces, with a month - on - month increase of 109,000 pieces. The inventory days of all - steel tires in Shandong are 39.16 days, with a week - on - week increase of 0.03 days; the inventory days of semi - steel tires in Shandong are 46.15 days, with a week - on - week increase of 0.13 days [2] 3.5 Industry News - As of September 24, the inventory of domestic cis - butadiene rubber sample enterprises was 32,300 tons, a week - on - week decrease of 1,400 tons, a month - on - month decrease of 4.21%. In September 2025, the domestic heavy - truck market sold about 105,000 vehicles, a month - on - month increase of 15% and a year - on - year increase of about 82%. From January to September this year, the cumulative sales of the domestic heavy - truck market exceeded 800,000 vehicles, reaching 821,000 vehicles, a year - on - year increase of about 20%. In September 2025, the output and capacity utilization rate of cis - butadiene rubber both declined slightly [2]
合成橡胶产业日报-20251009
Rui Da Qi Huo·2025-10-09 14:24