合成橡胶早报-20251010

Group 1: Report Information - Report title: Synthetic Rubber Morning Report [2] - Research team: Energy and Chemicals Team of the Research Center [2] - Report date: October 10, 2025 [2] Group 2: BR (Butadiene Rubber) Data Futures Market - On September 30, the closing price of the main contract was 11,100, a daily decrease of 240 and a weekly decrease of 420 [3] - The position volume of the main contract was 33,214, a daily decrease of 5,336 and a weekly decrease of 25,436 [3] - The trading volume of the main contract was 110,443, a daily decrease of 47,717 and a weekly decrease of 2,962 [3] - The warrant quantity was 7,700, a daily increase of 100 and a weekly decrease of 1,450 [3] - The long - short ratio was 21.57, a daily decrease of 4 and a weekly decrease of 10 [3] Basis and Spread - The basis of butadiene rubber was 200, a daily increase of 140 and a weekly increase of 140 [3] - The basis of butadiene rubber (two major oil companies) was 400, a daily increase of 240 and a weekly increase of 220 [3] - The 10 - 11 spread was 250, a daily increase of 215 and a weekly increase of 230 [3] - The 11 - 12 spread was - 10, a daily decrease of 15 and a weekly decrease of 20 [3] Price - The Shandong market price was 11,300, a daily decrease of 100 and a weekly decrease of 280 [3] - The Transfar market price was 11,150, a daily decrease of 200 and a weekly decrease of 350 [3] - The Qilu ex - factory price was 11,500, with no daily change and a weekly decrease of 200 [3] - CFR Northeast Asia was 1,515, with no daily or weekly change [3] - CFR Southeast Asia was 1,700, with no daily or weekly change [3] Processing and Import - Export Profits - The spot processing profit was - 131, a daily decrease of 49 and a weekly increase of 77 [3] - The futures processing profit was - 331, a daily decrease of 189 and a weekly decrease of 63 [3] - The import profit was - 81,725, a daily decrease of 101 and a weekly increase of 1,231 [3] - The export profit was 200, a daily increase of 87 and a weekly increase of 254 [3] Group 3: BD (Butadiene) Data Price - The Shandong market price was 9,050, a daily decrease of 50 and a weekly decrease of 350 [3] - The Jiangsu market price was 8,850, a daily decrease of 100 and a weekly decrease of 325 [3] - The Yangzi ex - factory price was 8,900, a daily decrease of 100 and a weekly decrease of 250 [3] - CFR China was 1,095, with no daily or weekly change [3] Processing and Import - Export Profits - The carbon four extraction profit was 1,745, a daily increase of 24 and a weekly decrease of 136 [3] - The butene oxidative dehydrogenation profit was 106, a daily decrease of 100 and a weekly decrease of 255 [3] - The import profit was 293, a daily decrease of 100 and a weekly decrease of 334 [3] - The export profit was - 908, a daily increase of 87 and a weekly decrease of 66 [3] Downstream Profits - The butadiene rubber production profit was - 331, a daily decrease of 189 and a weekly decrease of 63 [3] - The styrene - butadiene rubber production profit was 875, a daily increase of 75 and a weekly decrease of 113 [3] - The ABS production profit was 276, a daily increase and a weekly increase of 151 [3] - The SBS (791 - H) production profit was 1,160, a daily increase of 70 and a weekly increase of 175 [3] Group 4: Price Spreads between Varieties - RU - BR was - 18,184, a daily increase of 4,991 and a weekly increase of 24,846 [3] - NR - BR was - 21,114, a daily increase of 5,006 and a weekly increase of 25,071 [3] - Thai mixed - butadiene rubber was 3,300, a daily decrease of 100 and no weekly change [3] - 3L - styrene - butadiene rubber was 3,300, a daily increase of 100 and a weekly increase of 150 [3] - The spread between standard and non - standard butadiene rubber was 250, a daily increase of 50 and a weekly increase of 90 [3] - The spread between styrene - butadiene rubber 1502 and 1712 was 1,000, with no daily or weekly change [3]