Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: February 26, 2026 [3] Key Summary BR (Butadiene Rubber) - Futures Data: The closing price of the BR main contract on February 25 was 13,045, with no daily change and a weekly increase of 540. The open interest was 10,540, with no daily change and a weekly decrease of 4,450. The trading volume was 98,487, with no daily change and a weekly decrease of 53,686. The warrant quantity was 39,870, with no daily change and a weekly increase of 560. The long - short ratio was 1.32, with no daily change and a weekly decrease of 1 [4]. - Basis and Spread: The butadiene rubber basis was - 245, with no daily change and a weekly decrease of 190. The styrene - butadiene rubber basis was 105, with no daily change and a weekly decrease of 240. The 02 - 03 spread was - 665, with no daily change and a weekly increase of 320. The 03 - 04 spread was - 75, with no daily change and a weekly increase of 10. The RU - BR spread was 4,195, with no daily change and a weekly increase of 385. The NR - BR spread was 4,195, with no daily change and a weekly increase of 260 [4]. - Spot Price: The Shandong market price was 12,800, with no daily change and a weekly increase of 350. The Transfar market price was 12,800, with no daily change and a weekly increase of 200. The Qilu ex - factory price was 13,000, with no daily change and a weekly increase of 200. The CFR Northeast Asia price was 1,700, with no daily change and no weekly change. The CFR Southeast Asia price was 1,850, with no daily change and no weekly change [4]. - Profit: The spot processing profit was - 212, with no daily change and a weekly increase of 299. The import profit was - 919, with no daily change and a weekly increase of 398. The export profit was 968, with no daily change and a weekly decrease of 348 [4]. BD (Butadiene) - Spot Price: The Shandong market price was 10,600, with no daily change and a weekly increase of 50. The Jiangsu market price was 10,300, with no daily change and no weekly change. The Yangzi ex - factory price was 10,400, with no daily change and a weekly increase of 100. The CFR China price was 1,275, with a daily increase of 5 [4]. - Profit: The ethylene cracking profit was - 33. The carbon four extraction profit was 3,174. The butylene oxidation dehydrogenation profit was 1,780, with no daily change and a weekly decrease of 140. The import profit was 232, with a daily decrease of 39. The export profit was - 850, with a weekly decrease of 30. The styrene - butadiene production profit was 1,013, with no daily change and a weekly increase of 100. The ABS production profit was not available. The SBS production profit was - 745, with no daily change and a weekly increase of 100 [4]
合成橡胶早报-20260226
Yong An Qi Huo·2026-02-26 01:40