Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: December 17, 2025 [3] Report Content BR (Cis - Polybutadiene Rubber) Futures Market - On December 16, the BR main contract (12) was at 10,930, up 85 from the previous day and 355 for the week [4]. - Open interest reached 101,056, an increase of 3,013 from the previous day and 20,510 for the week [4]. - Trading volume was 140,807, a decrease of 69,256 from the previous day but an increase of 13,815 for the week [4]. - Warehouse receipt quantity remained at 19,180, with no change from the previous day and an increase of 160 for the week [4]. - The long - short ratio was 26.34, up 1 from the previous day and 5 for the week [4]. Basis/Spread/Inter - Variety - The cis - polybutadiene basis was - 180, down 85 from the previous day and 125 for the week [4]. - The butadiene basis was 270, down 85 from the previous day and 175 for the week [4]. - The 02 - 03 spread was - 25, up 5 from the previous day and down 10 for the week [4]. - The 03 - 04 spread was - 25, unchanged from the previous day and down 10 for the week [4]. - The RU - BR spread was 4,240, down 115 from the previous day and 370 for the week [4]. - The NR - BR spread was 1,455, down 60 from the previous day and 210 for the week [4]. Spot Market - The Shandong market price was 10,750, unchanged from the previous day and up 200 for the week [4]. - The Transfar market price was 10,650, unchanged from the previous day and up 150 for the week [4]. - The Qilu ex - factory price was 10,700, up 100 from the previous day and 100 for the week [4]. - CFR Northeast Asia was 1,350, up 25 from the previous day and 25 for the week [4]. - CFR Southeast Asia was 1,600, unchanged from the previous day and for the week [4]. Profit - Spot processing profit was 543, up 92 from the previous day but down 259 for the week [4]. - Import profit was - 503, down 199 from the previous day but up 26 for the week [4]. - Export profit was 1,280, unchanged from the previous day and down 199 for the week [4]. BD (Butadiene) Spot Market - The Shandong market price was 7,850, down 90 from the previous day and up 450 for the week [4]. - The Jiangsu market price was 7,625 [4]. - The Yangzi ex - factory price was 7,550, unchanged from the previous day and up 350 for the week [4]. - CFR China was 870, unchanged from the previous day and up 10 for the week [4]. Profit - Ethylene cracking profit was N/A [4]. - C4 extraction profit was N/A [4]. - Butene oxidative dehydrogenation profit was - 1,259, up 375 [4]. - Import profit was 547, up 25 from the previous day and 311 for the week [4]. - Export profit was - 1,287, down 22 from the previous day and up 226 for the week [4]. Production Profit - Styrene - butadiene production profit was 1,288, up 100 from the previous day and down 163 for the week [4]. - ABS production profit was N/A [4]. - SBS production profit was - 465, unchanged from the previous day and down 45 for the week [4]
合成橡胶早报-20251217
Yong An Qi Huo·2025-12-17 01:26