Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: October 23, 2025 [3] Key Points BR (Butadiene Rubber) Futures Market - The closing price of the BR12 main contract on October 22 was 11,050, up 10 from the previous day and down 85 from the previous week [4]. - The open interest was 71,972, down 836 from the previous day and up 53,561 from the previous week [4]. - The trading volume was 79,454, down 44,237 from the previous day and up 2,550 from the previous week [4]. - The number of warehouse receipts was 8,920, up 300 from the previous day and up 170 from the previous week [4]. - The long - short ratio was 40.34, down 2 from the previous day and up 30 from the previous week [4]. Basis, Spread and Inter - Variety Spread - The basis between BR12 and BR01 was 25, up 5 from the previous day and unchanged from the previous week [4]. - The spread between BR01 and BR02 was 10, down 5 from the previous day and up 10 from the previous week [4]. - The spread between RU - BR was 4,100, down 10 from the previous day and up 335 from the previous week [4]. - The spread between NR - BR was 1,300, down 25 from the previous day and up 120 from the previous week [4]. Spot Market - The Shandong market price was 11,100, unchanged from the previous day and up 50 from the previous week [4]. - The Transfar market price was 10,950, unchanged from the previous day and up 50 from the previous week [4]. - The Qilu ex - factory price was 11,200, unchanged from the previous day and the previous week [4]. - The CFR Northeast Asia price was 1,475, unchanged from the previous day and down 25 from the previous week [4]. - The CFR Southeast Asia price was 1,700, unchanged from the previous day and the previous week [4]. Profit - The spot processing profit was 230, up 102 from the previous day and up 203 from the previous week [4]. - The import profit was - 1,277, down 2 from the previous day and up 255 from the previous week [4]. - The export profit was 1,803, up 2 from the previous day and down 47 from the previous week [4]. BD (Butadiene) Spot Market - The Shandong market price was 8,500, down 100 from the previous day and down 150 from the previous week [4]. - The Jiangsu market price was 8,500, down 25 from the previous day and down 50 from the previous week [4]. - The Yangzi ex - factory price was 8,600, unchanged from the previous day and the previous week [4]. - The CFR China price was 975, down 35 from the previous week [4]. Profit - The carbon - four extraction profit was 1,885 (data for October 20) [4]. - The butylene oxidative dehydrogenation profit was - 104, down 25 from the previous day and up 20 from the previous week [4]. - The import profit was 203 (data for October 22), up 234 from the previous week [4]. - The export profit was - 921, down 48 from the previous day and down 386 from the previous week [4]. Production Profit of Related Products - The butadiene - styrene production profit was 863, unchanged from the previous day and up 138 from the previous week [4]. - The ABS production profit was - 33 (data for October 20) [4]. - The SBS production profit was 175, down 300 from the previous day and down 810 from the previous week [4].
合成橡胶早报-20251023
Yong An Qi Huo·2025-10-23 00:48