Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Research Center's Energy and Chemicals Team [3] - Report Date: January 21, 2026 [3] Report Core Content 1. BR (Butadiene Rubber) Futures Market - On January 20, the closing price of the BR main contract was 11,585, a daily decrease of 20 and a weekly decrease of 665 [4]. - The open interest was 91,002, a daily decrease of 3,182 and a weekly decrease of 9,574 [4]. - The trading volume was 106,084, a daily decrease of 8,713 and a weekly decrease of 70,947 [4]. - The warrant quantity was 24,330, a daily decrease of 1,700 and a weekly decrease of 2,000 [4]. - The long - short ratio was 18.70, with a daily increase of 1 and a weekly increase of 0 [4]. Basis and Spread - The butadiene rubber basis was -32, a daily decrease of 130 and a weekly increase of 215 [4]. - The styrene - butadiene rubber basis was 315, a daily decrease of 180 and a weekly increase of 315 [4]. - The 02 - 03 spread was -25, with no daily change and a weekly decrease of 25 [4]. - The 03 - 04 spread was -40, a daily decrease of 10 and a weekly decrease of 15 [4]. - The RU - BR spread was 4,035, a daily decrease of 105 and a weekly increase of 125 [4]. - The NR - BR spread was 1,050, a daily decrease of 85 and a weekly increase of 200 [4]. Spot Market - The Shandong market price was 11,550, a daily decrease of 150 and a weekly decrease of 450 [4]. - The Transfar market price was 11,450, a daily decrease of 100 and a weekly decrease of 500 [4]. - The Qilu ex - factory price was 11,700, with no daily change and a weekly decrease of 400 [4]. - The CFR Northeast Asia price was 1,550, with no daily change and a weekly increase of 100 [4]. - The CFR Southeast Asia price was 1,750, with no daily change and a weekly increase of 75 [4]. Profit - The spot processing profit was -340, a daily decrease of 99 and a weekly decrease of 144 [4]. - The import profit was -1,140, a daily decrease of 144 and a weekly decrease of 1,208 [4]. - The export profit was 1,496, a daily increase of 125 and a weekly increase of 886 [4]. 2. BD (Butadiene) Spot Market - The Shandong market price was 9,500, a daily decrease of 50 and a weekly decrease of 300 [4]. - The Jiangsu market price was 9,300, a daily decrease of 100 and a weekly decrease of 350 [4]. - The Yangzi ex - factory price was 9,550, with no daily or weekly change [4]. - The CFR China price was 1,180, with no daily change and a weekly increase of 75 [4]. Profit - The ethylene cracking profit was -23 on January 19, and data for January 20 was not available [4]. - The C4 extraction profit was 2,742 on January 19, and data for January 20 was not available [4]. - The butadiene oxidative dehydrogenation profit was 710, a daily decrease of 100 and a weekly decrease of 280 [4]. - The import profit was -132, a daily decrease of 96 and a weekly decrease of 919 [4]. - The export profit was -758, a daily increase of 223 and a weekly increase of 1,926 [4]. Production Profit of Related Products - The styrene - butadiene production profit was 438, with no daily change and a weekly decrease of 250 [4]. - The ABS production profit data after January 17 was not available [4]. - The SBS production profit was -645, with no daily change and a weekly decrease of 60 [4].
合成橡胶早报-20260121
Yong An Qi Huo·2026-01-21 01:16