合成橡胶早报-20251222

Report Information - Report Title: "Synthetic Rubber Morning Report" [2] - Research Team: Research Center's Energy and Chemicals Team [3] - Report Date: December 22, 2025 [3] - Data Sources: Mysteel, Wind [8] 2. Core Data Summary BR (Butadiene Rubber) - Futures Information - On December 19, the BR主力合约 (12) was at 11020, with a daily change of -20 and a weekly change of 175 [4] - The holding volume was 101995, a daily increase of 619 and a weekly increase of 3952 [4] - The trading volume was 127276, a daily decrease of 158 and a weekly decrease of 82787 [4] - The warehouse receipt quantity was 20810, a daily increase of 630 and a weekly increase of 1630 [4] - The long - short ratio was 24.51, with a daily and weekly decrease of 1 [4] - Basis/Spread/Inter - variety - The butadiene rubber basis was -170, a daily increase of 20 and a weekly decrease of 75 [4] - The styrene - butadiene basis was 230, a daily decrease of 30 and a weekly decrease of 125 [4] - The 02 - 03 spread was -25, a daily decrease of 15 and a weekly increase of 5 [4] - The 03 - 04 spread was -5, a daily increase of 20 and a weekly increase of 20 [4] - The RU - BR spread was 4170, a daily decrease of 110 and a weekly decrease of 185 [4] - The NR - BR spread was 1340, a weekly decrease of 175 [4] - Spot Price - The Shandong market price was 10850, with no daily change and a weekly increase of 100 [4] - The Transfar market price was 10800, with no daily change and a weekly increase of 150 [4] - The Qilu ex - factory price was 10900, with no daily change and a weekly increase of 300 [4] - CFR Northeast Asia was 1350, with no daily change and a weekly increase of 25 [4] - CFR Southeast Asia was 1600, with no daily and weekly change [4] - Profit - The spot processing profit was 752, a daily increase of 51 and a weekly increase of 217 [4] - The import profit was -394, a daily increase of 3 and a weekly decrease of 91 [4] - The export profit was 1184, a daily decrease of 3 [4] BD (Butadiene) - Spot Price - The Shandong market price was 7825, a daily decrease of 50 and a weekly decrease of 115 [4] - The Jiangsu market price was 7700, a daily decrease of 50 and a weekly increase of 100 [4] - The Yangzi ex - factory price was 7800, with no daily change and a weekly increase of 250 [4] - CFR China was 870, with no daily and weekly change [4] - Profit - The ethylene cracking profit data on December 19 was N/A [4] - The carbon four extraction profit data on December 19 was N/A [4] - The import profit was 627, a daily decrease of 48 and a weekly increase of 26 [4] - The export profit was -1286, a daily increase of 42 and a weekly increase of 543 [4] - The styrene - butadiene production profit was 1213, with no daily change and a weekly increase of 25 [4] - The ABS production profit data on December 19 was N/A [4] - The SBS production profit was -392, a daily increase of 30 and a weekly increase of 70 [4]