Report Overview - Report Title: Synthetic Rubber Morning Report [2] - Release Date: November 10, 2025 [3] - Research Team: Energy and Chemicals Team of the Research Center [3] 1. BR (Butadiene Rubber) Market Data Futures Information - On November 7, the closing price of the BR main contract (12) was 10,190, down 115 from the previous day and 170 from the previous week [4]. - The open interest was 85,686, an increase of 1,745 from the previous day and 47,890 from the previous week [4]. - The trading volume was 106,318, a decrease of 21,826 from the previous day and 43,532 from the previous week [4]. - The number of warehouse receipts was 12,300, unchanged from the previous day and an increase of 3,720 from the previous week [4]. - The virtual - real ratio was 34.83, an increase of 1 from the previous day and 13 from the previous week [4]. Basis and Spread Information - The butadiene rubber basis was 110, an increase of 115 from the previous day and a decrease of 30 from the previous week [4]. - The styrene - butadiene basis was 560, an increase of 165 from the previous day and a decrease of 180 from the previous week [4]. - The spread between contracts 12 - 01 was 65, a decrease of 15 from the previous day and unchanged from the previous week [4]. - The spread between contracts 01 - 02 was 0, unchanged from the previous day and a decrease of 5 from the previous week [4]. - The spread between RU - BR was 4,805, an increase of 65 from the previous day and 70 from the previous week [4]. - The spread between NR - BR was 1,845, an increase of 20 from the previous day and 5 from the previous week [4]. Spot Market Information - The Shandong market price was 10,300, unchanged from the previous day and a decrease of 200 from the previous week [4]. - The Transfar market price was 10,200, unchanged from the previous day and a decrease of 150 from the previous week [4]. - The Qilu ex - factory price was 10,200, unchanged from the previous day and a decrease of 300 from the previous week [4]. - CFR Northeast Asia was 1,450, unchanged from the previous day and the previous week [4]. - CFR Southeast Asia was 1,700, unchanged from the previous day and the previous week [4]. Profit Information - The spot processing profit was 960, an increase of 51 from the previous day and a decrease of 1 from the previous week [4]. - The import profit was - 1,877, an increase of 7 from the previous day and a decrease of 210 from the previous week [4]. - The export profit was 2,499, a decrease of 7 from the previous day and an increase of 184 from the previous week [4]. 2. BD (Butadiene) Market Data Spot Market Information - The Shandong market price was 7,000, a decrease of 50 from the previous day and 195 from the previous week [4]. - The Jiangsu market price was 6,900, unchanged from the previous day [4]. - The Yangzi ex - factory price was 6,900, unchanged from the previous day [4]. - CFR China was 800, a decrease of 10 from the previous day [4]. Profit Information - The ethylene cracking profit was N/A [4]. - The import profit was 311, an increase of 84 from the previous day and 579 from the previous week [4]. - The export profit was - 811, a decrease of 217 from the previous day and 1,336 from the previous week [4]. - The butadiene - styrene production profit was 1,175, unchanged from the previous day and a decrease of 63 from the previous week [4]. - The ABS production profit was N/A [4]. - The SBS production profit was 1, unchanged from the previous day and a decrease of 90 from the previous week [4]. - The carbon - four extraction profit was N/A [4]. - The butylene oxidative dehydrogenation profit was - 1,774, unchanged from the previous day and a decrease of 398 from the previous week [4].
合成橡胶早报-20251110
Yong An Qi Huo·2025-11-10 00:35