合成橡胶早报-20260115

Report Overview - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: January 15, 2026 [3] Key Data Summary BR (Butadiene Rubber) - Futures Information: The closing price of the BR main contract on January 14 was 12,250, with a daily increase of 250. The open interest was 100,576, a daily increase of 2,528, and a weekly increase of 66,594. The trading volume was 177,031, a daily increase of 46,860, and a weekly increase of 38,784. The warrant quantity remained unchanged at 26,330 on January 14, with a weekly increase of 1,970. The long - short ratio was 19.10, a daily increase of 1, and a weekly increase of 12 [4]. - Basis/Spread/Inter - variety Spread: The butadiene - styrene basis was - 150 on January 14, a daily increase of 205. The 02 - 03 spread was - 30, a daily increase of 35, and the 03 - 04 spread was - 25, a daily decrease of 5. The RU - BR spread was 3,910, a daily decrease, and the NR - BR spread was 765, a daily decrease of 75 [4]. - Spot Price: The Shandong market price was 12,000 on January 14, a daily increase of 100, and a weekly increase of 200. The Chuanhua market price was 11,950, a daily increase of 100, and a weekly increase of 200. The Qilu ex - factory price was 12,100, unchanged on January 14, with a weekly increase of 200. The CFR Northeast Asia price was 1,450, unchanged on January 14, with a weekly increase of 35. The CFR Southeast Asia price was 1,675, unchanged on January 14, with a weekly increase of 40 [4]. - Profit: The spot processing profit was - 196 on January 14, a daily decrease of 181, and a weekly decrease of 310. The import profit was 68, a daily increase of 94, and a weekly decrease of 51. The export profit was 610, a daily decrease of 82, and a weekly increase of 81 [4]. BD (Butadiene) - Spot Price: The Shandong market price was 9,800 on January 14, a daily increase of 275. The Jiangsu market price was 9,650, a daily increase of 325, and a weekly increase of 450. The Yangzi ex - factory price was 9,550, a daily increase of 350, and a weekly increase of 450. The CFR China price was 1,140, a daily increase of 35 [4]. - Profit: The ethylene cracking profit data on January 14 was N/A. The C4 extraction profit data on January 14 was N/A. The butylene oxidative dehydrogenation profit was 990, a daily increase of 355, and a weekly increase of 520. The import profit was 511, a daily increase of 45, and a weekly decrease of 755. The export profit was - 1,428, a daily increase of 418, and a weekly increase of 1,201. The styrene - butadiene production profit was 1,155, a daily decrease of 263, and a weekly decrease of 225. The ABS production profit data on January 14 was N/A. The SBS production profit was - 282, a daily decrease of 245, and a weekly decrease of 220 [4] Data Source - The data sources for the report are Mysteel and Wind [8]