Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Date: February 27, 2026 [3] BR (Butadiene Rubber) Futures Market - On February 26, the closing price of the BR main contract was 12,700, a daily decrease of 345 and a weekly increase of 195 compared to January 28 [4]. - The open interest was 6,943, a daily decrease of 3,597 and a weekly decrease of 8,047 [4]. - The trading volume was 52,119, a daily decrease of 46,368 and a weekly decrease of 100,054 [4]. - The warrant quantity was 39,870, with no daily change and a weekly increase of 560 [4]. Basis and Spread - The butadiene rubber basis was -100, with a daily increase of 145 and a weekly decrease of 45 [4]. - The styrene - butadiene rubber basis was 300, with no daily change and a weekly decrease of 45 [4]. - The 02 - 03 spread was 310, a daily increase of 45 and a weekly increase of 365 [4]. - The 03 - 04 spread was -70, a daily increase of 5 and a weekly increase of 15 [4]. - The RU - BR spread was 4425, a daily increase of 230 and a weekly increase of 615 [4]. - The NR - BR spread was 1155, a daily increase of 220 and a weekly increase of 480 [4]. Spot Market - The Shandong market price was 12,600, a daily decrease of 200 and a weekly increase of 150 [4]. - The Transfar market price was 12,550, a daily decrease of 250 and a weekly decrease of 50 [4]. - The Qilu ex - factory price was 13,000, with no daily change and a weekly increase of 200 [4]. - The CFR Northeast Asia price was 1,700, with no daily or weekly change [4]. - The CFR Southeast Asia price was 1,850, with no daily or weekly change [4]. Profitability - The spot processing profit was -106, a daily increase of 106 and a weekly increase of 405 [4]. - The import profit was -1034, a daily decrease of 116 and a weekly increase of 283 [4]. - The export profit was 1066, a daily increase of 98 and a weekly decrease of 250 [4]. BD (Butadiene) Spot Market - The Shandong market price was 10,300, a daily decrease of 300 and a weekly decrease of 250 [4]. - The Jiangsu market price was 10,150, a daily decrease of 150 and a weekly decrease of 150 [4]. - The Yangzi ex - factory price was 10,200, a daily decrease of 200 and a weekly decrease of 100 [4]. - The CFR China price was 1275, with no daily change and the weekly comparison was N/A [4]. Profitability - The ethylene cracking profit was N/A, and previous data showed a range from -21 to -34 [4]. - The C4 extraction profit was N/A, and previous data showed a range from 3154 to 3604 [4]. - The import profit was 143, a daily decrease of 88, and the weekly comparison was N/A [4]. - The export profit was -771, a daily increase of 79 and a weekly increase of 50 [4]. Production Profit - The styrene - butadiene production profit was 1163, a daily increase of 150 and a weekly increase of 250 [4]. - The ABS production profit was -308, a daily increase of 16 and a weekly decrease of 139 [4]. - The SBS production profit was -701, a daily increase of 140 and a weekly increase of 240 [4].
合成橡胶早报-20260227
Yong An Qi Huo·2026-02-27 01:43