1. Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: February 10, 2026 [3] 2. BR (Butadiene Rubber) Data Summary Futures Data - On February 9, the closing price of the BR main contract was 12,810, up 20 from the previous day and down 375 week - on - week [4] - The position was 27,608, up 331 from the previous day and down 9,713 week - on - week [4] - The trading volume was 174,314, down 30,875 from the previous day and down 103,781 week - on - week [4] - The number of warehouse receipts was 32,270, up 100 from the previous day and up 4,380 week - on - week [4] - The long - short ratio was 4.28, unchanged from the previous day and down 2 week - on - week [4] Basis and Spread Data - The butadiene - styrene basis was 190, down 70 from the previous day and up 175 week - on - week [4] - The 02 - 03 spread was - 255, down 270 from the previous day and down 60 week - on - week [4] - The 03 - 04 spread was - 15, up 40 from the previous day and up 45 week - on - week [4] - The RU - BR spread was 3435, up 145 from the previous day and up 440 week - on - week [4] - The NR - BR spread was 340, up 80 from the previous day and up 430 week - on - week [4] Spot and Price Data - The Shandong market price was 12,500, down 200 from the previous day and down 300 week - on - week [4] - The Chuanhua market price was 12,600, down 100 from the previous day and down 100 week - on - week [4] - The Qilu ex - factory price was 12,800, unchanged from the previous day and down 200 week - on - week [4] - CFR Northeast Asia was 1700, up 75 from the previous day and up 75 week - on - week [4] - CFR Southeast Asia was 1850, up 25 from the previous day and up 25 week - on - week [4] Profit Data - The spot processing profit was - 382, down 328 from the previous day and down 224 week - on - week [4] - The import profit was - 1294, down 756 from the previous day and down 842 week - on - week [4] - The export profit was 1297, up 318 from the previous day and up 392 week - on - week [4] 3. BD (Butadiene) Data Summary Spot and Price Data - The Shandong market price was 10,475, up 125 from the previous day and down 75 week - on - week [4] - The Jiangsu market price was 10,300, up 50 from the previous day and down 200 week - on - week [4] - The Yangzi ex - factory price was 10,300, unchanged from the previous day and down 200 week - on - week [4] - CFR China was 1270, unchanged from the previous day and unchanged week - on - week [4] Profit Data - The ethylene cracking profit data on February 9 was N/A [4] - The C4 extraction profit data on February 9 was N/A [4] - The butene oxidative dehydrogenation profit was 1780, up 100 from the previous day and down 130 week - on - week [4] - The import profit was 215, up 74 from the previous day and down 166 week - on - week [4] - The export profit was - 804, down 63 from the previous day and up 2090 week - on - week [4] Production Profit Data - The styrene - butadiene production profit was 900, up 38 from the previous day and up 188 week - on - week [4] - The ABS production profit data after February 5 was N/A [4] - The SBS production profit was - 860, up 45 from the previous day and up 185 week - on - week [4]

Group 1 - The company held its 19th meeting of the second board of directors on February 9, 2026, with all 9 directors present, and the meeting complied with relevant regulations [2][3]. - The board approved the proposal to establish a wholly-owned subsidiary in Hong Kong with a maximum investment of $50 million [13][14]. - The board also approved a proposal for the wholly-owned subsidiary to provide financial assistance to a joint venture partner, Pioneer Co., with a loan of 138,181,389 rubles [23][25]. Group 2 - The company plans to set up a subsidiary named HAIAN INTERNATIONAL HOLDING (HONG KONG) LIMITED, with a registered capital of up to $50 million [14]. - The purpose of this investment is to optimize global resource allocation, expand overseas markets, and enhance the company's long-term competitiveness and shareholder returns [18]. - The financial assistance to Pioneer Co. is intended to meet its operational funding needs, with the loan being interest-free and due by December 31, 2028 [24][25]. Group 3 - The company announced a detailed breakdown of its fundraising projects, specifically the "Full Steel Giant Engineering Radial Tire Expansion Project," which will be refined to better align with national industrial policies [41][43]. - The total investment for the original expansion project is 194,545.33 million yuan, with 170,752.89 million yuan allocated from the raised funds [43]. - The company will split the construction of the rubber mixing section into a separate fundraising project named "High-Performance OTR Tire Production Line Supporting Project" [44]. Group 4 - The company will hold its second extraordinary general meeting of 2026 on March 2, 2026, with provisions for both in-person and online voting [48][51]. - The meeting will address ordinary resolution matters that require approval from shareholders holding more than half of the voting rights [55]. - The company will ensure that the interests of minority investors are considered, with separate counting of votes from minority shareholders [56].

证券日报网2月6日讯，嘉化能源（600273）在接受调研者提问时表示，公司推出的高性能合成橡胶项 目，主要是想借助公司所在的化工园区拥有项目所必要的主要原料及产业配套设施的优势，通过公司积 累多年的化工产业管理经验，以及便利的运输条件，能更好的管控成本和安全运营，生产高性能合成橡 胶。目前该项目尚在准备阶段。一直以来，公司始终围绕主业上下游发展，充分发展自身产业配套优 势，强化循环经济产业模式，挖潜增效，稳健发展。目前，除上述项目外，公司暂无重大项目投资计 划。如有，后续将按上市公司相关规定及时履行审议程序并对外公告。 ...

Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [2] - Date: February 6, 2026 [2] 1. Report Industry Investment Rating - Not provided in the given content. 2. Report Core View - Not explicitly stated in the given text. 3. Summary by Relevant Categories BR (Butadiene Rubber) Futures Data - On February 5, the BR主力合约's closing price was 12,855, a daily decrease of 460 and a weekly decrease of 235. The holding volume was 33,340, down 2,762 daily and 20,041 weekly. The trading volume was 311,702, with a daily increase of 88,839 but a weekly decrease of 361,018. The warehouse receipt quantity was 29,170, up 1,180 daily and 850 weekly [3]. - The virtual - real ratio was 6.97 on January 7 and 6.45 on February 4. The cis - butadiene spread was - 205 on February 5, with a daily increase of 260 and a weekly increase of 235. The styrene - butadiene spread was 145 on February 5, also with a daily increase of 260 and a weekly increase of 235 [3]. - The 02 - 03 spread was 230 on February 5, a daily increase of 335 and a weekly increase of 325. The 03 - 04 spread was - 70 on February 5, a daily decrease of 25 and a weekly decrease of 10 [3]. - The RU - BR spread was 3,320 on February 5, a daily increase of 250 and a weekly increase of 350. The NR - BR spread was 280 on February 5, a daily increase of 295 and a weekly increase of 435 [3]. Spot Data - The Shandong market price was 12,650 on February 5, a daily decrease of 200 and a weekly decrease of 300. The Transfar market price was 12,550 on February 5, a daily decrease of 250 and a weekly decrease of 350. The Qilu ex - factory price remained at 13,000 from February 3 - 5, with no daily or weekly change [3]. - CFR Northeast Asia was 1,625 on February 5, with no daily change but a weekly increase of 75. CFR Southeast Asia was 1,825 on February 5, with no daily change but a weekly increase of 40 [3]. Profit Data - The spot processing profit was 21 on February 5, a daily increase of 96 and a weekly increase of 182. The import profit was - 594 on February 5, a daily decrease of 200 and a weekly decrease of 876. The export profit was 1,027 on February 5, a daily increase of 174 and a weekly increase of 527 [3]. BD (Butadiene) Spot Data - The Shandong market price was 10,225 on February 5, a daily decrease of 290 and a weekly decrease of 475. The Jiangsu market price was 10,100 on February 5, a daily decrease of 325 and a weekly decrease of 500. The Yangzi ex - factory price remained at 10,500 from February 3 - 5, with no daily change and a weekly decrease of 100 [3]. - CFR China was 1,270 from February 3 - 5, with no daily or weekly change [3]. Profit Data - The ethylene cracking profit on February 3 was - 24, on February 4 was - 33. The carbon four extraction profit on February 3 was 3,510, on February 4 was 3,392. The butylene oxidative dehydrogenation profit was 1,510 on February 5, a daily decrease of 325 and a weekly decrease of 430 [3]. - The import profit was - 12 on February 5, a daily decrease of 325 and a weekly decrease of 491. The export profit was - 607 on February 5, a daily increase of 283 and a weekly increase of 2,512 [3]. - The styrene - butadiene production profit remained at 713 from February 3 - 5, with no daily change and a weekly increase of 125. The ABS production profit was - 424 on February 5, a daily increase of 104 and a weekly increase of 838. The SBS production profit remained at - 1045 from February 3 - 5, with no daily change and a weekly increase of 130 [3].

2月4日，高性能弹性体制造商阿朗新科宣布，其位于中国常州的全新Therban®氢化丁腈橡胶（HNBR）工厂正式开业。该工厂的投运将 拓展阿朗新科在氢化丁腈橡胶领域产能布局，并将进一步增强阿朗新科为中国乃至亚太地区客户提供可靠、高质量的弹性体解决方案的综合 能力，同时帮助满足新能源、新机动化及其他工业应用等战略领域对先进合成橡胶产品日益增长的需求。 开业仪式现场 仪式现场，阿朗新科股东委员会主席、沙特阿美石油公司液体化学品部门高级副总裁费萨尔·穆罕默德·阿尔·法基尔（Dr. Faisal Mohammed Al Faqeer），以及阿朗新科首席执行官尚博林（Stephan van Santbrink）出席本次活动。阿朗新科股东委员会代表、阿朗新科全球 及中国管理团队成员、客户及合作伙伴、常州本地政府领导及社区代表应邀参加。 全新工厂是一座业内先进的生产设施，设计年产能约5000吨，用于生产高性能Therban®氢化丁腈橡胶产品，可广泛应用于在极端工况下 对耐久性和可靠性具有高要求的应用场景，包括汽车零部件、石油和天然气系统、工业设备、航空航天、下一代新机动化电池等。 新工厂坐落于阿朗新科常州生产基地，与三元乙丙 ...

7200 ono 500 2000 400 1500 300 . IAN 1000 200 500 100 0 -100 8/1 7/1 10/1 \ 111 12/1-h 5/1 9/1 -500 -200 -1000 -300 -1500 -400 2023 -2025 -2023 -2024 2024 - 2025 -2026 2026 顺丁出口利润(东南亚) BR现货加工利润 6000 5000 5000 4000 4000 3000 3000 2000 2000 1000 1000 0 11/1 12/1 10/1 9/1 9/1/V 11/1 V 12/1 10/1 2/1 4/1 5/1 6/1 7/1 8/1 3/1 -1000 -1000 -2000 -2000 -2021 -2022 2025 =2023 -2024 ·2026 2021 -2022 -2023 2024 ·2026 2025 RU-BR NR-BR 6000 4000 3000 5000 2000 4000 1000 3000 An 0 2000 7/1 9/1 5/1 10/1 3/1 4/1 8/1 12/1 6/1 ...

【DT新材料】 获悉，近日，全球高性能弹性体制造商 阿朗新科 宣布，其位于中国常州的全新 Therban® 氢化丁腈橡胶（HNBR）工厂正式投运！ 该工厂的投运助力拓展了阿朗新科在氢化丁腈橡胶领域的产能布局，它坐落于阿朗新科常州生产基地内，与公司三元乙丙橡胶（EPDM）工厂以及亚洲 技术中心（RTC）毗邻而建。这背后释放出的信号非常明确：从技术研发、应用测试到规模化生产，阿朗新科正在中国构建一条完整的高性能弹性体能 力链。 新建成的 Therban® HNBR 工厂设计年产能约 5,000 吨，主要用于生产高性能氢化丁腈橡胶产品，应用场景覆盖汽车关键零部件、石油与天然气系 统、工业设备、航空航天、下一代新机动化电池系统 等。 这些领域有一个共同特征：材料必须在高温、高压、耐油、耐化学介质等极端工况下，长期保持可靠性。 HNBR，正是为这种"高要求、低容错"的应 用而存在。 /扫码加入行业交流群/ 化工新材料、复合材料、机器人、无人机、eVTOL、商业航天.....等产业同行❤️↓ FINE 2026 × Carbontech 2026.06.10 → 06.12 > 40 轻量化材料 · 纤维及复合材料: 碳 ...

官能化溶聚丁苯橡胶（官能化 SSBR 或 F-SSBR ）是一种高性能橡胶材料，主要用于高性能轮胎的制备。 官能化溶 聚丁苯橡胶通过在丁苯橡胶分子链上引入极性基团，改善了填料在橡胶中的分散性，抑制了聚合物链端的无序运动 生热，最终实现了降低轮胎滚动阻力、提高抗湿滑性能的目的。这种材料具有高耐磨、耐寒、低滚阻、低生热和高 回弹等优点，是新能源车胎不可或缺的关键核心材料 。 全球范围内，官能化溶聚丁苯橡胶主要生产商包括 Asahi Kasei , ENEOS, Synthos, Kumho Petrochemical , Zeon 等，他 们凭借强大的研发能力、早期技术积累和全球销售网络，在整个官能化 SSBR 市场中占据较高份额。其中，前三大 厂商占有约 44% 的市场收入份额。 官能化溶聚丁苯橡胶，全球市场规模，按产品类型细分 就产品类型而言，目前非充油是最主要的需求来源，占据大约 62% 的收入份额。 官能化溶聚丁苯橡胶，全球市场规模，按应用细分 根据 QYResearch 最新调研报告显示，预计 2 03 2 年全球官能化溶聚丁苯橡胶市场规模将达到 1,526.38 百万 美元， 未来几年年复合增长率 C ...

jis 合成橡胶早报 研究中心能化团队 2026/2/4 数据来源: Mysteel、Wind 免责 以上内容所依据的信息均来源于交易所、媒体及资讯公司等发布的公开资料或通过合法授权渠道向发布人取得的资讯，我们力求分析及建议内容的客观, 公正，研究方法专业审慎，分析结论合理，但我司对信息来源的推确性和完整性不作任何保证，也不保证所依据的信息和建议不会发生任何变化。我们提 供的全部分析及建议内容仅供参考，不构成时您的任何投资建议及入市依据，您应当自主做出期货交易决策，独立承担期货交易后果、凡据此入市者，我 司不承担任何责任。我司在为您提供服务时已最大程度避免与您产生利益冲突。未经我司授权，不得随意转载、复制、传播本网站中所有研究分析报告、 行情分析视频等全部或部分材料、内容。对可能因互联网软硬件设备故障或失灵、或因不可抗力造成的全部或部分信息中断、延迟、遗漏、误导或造成资 料传输或储存上的错误、或遭第三人侵入系统篡改或伪造变造资料等，我司均不承担任何责任。 | 品种 | 类别 | 指标 | 12/31 | 1/28 | 1/30 | 2/2 | 2/3 | 日度变化 | 周度变化 | | --- | --- | ...

生物可降解聚酯橡胶材料以丁二酸、癸二酸和1,4-丁二醇等为主要原料，经连续酯化、缩聚工艺制成， 在堆肥环境中130天内的生物降解率可达70%以上，最终分解为水和二氧化碳，具备绿色环保特性。此 材料可应用于轮胎制造、鞋材、手套、减震材料、PVC增韧、可控降解轮胎胎面及医用可降解骨蜡等领 域。生物可降解聚酯橡胶为全球首创、中国原创的橡胶品种，由北京化工大学先进弹性体材料研究中心 科研团队研发。 该项目落地于江苏如东洋口港临港工业区，总投资10.8亿元。项目采用"一次规划、三期建设"模式，分 三期建设，一期设计产能1万吨/年，二期设计产能5万吨/年，三期设计产能5万吨/年，项目全部建成后 可形成年产11万吨生物可降解聚酯橡胶新材料。 中化新网讯近日，江苏恒诺新材料科技有限公司年产11万吨的生物可降解聚酯橡胶项目一期1万吨工程 进入产线联动与试生产阶段。 ...