Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: December 9, 2025 [3] Key Data Summary BR (Butadiene Rubber) - Futures Information: The closing price of the BR main contract (12) on December 8 was 10,515, with a daily increase of 105 and a weekly decrease of 170. The open interest was 27,454, a daily decrease of 2,743 and a weekly decrease of 18,149. The trading volume was 62,819, a daily decrease of 2,624 and a weekly decrease of 108,468. The warrant quantity was 17,320, a daily increase of 4,000 and a weekly increase of 1,830. The long - short ratio was 7.93, a daily decrease of 3 and a weekly decrease of 7 [4]. - Basis/Spread/Inter - Variety: The butadiene rubber basis was - 15, with a daily change not provided and a weekly increase of 170. The styrene - butadiene basis was 435, a daily decrease of 105 and a weekly increase of 120. The 12 - 01 spread was 10, a daily increase of 45. The 01 - 02 spread was - 15, a daily increase of 10 and a weekly change of 0. The RU - BR spread was 4,550, a daily decrease of 105 and a weekly decrease of 125. The NR - BR spread was 1,550, a daily decrease of 85 and a weekly increase of 5 [4]. - Spot Price: The Shandong market price was 10,500, a daily increase of 50 and a weekly change of 0. The Transfar market price was 10,400, with no daily or weekly change. The Qilu ex - factory price was 10,600, with no daily or weekly change. The CFR Northeast Asia price was 1,300, with no daily change and a weekly decrease of 25. The CFR Southeast Asia price was 1,575, with no daily change and a weekly decrease of 25 [4]. - Profit: The spot processing profit was 854, a daily decrease of 52 and a weekly increase of 204. The import profit was - 389, a daily increase of 52 and a weekly increase of 200. The export profit was 1,356, a daily decrease of 46 and a weekly decrease of 177 [4]. BD (Butadiene) - Spot Price: The Shandong market price was 7,300, a daily increase of 100 and a weekly decrease of 200. The Jiangsu market price was 7,250, a daily increase of 200 and a weekly change of 0. The Yangzi ex - factory price was 7,200, a daily increase of 100 and a weekly increase of 100. The CFR China price was 860, a daily increase of 10 and a weekly increase of 40 [4]. - Profit: The ethylene cracking profit data was incomplete. The C4 extraction profit data was incomplete. The butene oxidative dehydrogenation profit was - 1,564, a daily increase of 200. The import profit was 229, a daily increase of 122 and a weekly decrease of 319. The export profit was - 1,014, a daily decrease of 34 and a weekly increase of 283. The styrene - butadiene production profit was 1,450, a daily decrease of 88 and a weekly decrease of 113. The ABS production profit data was incomplete. The SBS production profit was - 405, a daily decrease of 70 and a weekly decrease of 100 [4]
合成橡胶早报-20251209
Yong An Qi Huo·2025-12-09 02:16