Report Information - Report title: Synthetic Rubber Morning Report [2] - Research team: Energy and Chemicals Team of the Research Center [3] - Report date: January 6, 2026 [3] Key Points 1. BR (Butadiene Rubber) - Futures Information: On December 31st, the BR main contract (12) was at 11520, down 45 from the previous day and 115 for the week. The open interest was 41,261, down 8302 from the previous day and 23,244 for the week. The trading volume was 97,681, down 23,586 from the previous day and 98,389 for the week. The warrant quantity remained at 23,490, and the long - short ratio was 8.78, down 2 from the previous day and 5 for the week [4]. - Basis and Spread: The butadiene rubber basis was - 20, up 45 from the previous day and 315 for the week. The styrene - butadiene basis was 130, up 95 from the previous day and 565 for the week. The 02 - 03 spread was - 40, down 15 from the previous day and 35 for the week. The 03 - 04 spread was - 20, up 5 from the previous day and down 15 for the week. The RU - BR spread was 4085, down 20 from the previous day and 60 for the week. The NR - BR spread was 1105, down 20 from the previous day and 15 for the week [4]. - Spot Price: The Shandong market price was 11500, unchanged from the previous day and up 200 for the week. The Transfar market price was 11450, unchanged from the previous day and up 150 for the week. The Qilu ex - factory price was 11500, unchanged from the previous day and up 200 for the week. The CFR Northeast Asia price was $1415, unchanged from the previous day and up $15 for the week. The CFR Southeast Asia price was $1635, unchanged from the previous day and up $10 for the week [4]. - Profit: The spot processing profit was 523, up 46 from the previous day and down 9 for the week. The import profit was - 187, down 5 from the previous day and up 97 for the week. The export profit was 794, up 4 from the previous day and down 119 for the week [4]. 2. BD (Butadiene) - Spot Price: The Shandong market price was 8605, down 45 from the previous day and up 205 for the week. The Jiangsu market price was 8400, down 50 from the previous day and up 200 for the week. The Yangzi ex - factory price was 8400, up 100 from the previous day and up 300 for the week [4]. - Profit: The ethylene cracking profit was - 33, up 2 from the previous day and up 5 for the week. The carbon - four extraction profit on December 29th was 1604. The butene oxidative dehydrogenation profit was - 330, down 36 from the previous day and up 354 for the week. The import profit on December 26th was 410. The export profit on December 29th was - 1336. The styrene - butadiene production profit was 1038, down 88 from the previous day and down 150 for the week. The ABS production profit on December 4th was - 697. The SBS production profit on December 29th was - 790 [4].
合成橡胶早报-20260106
Yong An Qi Huo·2026-01-06 01:11