永安期货合成橡胶早报-20260119

Report Overview - Report title: Synthetic Rubber Morning Report [2][10] - Report date: January 19, 2026 [3][11] - Report team: Research Center's Energy and Chemicals Team [3][11] Report Content Summary 1. BR (Butadiene Rubber) Futures Market - The closing price of the BR main contract on January 15 was 12,190, a daily decrease of 60 and a weekly increase of 175 compared to December 17 [4][12]. - The open interest on January 15 was 99,183, a daily decrease of 1,393 and a weekly increase of 72,844 [4][12]. - The trading volume on January 15 was 150,035, a daily decrease of 26,996 and a weekly increase of 48,814 [4][12]. - The warehouse receipt quantity remained at 26,330, with no daily change and a weekly increase of 2,000 [4][12]. - The virtual - real ratio was 18.83, with no daily change and a weekly increase of 13 [4][12]. Basis and Spread - The butadiene rubber basis was -190 on January 15, a daily increase of 60 and a weekly decrease of 125 [4][12]. - The styrene - butadiene spread was 110 on January 15, a daily increase of 110 and a weekly decrease of 75 [4][12]. - The 02 - 03 spread was -60 on January 15, a daily decrease of 30 and a weekly decrease of 10 [4][12]. - The 03 - 04 spread was -35 on January 15, a daily decrease of 10 and a weekly decrease of 15 [4][12]. - The RU - BR spread was 3,802 on January 15, a daily decrease of 105 and a weekly decrease of 210 [4][12]. - The NR - BR spread was 660 on January 15, a daily decrease of 105 and a weekly decrease of 275 [4][12]. Spot Market - The Shandong market price was 12,000 on January 15, with no daily change and a weekly increase of 50 [4][12]. - The Transfar market price was 11,950 on January 15, with no daily change and a weekly increase of 50 [4][12]. - The Qilu ex - factory price was 12,100 on January 15, with no daily change and a weekly increase of 200 [4][12]. - The CFR Northeast Asia price was 1,450 on January 15, with no daily change [4][12]. - The CFR Southeast Asia price was 1,675 on January 15, with no daily change and a weekly increase of 40 [4][12]. Profit - The spot processing profit was -273 on January 15, a daily decrease of 77 and a weekly decrease of 384 [4][12]. - The import profit was 75 on January 15, a daily increase of 7 and a weekly decrease of 211 [4][12]. - The export profit was 603 on January 15, a daily decrease of 7 and a weekly increase of 222 [4][12]. 2. BD (Butadiene) Spot Market - The Shandong market price was 9,875 on January 15, a daily increase of 75 and a weekly increase of 425 [4][12]. - The Jiangsu market price was 9,650 on January 15, with no daily change and a weekly increase of 400 [4][12]. - The Yangzi ex - factory price was 9,550 on January 15, with no daily change and a weekly increase of 450 [4][12]. - The CFR China price was 1,140 [4][12]. Profit - The ethylene cracking profit was -33 on January 15, a daily increase of 3 and a weekly increase of 9 [4][12]. - The carbon four extraction profit reached 2,648, with subsequent data unavailable [4][12]. - The butene oxidative dehydrogenation profit was 990 on January 15, with no daily change and a weekly increase of 400 [4][12].