合成橡胶早报-20260130

Report Overview - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Date: January 30, 2026 [3] - Data Sources: Mysteel, Wind [9] Key Data Summary BR Futures - Closing price of BR main contract on January 29: 13,390, up 125 from the previous day and 460 from the previous week [4] - Open interest on January 29: 68,184, down 8,156 from the previous day and 59,192 from the previous week [4] - Trading volume on January 29: 468,486, down 46,446 from the previous day but up 111,808 from the previous week [4] - Warehouse receipt quantity on January 29: 28,320, up 100 from the previous day and 1,400 from the previous week [4] - Virtual - to - physical ratio on January 29: 12.04, down 1 from the previous day and 12 from the previous week [4] Basis and Spread - Butadiene rubber (BR) basis: - Cis - butadiene basis on January 29: - 440, down 125 from the previous day and 210 from the previous week [4] - Styrene - butadiene basis on January 29: - 190, down 125 from the previous day and 60 from the previous week [4] - Month - to - month spreads: - 02 - 03 spread on January 29: - 90, down 15 from the previous day and 15 from the previous week [4] - 03 - 04 spread on January 29: - 25, down 15 from the previous day and 25 from the previous week [4] - Cross - commodity spreads: - RU - BR spread on January 29: 3,300, up 205 from the previous day but down 82 from the previous week [4] - NR - BR spread on January 29: 140, up 140 from the previous day and down 100 from the previous week [4] Spot Prices - BR spot prices: - Shandong market price on January 29: 12,950, unchanged from the previous day and up 250 from the previous week [4] - Transfar market price on January 29: 12,900, unchanged from the previous day and up 200 from the previous week [4] - Qilu ex - factory price on January 29: 13,000, unchanged from the previous day and up 300 from the previous week [4] - CFR Northeast Asia on January 29: 1,520, unchanged from the previous day and the previous week [4] - CFR Southeast Asia on January 29: 1,785, unchanged from the previous day and up 35 from the previous week [4] - Butadiene spot prices: - Shandong market price on January 29: 10,650, up 125 from the previous day and down 350 from the previous week [4] - Jiangsu market price on January 29: 10,550, up 100 from the previous day and down 150 from the previous week [4] - Yangzi ex - factory price on January 29: 10,600, unchanged from the previous day and up 100 from the previous week [4] - CFR China on January 29: 1,270, unchanged from the previous day and up 90 from the previous week [4] Profit Margins - BR profit margins: - Spot processing profit on January 29: - 113, down 128 from the previous day but up 607 from the previous week [4] - Import profit on January 29: 286, up 15 from the previous day and 299 from the previous week [4] - Export profit on January 29: 497, down 14 from the previous day and 20 from the previous week [4] - Butadiene profit margins: - Carbon - four extraction profit: data for January 29 is N/A [4] - Butene oxidative dehydrogenation profit on January 29: 1,918, up 28 from the previous day and down 192 from the previous week [4] - Import profit on January 29: 431, up 112 from the previous day and down 820 from the previous week [4] - Export profit on January 29: - 993, up 459 from the previous day and 2,329 from the previous week [4] - Other product profit margins: - Styrene - butadiene production profit on January 29: 588, unchanged from the previous day and up 388 from the previous week [4] - ABS production profit on January 29: - 1,315, down 97 from the previous day and up 72 from the previous week [4] - SBS production profit on January 29: - 1,175, unchanged from the previous day and up 285 from the previous week [4]