合成橡胶早报-20260105

Report Overview - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy & Chemicals Team of the Research Center [3] - Date: January 5, 2026 [3] Core Data Summary 1. BR (Butadiene Rubber) Futures Data - BR主力合约(12): Price on December 31st was 11,520, with a daily change of -45 and a weekly change of -115 [4] - 持仓量 (Open Interest): 41,261 on December 31st, a daily decrease of 8,302 and a weekly decrease of 23,244 [4] - 成交量 (Trading Volume): 97,681 on December 31st, a daily decrease of 23,586 and a weekly decrease of 98,389 [4] - 仓単数量 (Warehouse Receipts): 23,490, no change on a daily or weekly basis [4] - 虚实比 (Ratio of Open Interest to Warehouse Receipts): 8.78 on December 31st, a daily decrease of 2 and a weekly decrease of 5 [4] Basis and Spread Data - 顺丁基差 (Butadiene Rubber Basis): -20 on December 31st, a daily increase of 45 and a weekly increase of 315 [4] - 02 - 03 Spread: -40 on December 31st, a daily decrease of 15 and a weekly decrease of 35 [4] - 03 - 04 Spread: -20 on December 31st, a daily increase of 5 and a weekly decrease of 12 [4] - RU - BR Spread: 4,085 on December 31st, a daily decrease of 20 and a weekly decrease of 60 [4] - NR - BR Spread: 1,105 on December 31st, a daily decrease of 20 and a weekly decrease of 15 [4] Spot and Price Data - 山东市场价 (Shandong Market Price): 11,500 on December 31st, no daily change and a weekly increase of 200 [4] - 传化市场价 (Transfar Market Price): 11,450 on December 31st, no daily change and a weekly increase of 150 [4] - 齐鲁出厂价 (Qilu Factory Price): 11,500 on December 31st, no daily change and a weekly increase of 200 [4] - CFR东北亚 (CFR Northeast Asia): 1,415 on December 31st, no daily change and a weekly increase of 15 [4] - CFR东南亚 (CFR Southeast Asia): 1,635 on December 31st, no daily change and a weekly increase of 10 [4] Profit Data - 现货加工利润 (Spot Processing Profit): 523 on December 31st, a daily increase of 46 and a weekly decrease of 9 [4] - 进口利润 (Import Profit): -187 on December 31st, a daily decrease of 5 and a weekly increase of 97 [4] - 出口利润 (Export Profit): 794 on December 31st, a daily increase of 4 and a weekly decrease of 119 [4] 2. BD (Butadiene) Spot and Price Data - 山东市场价 (Shandong Market Price): 8,605 on December 31st, a daily decrease of 45 and a weekly increase of 205 [4] - 江苏市场价 (Jiangsu Market Price): 8,400 on December 31st, a daily decrease of 50 and a weekly increase of 200 [4] - 扬子出厂价 (Yangzi Factory Price): 8,400 on December 31st, a daily increase of 100 and a weekly increase of 300 [4] Profit Data - 乙烯裂解利润 (Ethylene Cracking Profit): -33 on December 31st, a daily increase of 2 [4] - 碳四抽提利润 (C4 Extraction Profit): Data on December 31st is N/A [4] - 丁烯氧化脱氢利润 (Butylene Oxidative Dehydrogenation Profit): Data not provided [4] - 进口利润 (Import Profit): Data on December 31st is N/A [4] - 出口利润 (Export Profit): -1,301 on December 31st, a daily increase of 46 and a weekly increase of 588 [4] - 丁苯生产利润 (Styrene - Butadiene Rubber Production Profit): 1,038 on December 31st, a daily decrease of 88 and a weekly decrease of 150 [4] - ABS生产利润 (ABS Production Profit): Data on December 31st is N/A [4] - SBS生产利润 (SBS Production Profit): Data on December 31st is N/A [4] Data Sources - Mysteel, Wind [8]