合成橡胶早报-20260204

Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: February 4, 2026 [3] BR (Butadiene Rubber) Futures Market - On February 3, the closing price of the BR main contract was 13,185, with a daily increase of 285 and a weekly decrease of 80 [4] - The position volume was 37,321, a daily decrease of 2,381 and a weekly decrease of 39,019 [4] - The trading volume was 278,095, a daily decrease of 159,214 and a weekly decrease of 236,837 [4] - The warrant quantity was 27,890, a daily decrease of 420 and a weekly decrease of 330 [4] - The long - short ratio was 6.69, with no daily change and a weekly decrease of 7 [4] Basis and Spread - The butadiene rubber basis was -382, a daily decrease of 235 and a weekly decrease of 70 [4] - The styrene - butadiene basis was 15, a daily decrease of 285 and a weekly increase of 80 [4] - The 02 - 03 spread was -195, a daily decrease of 90 and a weekly decrease of 120 [4] - The 03 - 04 spread was -60, a daily decrease of 25 and a weekly decrease of 70 [4] - The RU - BR spread was 2,992, a daily decrease of 85 and a weekly decrease of 100 [4] - The NR - BR spread was -90, a daily decrease of 115 and a weekly decrease of 15 [4] Spot Market - The Shandong market price was 12,800, a daily increase of 50 and a weekly decrease of 150 [4] - The Transfar market price was 12,700, with no daily change and a weekly decrease of 200 [4] - The Qilu ex - factory price was 13,000, with no daily or weekly change [4] - The CFR Northeast Asia price was 1,625, with no daily change and a weekly increase of 75 [4] - The CFR Southeast Asia price was 1,825, with no daily change and a weekly increase of 40 [4] Profit - The spot processing profit was -161, a daily increase of 50 and a weekly decrease of 176 [4] - The import profit was -453, a daily increase of 45 and a weekly decrease of 724 [4] - The export profit was 902, a daily decrease of 38 and a weekly increase of 394 [4] BD (Butadiene) Spot Market - The Shandong market price was 10,550, with no daily change and a weekly increase of 25 [4] - The Jiangsu market price was 10,500, a daily increase of 100 and a weekly increase of 50 [4] - The Yangzi ex - factory price was 10,500, with no daily change and a weekly decrease of 100 [4] - The CFR China price was 1,270, with no daily or weekly change [4] Profit - The ethylene cracking profit on February 2 was -24, and data on February 3 was not available [4] - The carbon - four extraction profit on February 2 was 3,528, and data on February 3 was not available [4] - The butene oxidative dehydrogenation profit was 1,910, a daily increase of 170 and a weekly increase of 50 [4] - The import profit was 381, a daily increase of 96 and a weekly increase of 62 [4] - The export profit was -949, a daily decrease of 84 and a weekly increase of 2,172 [4] - The styrene - butadiene production profit was 713, a daily increase of 50 and a weekly increase of 125 [4] - The ABS production profit data after January 28 was not available [4] - The SBS production profit was -1,045, a daily increase of 60 and a weekly increase of 130 [4]