合成橡胶早报-20251022

1. Report Industry Investment Rating - No relevant information provided. 2. Core View of the Report - No clear core view is presented in the given content. It mainly provides data on the synthetic rubber market, including prices, positions, trading volumes, and profit margins. 3. Summary by Relevant Catalogs 3.1 BR (Butadiene Rubber) - Prices: The closing price of the main contract on October 20 was 10,840, a daily decrease of 85 and a weekly decrease of 55. The Shandong market price remained unchanged at 11,050 compared to the previous day, with a weekly increase of 100. The Qilu factory price remained at 11,200 [3]. - Positions and Trading Volumes: The position of the main contract on October 20 was 74,828, a daily increase of 57,827 and a weekly increase of 50,360. The trading volume was 101,950, a daily increase of 44,923 and a weekly increase of 41,695 [3]. - Warehouse Receipts: The number of warehouse receipts on October 20 was 8,640, a daily and weekly decrease of 110 [3]. - Profit Margins: The spot processing profit was 53, and the on - screen processing profit was - 158. The import profit was - 79,579, and the export profit was 242 [3]. - Basis and Spread: The basis and spread data, such as the 10 - 11 month spread, showed various changes. The 10 - 11 month spread on October 20 was 200, a daily decrease of 90 and a weekly increase of 425 [3]. 3.2 BD (Butadiene) - Prices: The Shandong market price on October 20 was 8,625. The Jiangsu market price was 8,500, a daily decrease of 50 and a weekly increase of 50. The Yangzi factory price remained at 8,600 [3]. - Profit Margins: The carbon tetrachloride extraction profit was 1,885, and the butene oxidative dehydrogenation profit was - 104. The import profit was not available, and the export profit was - 851 [3]. - Downstream Profits: The production profit of butadiene - based products such as ABS, SBS (791 - H) also showed different changes. For example, the ABS production profit was - 33, a daily decrease of 142 and a weekly decrease of 129 [3]. 3.3 Variety Spreads - Inter - Variety Spreads: The spreads between different rubber varieties, such as RU - BR, NR - BR, Thai mixed - butadiene rubber, and 3L - styrene - butadiene rubber, showed different trends. For example, the RU - BR spread on October 20 was - 60,018, a daily decrease of 57,712 and a weekly decrease of 50,445 [3]. - Intra - Variety Spreads: The spreads within the same rubber variety, such as the difference between standard and non - standard butadiene rubber, and the difference between styrene - butadiene rubber 1502 and 1712, also changed. For example, the difference between standard and non - standard butadiene rubber on October 20 was 350, a daily increase of 50 and a weekly increase of 20 [3].