合成橡胶早报-20251219

Report Summary 1. Report Industry Investment Rating - No information provided regarding the investment rating of the industry [1] 2. Core View of the Report - No clear - cut core view presented in the given content. The report mainly presents data on the synthetic rubber market [2] 3. Summary by Relevant Categories BR (Butadiene Rubber) - Futures Data - On December 18, the BR主力合约(12) was at 11040, down 120 from the previous day and up 320 from November 18. The holding volume was 101376, down 4040 from the previous day and up 11542 from November 18. The trading volume was 127434, down 54002 from the previous day and up 3589 from November 18. The warehouse receipt quantity reached 20180, up 500 from the previous day and up 1000 from November 18 [4] - The virtual - to - real ratio was 25.12, down 2 from the previous day and up 2 from November 18. The butadiene rubber basis was - 190, up 20 from the previous day and down 120 from November 18 [4] - The 02 - 03 spread was - 10, unchanged from the previous day and up 15 from November 18. The 03 - 04 spread was - 52, down 25 from the previous day and down 10 from November 18 [4] - The RU - BR spread was 4280, up 50 from the previous day and down 230 from November 18. The NR - BR spread was 1415, up 5 from the previous day and down 195 from November 18 [4] - Spot Data - The Shandong market price was 10850, down 100 from the previous day and up 200 from November 18. The Transfar market price was 10800, down 150 from the previous day and up 220 from November 18 [4] - The Qilu ex - factory price was 10900, unchanged from the previous day and up 300 from November 18. The CFR Northeast Asia price was 1350, unchanged from the previous day and up 25 from November 18. The CFR Southeast Asia price was 1600, unchanged from the previous day and unchanged from November 18 [4] - Profit Data - The spot processing profit was 618, up 119 from the previous day and down 183 from November 18. The import profit was - 398, down 100 from the previous day and up 18 from November 18. The export profit was 1188, up 87 from the previous day and down 191 from November 18 [4] BD (Butadiene) - Spot Data - The Shandong market price was 7875, down 215 from the previous day and up 375 from November 18. The Jiangsu market price was 7750, down 75 from the previous day and up 375 from November 18 [4] - The Yangtze ex - factory price was 7800, unchanged from the previous day and up 450 from November 18. The CFR China price was 870, unchanged from the previous day and up 10 from November 18 [4] - Profit Data - The ethylene cracking profit data on December 18 was N/A. The carbon - four extraction profit data on December 18 was also N/A. The butylene oxidative dehydrogenation profit was - 1234, down 175 from the previous day and up 275 from November 18 [4] - The import profit was 675, down 75 from the previous day and up 306 from November 18. The export profit was - 1328, up 136 from the previous day and up 300 from November 18 [4] - The styrene - butadiene production profit was 1213, unchanged from the previous day and down 125 from November 18. The ABS production profit was - 643, up 45 from the previous day and up 47 from November 18. The SBS production profit was - 425, unchanged from the previous day and up 100 from November 18 [4]