合成橡胶早报-20260107

Report Information - Report Title: Synthetic Rubber Morning Report [2] - Team: Research Center's Energy and Chemicals Team [3] - Date: January 7, 2026 [3] - Data Sources: Mysteel, Wind [8] Report Content Summary BR (Butadiene Rubber) Futures Information - BR主力合约(12) price increased from 10,410 on December 5 to 11,830 on January 6, with a daily change of 185 and a weekly change of 265 [4] - Open interest decreased from 30,197 on December 5 to 37,293 on January 6, with a daily change of -2,944 and a weekly change of -12,270 [4] - Trading volume increased from 65,443 on December 5 to 125,869 on January 6, with a daily change of 38,515 and a weekly change of 4,602 [4] - Warehouse receipt quantity remained at 23,160 on January 6, with a weekly change of -330 [4] - The long - short ratio decreased from 11.34 on December 5 to 8.05 on January 6, with a daily change of -1 and a weekly change of -2 [4] Basis and Spread Information - The basis of cis - butadiene decreased from 40 on December 5 to -80 on January 6, with a daily change of -35 and a weekly change of -15 [4] - The basis of styrene - butadiene decreased from 540 on December 5 to 70 on January 6, with a daily change of -85 and a weekly change of 35 [4] - The 02 - 03 spread changed from -30 on December 5 to -25 on January 6, with a daily change of 15 and a weekly change of 0 [4] - The 03 - 04 spread changed from -50 on December 5 to 0 on January 6, with a daily change of 15 and a weekly change of 25 [4] - The RU - BR spread increased from 4,655 on December 5 to 4,220 on January 6, with a daily change of 75 and a weekly change of 115 [4] - The NR - BR spread increased from 1,635 on December 5 to 1,180 on January 6, with a daily change of 20 and a weekly change of 55 [4] Spot Price Information - The Shandong market price increased from 10,450 on December 5 to 11,750 on January 6, with a daily change of 150 and a weekly change of 250 [4] - The Transfar market price increased from 10,400 on December 5 to 11,750 on January 6, with a daily change of 200 and a weekly change of 300 [4] - The Qilu ex - factory price increased from 10,600 on December 5 to 11,700 on January 6, with a daily change of 200 and a weekly change of 200 [4] - CFR Northeast Asia remained at 1,415 from December 30 to January 6, with no daily or weekly change [4] - CFR Southeast Asia remained at 1,635 from December 30 to January 6, with no daily or weekly change [4] Profit Information - Spot processing profit decreased from 906 on December 5 to 217 on January 6, with a daily change of -54 and a weekly change of -260 [4] - Import profit increased from -442 on December 5 to 76 on January 6, with a daily change of 145 and a weekly change of 258 [4] - Export profit decreased from 1,401 on December 5 to 690 on January 6, with a daily change of -125 and a weekly change of -225 [4] BD (Butadiene) Spot Price Information - The Shandong market price increased from 7,200 on December 5 to 9,150 on January 6, with a daily change of 200 and a weekly change of 500 [4] - The Jiangsu market price increased from 7,050 on December 5 to 9,000 on January 6, with a daily change of 250 and a weekly change of 550 [4] - The Yangzi ex - factory price increased from 7,100 on December 5 to 8,800 on January 6, with a weekly change of 500 and no daily change on January 6 [4] - CFR China increased from 850 to 975, with a daily change of 10 and a weekly change of 10 [4] Profit Information - Ethylene cracking profit changed from -64 on December 5 to -20 on January 5, and data for January 6 is not available [4] - Carbon four extraction profit increased from 172 on December 5 to 2,201 on January 5, and data for January 6 is not available [4] - Butene oxidative dehydrogenation profit increased from -1,764 on December 5 to 200 on January 6, with a daily change of 250 and a weekly change of 494 [4] - Import profit increased from 108 on December 5 to 1,150 on January 6, with a daily change of 167 and a weekly change of 476 [4] - Export profit data has some missing values, and the trend is not fully clear [4] Production Profit of Related Products - Styrene - butadiene production profit decreased from 1,538 on December 5 to 938 on January 6, with a daily change of 200 and a weekly change of -188 [4] - ABS production profit data has some missing values, and the trend is not fully clear [4] - SBS production profit increased from -335 on December 5 to -152 on January 6, with a daily change of 300 and a weekly change of 183 [4]