合成橡胶早报-20260116

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No information provided. 3. Summary by Relevant Catalogs BR (Butadiene Rubber) - Futures Indicators: The closing price of the BR main contract on 1/15 was 12,190, a daily decrease of 60 and a weekly decrease of 5. The open interest was 99,183, a daily decrease of 1,393. The trading volume was 150,035, a daily decrease of 26,996 and a weekly decrease of 17,602. The warehouse receipt quantity remained at 26,330, with a weekly increase of 2,000. The long - short ratio was 18.83, with a weekly increase of 13 [4]. - Basis/Spread/Inter - Variety: The butadiene rubber basis was - 190, a daily increase of 60 and a weekly increase of 5. The styrene - butadiene basis was 110, a daily increase of 110. The 02 - 03 spread was - 60, a daily decrease of 30 and a weekly decrease of 25. The 03 - 04 spread was - 35, a daily decrease of 10 and a weekly decrease of 20. The RU - BR spread was 3,805, a daily decrease of 105 and a weekly decrease of 120. The NR - BR spread was 660, a daily decrease of 105 and a weekly decrease of 210 [4]. - Spot (Domestic/External): The Shandong market price, Chuanhua market price remained unchanged at 12,000 and 11,950 respectively. The Qilu ex - factory price remained at 12,100, with a weekly increase of 200. The CFR Northeast Asia price remained at 1,450, with a weekly increase of 35. The CFR Southeast Asia price remained at 1,675, with a weekly increase of 40 [4]. - Profit: The spot processing profit was - 273, a daily decrease of 77 and a weekly decrease of 383. The import profit was 75, a daily increase of 7 and a weekly decrease of 237. The export profit was 603, a daily decrease of 7 and a weekly increase of 242 [4]. BD (Butadiene) - Spot (Domestic/External): The Shandong market price on 1/15 was 9,875, a daily increase of 75 and a weekly increase of 375. The Jiangsu market price remained at 9,650, with a weekly increase of 350. The Yangzi ex - factory price remained at 9,550, with a weekly increase of 450. The CFR China price remained at 1,140 [4]. - Profit: The ethylene cracking profit data on 1/15 was N/A. The carbon - four extraction profit data on 1/15 was N/A. The import profit was 516, a daily increase of 5 and a weekly decrease of 687. The export profit was - 1,432, a daily increase of 694 and a weekly increase of 1,281. The styrene - butadiene production profit was 663, a daily decrease of 25 and a weekly decrease of 225. The ABS production profit remained at - 871, with a weekly decrease of 58. The SBS production profit was - 615, a daily decrease of 30 and a weekly decrease of 220 [4].