合成橡胶早报-20251105

Group 1: Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: November 5, 2025 [3] Group 2: BR Data Futures - BR主力合约(12) price on November 4 was 10,205, down 155 from the previous day and 590 from the previous week [4] - Open interest on November 4 was 35,870, down 1,926 from the previous day and 16,346 from the previous week [4] - Trading volume on November 4 was 91,690, down 58,160 from the previous day and 103,960 from the previous week [4] - Warehouse receipt quantity remained at 8,580 [4] - Long - short ratio on November 4 was 20.90, down 1 from the previous day and 10 from the previous week [4] Basis/Spread - Butadiene rubber basis on November 4 was -45 compared to the previous day and 90 compared to the previous week [4] - Styrene - butadiene rubber basis on November 4 was -145 compared to the previous day and 190 compared to the previous week [4] - 12 - 01 spread on November 4 was 25 compared to the previous day [4] - 01 - 02 spread on November 4 was -5 compared to the previous day and 20 compared to the previous week [4] - RU - BR spread on November 4 was -18 compared to the previous day and -160 compared to the previous week [4] - NR - BR spread on November 4 was -85 compared to the previous day and -170 compared to the previous week [4] Spot and Profit - Shandong market price on November 4 was 10,300, down 200 from the previous day and 500 from the previous week [4] - Transfar market price on November 4 was 10,150, down 200 from the previous day and 550 from the previous week [4] - Qilu factory price remained at 10,500 [4] - CFR Northeast Asia remained at 1,450 [4] - CFR Southeast Asia remained at 1,700 [4] - Spot processing profit on November 4 was 909, down 52 from the previous day and up 112 from the previous week [4] - Import profit on November 4 was -1,874, down 208 from the previous day and 537 from the previous week [4] - Export profit on November 4 was 2,496, up 181 from the previous day and 471 from the previous week [4] Group 3: BD Data Spot and Profit - Shandong market price on November 4 was 7,050, down 145 from the previous day and 600 from the previous week [4] - Jiangsu market price on November 4 was 6,800, down 400 from the previous day and 800 from the previous week [4] - Yangzi factory price on November 4 was 6,900, down 300 from the previous day and 1,000 from the previous week [4] - CFR China remained at 850 [4] - Carbon four extraction profit: data for November 4 is not available [4] - Butene oxidative dehydrogenation profit on November 4 was -1,874, down 498 from the previous day and 940 from the previous week [4] - Import profit on November 4 was -190, down 404 from the previous day and 19 from the previous week [4] - Export profit on November 4 was -84, up 138 from the previous day and -244 from the previous week [4] Production Profit - Styrene - butadiene production profit on November 4 was 1,463, up 225 from the previous day and 250 from the previous week [4] - ABS production profit data is not available [4] - SBS production profit on November 4 was 495, up 210 from the previous day and -200 from the previous week [4]