合成橡胶早报-20251017

Group 1: Report Information - Report Name: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center - Date: October 17, 2025 Group 2: Core Data Summary BR (Butadiene Rubber) - Contract Information: On October 16, the closing price of the main contract was 11,135, with a daily change of 240 and a weekly change of -85; the position volume was 18,411, a daily decrease of 6,057 and a weekly decrease of 10,447; the trading volume was 76,904, a daily increase of 16,649 and a weekly increase of 5,377 [3]. - Warehouse Receipts and Ratio: The number of warehouse receipts was 8,750, with no daily change and a weekly increase of 630; the virtual - real ratio was 10.52, a daily decrease of 3 and a weekly decrease of 7 [3]. - Basis and Spread: The butadiene basis was -85, with a daily decrease of 140 and a weekly decrease of 215; the 10 - 11 spread was -110, a daily increase of 170 and a weekly decrease of 210; the 11 - 12 spread was 85, a daily increase of 25 and a weekly increase of 40 [3]. - Spot Prices: The Shandong market price was 11,050, a daily increase of 100 and a weekly decrease of 300; the Transfar market price was 10,900, a daily increase of 100 and a weekly decrease of 350; the Qilu ex - factory price was 11,200, with no daily change and a weekly decrease of 300 [3]. - Processing and Trade Profits: The spot processing profit was 27, a daily increase of 24 and a weekly decrease of 147; the on - screen processing profit was 112, a daily increase of 164 and a weekly increase of 68; the import profit was -79,638, a daily increase of 270 and a weekly increase of 2,082; the export profit was 426, a daily decrease of 106 [3]. BD (Butadiene) - Spot Prices: The Shandong market price was 8,650, a daily increase of 75 and a weekly decrease of 150; the Jiangsu market price was 8,550, a daily increase of 100 and a weekly decrease of 200; the Yangzi ex - factory price was 8,600, with no daily change and a weekly decrease of 200; the CFR China price was 1,010, with no daily change and a weekly decrease of 35 [3]. - Processing and Trade Profits: The carbon - four extraction profit was not available; the butylene oxidative dehydrogenation profit was -124, a daily increase of 100 and a weekly decrease of 130; the import profit was 268, a daily increase of 115 and a weekly increase of 79; the export profit was -819, a daily decrease of 278 and a weekly decrease of 322 [3]. Downstream Profits - The butadiene rubber production profit was 112, a daily increase of 164 and a weekly increase of 68; the styrene - butadiene rubber production profit was 725, with no daily change and a weekly decrease of 300; the ABS production profit was 119, a daily increase of 23 and a weekly increase of 141; the SBS (791 - H) production profit was 730, with no daily change and a weekly decrease of 100 [3]. Price Spreads between Varieties - The RU - BR spread was -3,511, a daily increase of 6,062 and a weekly increase of 10,032; the NR - BR spread was -6,096, a daily increase of 6,137 and a weekly increase of 10,412; the Thai mixed - butadiene spread was 3,630, a daily decrease of 20 and a weekly increase of 230 [3]. Price Spreads within Varieties - The styrene - butadiene 1502 - 1712 spread was 950, a daily increase of 50 and a weekly decrease of 50; the 3L - styrene - butadiene spread was 3,500, with no daily change and a weekly increase of 100; the standard - non - standard butadiene spread was 250, a daily decrease of 80 and a weekly decrease of 100 [3]