Workflow
橡胶期货
icon
Search documents
永安合成橡胶早报-20250627
Yong An Qi Huo· 2025-06-27 02:09
Report Information - Report Title: Yongan Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: June 27, 2025 [3] Core Data Summary BR (Butadiene Rubber) - **Price and Volume**: On June 26, the closing price of the main contract was 11,195, down 30 from the previous day and 575 from the previous week; the position was 36,383, up 28,760 from the previous day and 21,249 from the previous week; the trading volume was 108,330, up 70,516 from the previous day and 27,228 from the previous week; the warrant quantity was 6,530, down 100 from the previous day and the previous week [4]. - **Basis and Spread**: The butadiene rubber basis was 30 higher than the previous day and 275 higher than the previous week; the 7 - 8 month spread was 120, down 30 from the previous day and 20 from the previous week; the 8 - 9 month spread was 90, up 10 from the previous day and unchanged from the previous week [4]. - **Market Price**: The Shandong market price was 11,550, unchanged from the previous day and down 300 from the previous week; the Chuanhua market price was 11,350, unchanged from the previous day and down 300 from the previous week; the Qilu ex - factory price was 11,700, unchanged from the previous day and down 300 from the previous week [4]. - **Processing and Import - Export**: The spot processing profit was - 85, up 153 from the previous day and 6 from the previous week; the on - disk processing profit was - 440, up 123 from the previous day and down 269 from the previous week; the import profit was - 83,843, unchanged from the previous day and up 2,291 from the previous week; the export profit was - 474, unchanged from the previous day and up 245 from the previous week [4]. BD (Butadiene) - **Market Price**: The Shandong market price was 9,250, down 150 from the previous day and 300 from the previous week; the Jiangsu market price was 9,250, down 100 from the previous day and 350 from the previous week; the Yangzi ex - factory price was 9,600, unchanged from the previous day and up 100 from the previous week; the CFR China price was 1,100, unchanged from the previous day and up 30 from the previous week [4]. - **Processing and Import - Export**: The carbon four extraction profit was N/A; the butene oxidative dehydrogenation profit was - 54, up 180 from the previous day and down 210 from the previous week; the import profit was 179, down 100 from the previous day and 579 from the previous week; the export profit was - 1,021, up 87 from the previous day and down 390 from the previous week [4]. Downstream Products - **Production Profit**: The butadiene - styrene rubber production profit was 263, unchanged from the previous day and down 325 from the previous week; the ABS production profit was 204, down 45 from the previous day and up 206 from the previous week; the SBS (791 - H) production profit was 960 (data incomplete), unchanged from the previous day and down 10 from the previous week [4]. Variety Spreads - **Inter - Variety Spread**: RU - BR was - 22,343, down 28,490 from the previous day and 21,239 from the previous week; NR - BR was - 24,238, down 28,425 from the previous day and 21,384 from the previous week; the Thai mixed - butadiene rubber spread was 2,400, up 250 from the previous day and 370 from the previous week; the 3L - butadiene - styrene rubber spread was 2,750, up 100 from the previous day and 150 from the previous week [4]. - **Intra - Variety Spread**: The butadiene rubber standard - non - standard price spread was 250, unchanged from the previous day and up 50 from the previous week; the butadiene - styrene rubber 1502 - 1712 spread was 1,150, up 50 from the previous day and down 50 from the previous week [4].
天然橡胶进口数据增长幅度较大 盘面或宽幅震荡
Jin Tou Wang· 2025-06-26 07:10
华联期货分析称,前产区物候正常,尽管价格下跌,但割胶积极性仍然偏强而且有惯性。今年天然橡胶 进口数据增长幅度较大,前五月同比增超20%,但青岛干胶库存近月总体横盘为主,最新一期累库 1.7%。国内方面,国内房地产依然拖累橡胶需求,1至5月房地产开发投资同比跌幅加深;重卡销量在 以旧换新政策刺激下边际改善,5月同比涨6%左右,2025年1-5月,重卡累计销量同比增约1%。全钢胎 开工率反弹超越去年同期水平,半钢胎开工率保持高位,工厂和渠道轮胎成品库存均偏高。操作上,多 单持有,ru09支撑位13500附近。 6月26日,国内期市能化板块涨跌不一。其中,天然橡胶期货主力合约开盘报13750.00元/吨,今日盘中 高位震荡运行;截至发稿,天然橡胶主力最高触及13995.00元,下方探低13700.00元,涨幅达1.56%附 近。 西南期货表示,海外进口货源或呈现季节性减少,产区原料未来有增量预期,本周期轮胎样本企业产能 利用率表现基本稳定,胶价或继续呈现宽幅震荡。 申银万国期货指出,周三天胶止跌反弹,天然橡胶产胶区新胶供应受到降雨等气候影响,原料胶价格受 到一定支撑。青岛地区总库存近期波动,关注后续是否能够持续去库 ...
上期所橡胶主力合约涨超2%
news flash· 2025-06-26 06:44
Group 1 - The main contract for rubber on the Shanghai Futures Exchange has increased by over 2%, currently priced at 14,025 yuan per ton [1]
化工日报:下游轮胎开工率环比回升-20250620
Hua Tai Qi Huo· 2025-06-20 03:10
1. Report Industry Investment Ratings - RU is rated neutral, NR is rated neutral, and BR is rated neutral [4][5] 2. Core Views of the Report - This week, rubber prices rebounded mainly due to rainfall interference in major production areas at home and abroad, a slight recovery in raw material prices, and the support of the rubber cost - end, as well as the drive of the rebound of surrounding butadiene rubber. The supply side continued a slight upward trend, and the demand side had no obvious highlights. However, due to the good production profit of tire factories, there was rigid procurement of raw materials, and the operating rate also showed a slight upward trend this week. The expected increase in future supply pressure will limit the upward space [5] - This week, there were no maintenance or restart devices for butadiene rubber, and the supply side was expected to remain stable. The recent production losses have been repaired but are still near the break - even point, and it is expected that there will be no substantial increase in future output for the time being. With the restart of the previous maintenance devices of downstream tire factories, the operating rate of semi - steel tires rebounded month - on - month. Given the current acceptable production profit of tire factories, it is expected that the factories will have a strong willingness to maintain the current operating rate. However, semi - steel tire factories still face the pressure of increasing finished product inventory. The supply - demand contradiction of butadiene rubber itself is not prominent. From the perspective of surrounding price differences, the price of natural rubber is still higher than that of synthetic rubber, and the downstream tire replacement demand still exists. Future prices may fluctuate with the price of upstream butadiene raw materials [5] 3. Summary by Relevant Catalogs Market News and Data - **Futures Prices**: On the previous trading day's close, the RU main contract was at 14,030 yuan/ton, up 20 yuan/ton from the previous day; the NR main contract was at 12,280 yuan/ton, down 50 yuan/ton from the previous day [1] - **Spot Prices**: The price of Yunnan - produced whole latex in the Shanghai market was 14,000 yuan/ton, unchanged from the previous day; the price of Thai mixed rubber in the Qingdao Free Trade Zone was 13,880 yuan/ton, up 30 yuan/ton from the previous day; the price of Thai 20 - grade standard rubber in the Qingdao Free Trade Zone was 1,715 US dollars/ton, down 10 US dollars/ton from the previous day; the price of Indonesian 20 - grade standard rubber in the Qingdao Free Trade Zone was 1,655 US dollars/ton, down 10 US dollars/ton from the previous day; the ex - factory price of BR9000 of PetroChina Qilu Petrochemical was 12,000 yuan/ton, unchanged from the previous day; the market price of BR9000 of Zhejiang Transfar was 11,650 yuan/ton, unchanged from the previous day [1] - **Production Data**: In May 2025, China's output of rubber tire casings was 101.993 million pieces, a year - on - year decrease of 1.2% [1] - **Passenger Car Market Data**: In May this year, the retail volume of the national passenger car market reached 1.932 million vehicles, a year - on - year increase of 13.3% and a month - on - month increase of 10.1%. From January to May this year, the cumulative retail volume of the passenger car market reached 8.811 million vehicles, a year - on - year increase of 9.1% [2] Market Analysis Natural Rubber - **Spot and Price Differences**: On June 19, 2025, the RU basis was - 30 yuan/ton (- 20), the price difference between the RU main contract and the mixed rubber was 150 yuan/ton (- 10), the import profit of smoked sheet rubber was - 6,922 yuan/ton (- 91.16), the NR basis was 22.00 yuan/ton (- 27.00); the whole latex was 14,000 yuan/ton (+ 0), the mixed rubber was 13,880 yuan/ton (+ 30), the 3L spot was 14,900 yuan/ton (- 50). The STR20 was quoted at 1,715 US dollars/ton (- 10), the price difference between the whole latex and the 3L was - 900 yuan/ton (+ 50); the price difference between the mixed rubber and the styrene - butadiene rubber was 1,680 yuan/ton (+ 30) [3] - **Raw Materials**: The price of Thai smoked sheet was 68.75 Thai baht/kg (+ 0.95), the price of Thai glue was 57.75 Thai baht/kg (+ 0.25), the price of Thai cup lump was 48.30 Thai baht/kg (+ 0.65), and the difference between Thai glue and cup lump was 9.45 Thai baht/kg (- 0.40) [3] - **Operating Rate**: The operating rate of all - steel tires was 61.39% (+ 2.69%), and the operating rate of semi - steel tires was 71.54% (+ 1.56%) [3] - **Inventory**: The social inventory of natural rubber was 1,278,303 tons (+ 3,253.00), the inventory of natural rubber in Qingdao Port was 606,975 tons (+ 1,410), the RU futures inventory was 193,070 tons (- 460), and the NR futures inventory was 34,876 tons (+ 13,003) [3] Butadiene Rubber - **Spot and Price Differences**: On June 19, 2025, the BR basis was - 170 yuan/ton (- 30), the ex - factory price of butadiene from Sinopec was 9,500 yuan/ton (+ 0), the price of BR9000 of Qilu Petrochemical was 12,000 yuan/ton (+ 0), the price of BR9000 of Zhejiang Transfar was 11,650 yuan/ton (+ 0), the price of private butadiene rubber in Shandong was 11,650 yuan/ton (+ 50), and the import profit of butadiene rubber in Northeast Asia was - 745 yuan/ton (+ 0) [3] - **Operating Rate**: The operating rate of high - cis butadiene rubber was 66.32% (+ 1.30%) [3] - **Inventory**: The inventory of butadiene rubber traders was 6,820 tons (+ 610), and the inventory of butadiene rubber enterprises was 26,950 tons (- 700) [3] Strategy - For RU and NR, maintain a neutral stance. For BR, also maintain a neutral stance [4][5]
日本橡胶期货主力合约涨幅达2%,报303日元/千克。
news flash· 2025-06-17 09:24
Group 1 - The core point of the article is that Japanese rubber futures have seen a significant increase, with the main contract rising by 2% to 303 yen per kilogram [1]
化工日报:轮胎厂开工率环比回升-20250613
Hua Tai Qi Huo· 2025-06-13 02:36
化工日报 | 2025-06-13 轮胎厂开工率环比回升 我国乘联分会发布的最新数据显示,今年5月,全国乘用车市场零售量达到193.2万辆,同比增长13.3%,环比增长 10.1%。今年1-5月,乘用车市场累计零售量达到881.1万辆,同比增长9.1%。 市场分析 天然橡胶: 现货及价差:2025-06-12,RU基差15元/吨(+5),RU主力与混合胶价差-15元/吨(-75),烟片胶进口利润-7639元/ 吨(-411.41),NR基差169.00元/吨(+68.00);全乳胶13600元/吨(-300),混合胶13600元/吨(-230),3L现货14850 元/吨(-200)。STR20#报价1685美元/吨(-30),全乳胶与3L价差-1250元/吨(-100);混合胶与丁苯价差1800元/吨 (-230); 市场要闻与数据 期货方面,昨日收盘RU主力合约13585元/吨,较前一日变动-305元/吨。NR主力合约11930元/吨,较前一日变动-285 元/吨。现货方面,云南产全乳胶上海市场价格13600元/吨,较前一日变动-300元/吨。青岛保税区泰混13600元/吨, 较前一日变动-230元/吨。 ...
银河期货天然橡胶及20号胶每日早盘观察-20250613
Yin He Qi Huo· 2025-06-13 01:07
RU、NR 日报 【银河期货】天然橡胶及 20 号胶每日早盘观察(25-06-13) 【市场情况】 RU 天然橡胶相关:RU 主力 09 合约报收 13695 点,上涨+110 点或+0.81%。 截至前日 12 时,销地 WF 报收 13750-13850 元/吨,越南 3L 混合报收 14900- 15000 元/吨,泰国烟片报收 19600-20200 元/吨,产地标二报收 13200-13300 元/ 吨。 NR 20 号胶相关:NR 主力 08 合约报收 11895 点,上涨+55 点或+0.46%;新 加坡 TF 主力 08 合约报收 159.2 点,下跌-3.3 点或-2.03%。截至前日 18 时,烟 片胶船货报收 2320 美元/吨,泰标近港船货报收 1675-1710 美元/吨,泰混近港船 货报收 1670-1710 美元/吨,马标近港船货报收 1665-1700 美元/吨,人民币混合 胶现货报收 13530-13550 元/吨。 援引乘联会数据:今年 5 月,全国乘用车市场零售量达到 193.2 万辆,同比增 长 13.3%,环比增长 10.1%。今年 1-5 月,乘用车市场累计零售量达 ...
化工日报:天然橡胶社会库存继续下降-20250612
Hua Tai Qi Huo· 2025-06-12 03:27
我国乘联分会发布的最新数据显示,今年5月,全国乘用车市场零售量达到193.2万辆,同比增长13.3%,环比增长 10.1%。今年1-5月,乘用车市场累计零售量达到881.1万辆,同比增长9.1%。 市场分析 化工日报 | 2025-06-12 天然橡胶社会库存继续下降 市场要闻与数据 期货方面,昨日收盘RU主力合约17380元/吨,较前一日变动-185元/吨。NR主力合约14870元/吨,较前一日变动-350 元/吨。现货方面,云南产全乳胶上海市场价格16700元/吨,较前一日变动-150元/吨。青岛保税区泰混17000元/吨, 较前一日变动-240元/吨。青岛保税区泰国20号标胶2100美元/吨,较前一日变动-25美元/吨。青岛保税区印尼20号 标胶2000美元/吨,较前一日变动-25美元/吨。中石油齐鲁石化BR9000出厂价格13600元/吨,较前一日变动0元/吨。 浙江传化BR9000市场价13550元/吨,较前一日变动-100元/吨。 近期市场资讯:QinRex据中国海关总署6月9日公布的数据显示,2025年5月中国进口天然及合成橡胶(含胶乳)合 计60.7万吨,较2024年同期的48.5万吨增加25 ...
化工日报:降雨干扰,云南胶水价格回升-20250611
Hua Tai Qi Huo· 2025-06-11 05:07
化工日报 | 2025-06-11 降雨干扰,云南胶水价格回升 市场要闻与数据 期货方面,昨日收盘RU主力合约13805元/吨,较前一日变动+80元/吨。NR主力合约12155元/吨,较前一日变动+105 元/吨。现货方面,云南产全乳胶上海市场价格13800元/吨,较前一日变动+100元/吨。青岛保税区泰混13740元/吨, 较前一日变动+100元/吨。青岛保税区泰国20号标胶1715美元/吨,较前一日变动+5美元/吨。青岛保税区印尼20号 标胶1665美元/吨,较前一日变动+5美元/吨。中石油齐鲁石化BR9000出厂价格11600元/吨,较前一日变动+0元/吨。 浙江传化BR9000市场价11450元/吨,较前一日变动+0元/吨。 近期市场资讯:QinRex据中国海关总署6月9日公布的数据显示,2025年5月中国进口天然及合成橡胶(含胶乳)合 计60.7万吨,较2024年同期的48.5万吨增加25.2%。2025年1-5月中国进口天然及合成橡胶(含胶乳)共计347.6万吨, 较2024年同期的281.4万吨增加23.5%。 开工率:全钢胎开工率为55.65%(-5.15%),半钢胎开工率为64.05%(-8 ...
合成橡胶:震荡运行
Guo Tai Jun An Qi Huo· 2025-06-03 04:20
杨鈜汉 投资咨询从业资格号:Z0021541 yanghonghan025588@gtjas.com 【基本面跟踪】 合成橡胶基本面数据 | 项目 | | 项目名称 | | 昨日数据 | 前日数据 | 变动幅度 | | --- | --- | --- | --- | --- | --- | --- | | 期货市场 | 顺丁橡胶主力 | 日盘收盘价 成交量 | (元/吨) (手) | 11,145 151,323 | 11,345 163,945 | -200 -12622 | | | (07合约) | 持仓量 | (手) | 28,417 | 33,898 | -5481 | | | | 成交额 | (万元) | 849,425 | 930,065 | -80640 | | 价差数据 | 基差 | 山东顺丁-期货主力 | | 455 | 205 | 250 | | | 月差 | BR06-BR07 | | -25 | -60 | 35 | | | 顺丁价格 | 华北顺丁 | (民营) | 11,350 | 11,450 | -100 | | | | 华东顺丁 | (民营) | 11,400 | 11,500 ...