Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: February 3, 2026 [3] Key Data Summary BR (Butadiene Rubber) - **Futures Data**: On February 2, the closing price of the BR main contract was 12,900, a daily decrease of 490 and a weekly decrease of 145; the position was 39,702, a daily decrease of 13,679 and a weekly decrease of 39,793; the trading volume was 437,309, a daily decrease of 235,411 and a weekly decrease of 312,510; the warrant quantity was 28,310, a daily decrease of 10 and a weekly increase of 190; the long - short ratio was 7.01, a daily decrease of 2 and a weekly decrease of 7 [4]. - **Basis and Spread Data**: The butadiene - styrene basis was 300, a daily increase of 390 and a weekly increase of 145; the 02 - 03 spread was - 105, a daily decrease of 10 and a weekly decrease of 65; the 03 - 04 spread was - 35, a daily increase of 25 and a weekly decrease of 50; the RU - BR spread was 3080, a daily increase of 110 and a weekly decrease of 80; the NR - BR spread was 25, a daily increase of 180 and a weekly decrease of 15 [4]. - **Spot Price Data**: The Shandong market price was 12,750, a daily decrease of 200 and a weekly decrease of 50; the Transfar market price was 12,700, a daily decrease of 200 and a weekly decrease of 50; the Qilu ex - factory price was 13,000, with no daily or weekly change; CFR Northeast Asia was 1625, a daily increase of 75 and a weekly increase of 75; CFR Southeast Asia was 1825, a daily increase of 40 and a weekly increase of 75 [4]. - **Profit Data**: The spot processing profit was - 211, a daily decrease of 47 and a weekly increase of 154; the import profit was - 497, a daily decrease of 780 and a weekly decrease of 619; the export profit was 944, a daily increase of 444 and a weekly increase of 546 [4]. BD (Butadiene) - **Spot Price Data**: The Shandong market price was 10,550, a daily decrease of 150 and a weekly decrease of 200; the Jiangsu market price was 10,400, a daily decrease of 200 and a weekly decrease of 300; the Yangzi ex - factory price was 10,500, a daily decrease of 100 and a weekly decrease of 300; CFR China was 1270, with a weekly increase of 20 [4]. - **Profit Data**: The ethylene cracking profit data was incomplete, with the last available data on January 30 at - 29; the carbon four extraction profit data was incomplete; the butene oxidative dehydrogenation profit was 1740, a daily decrease of 200 and a weekly decrease of 370; the import profit was 285, a daily decrease of 193 and a weekly decrease of 442; the export profit was - 866, a daily increase of 168 [4]. Production Profit of Related Products - The butadiene - styrene production profit was 663, a daily increase of 75 and a weekly increase of 388; the ABS production profit data was incomplete; the SBS production profit was - 1105, a daily increase of 70 and a weekly increase of 165 [4].

Summary of Conference Call on Rubber Industry Industry Overview - The conference call discusses the rubber industry, specifically focusing on natural rubber and its price dynamics influenced by various factors such as supply constraints and macroeconomic conditions [1][3]. Key Points and Arguments Price Dynamics - Recent increases in natural rubber prices are driven by a tight supply of butadiene (BR) due to the closure of overseas petrochemical plants, coupled with China's cost advantages in butadiene production [1][3]. - The price of natural rubber is expected to continue rising through the first half of the year due to ongoing supply constraints [1][3]. Supply Chain Insights - Thai rubber processing plants are facing raw material shortages and currency appreciation pressures, leading to low inventory levels [1][4]. - Major manufacturers are optimistic about future market conditions, as indicated by their preference for selling forward contracts [1][5]. Downstream Demand - Tire manufacturers are actively stocking up before the Spring Festival, with full-steel tire production temporarily halted due to weather conditions, but expected to resume earlier than semi-steel tires [1][6]. - The demand for natural rubber is likely to increase if butadiene prices continue to rise, with a potential substitution rate of about 5% from synthetic rubber to natural rubber [1][7]. Inventory and Market Expectations - Domestic rubber inventory has decreased but remains high, with expectations of reaching a peak post-Spring Festival before gradually being consumed [1][8][9]. - The overall market outlook remains optimistic, with expectations of reduced inventory pressure as downstream enterprises resume operations and demand increases in the latter half of the first quarter and into the second quarter [1][9]. Regulatory Impact - The EU's anti-dumping ruling has been postponed until June, prompting downstream companies to stock up before the deadline, with expectations that this demand will continue until March [1][14][15]. - High anticipated tax rates (over 40%) on Chinese tires in the EU could diminish competitiveness, leading to a shift in production bases to countries like Thailand and Vietnam to avoid tariffs [1][16]. Economic Conditions - The domestic market for tires remains relatively strong, with leading manufacturers showing better profit margins compared to rubber producers [1][17]. - The demand for full-steel tires is healthy, while semi-steel tires face overcapacity issues [1][17]. Price Stability Expectations - The average cash flow turnover for upstream producers is currently six months, and if cup rubber prices continue to rise, production cuts may be necessary to stabilize prices around 52-53 yuan/kg [1][18]. Challenges in Price Transmission - The inability of non-standard rubber price increases to transmit downstream is attributed to supply-demand imbalances and high inventory levels [1][19]. Market Behavior - There is no evidence of collusion among Thai processing plants to control prices, despite pressures from organizations to maintain fair pricing for farmers [1][20]. Use of Recycled Rubber - While major tire manufacturers utilize some recycled rubber, its high cost and inferior performance compared to natural rubber limit its widespread adoption [1][21]. Additional Important Insights - The conference highlighted the complex interplay between upstream supply constraints, downstream demand dynamics, and regulatory impacts on the rubber market, indicating a need for strategic adjustments by manufacturers to navigate the evolving landscape [1][3][14][16].

Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: February 2, 2026 [3] - Data Sources: Mysteel, Wind [9] Summary of Key Points 1. BR (Butadiene Rubber) Futures Market - **Closing Price**: The closing price of the BR main contract on January 30th was 13,390, with no daily change and a weekly increase of 125 [4]. - **Open Interest**: The open interest on January 30th was 53,381, a daily decrease of 14,803 and a weekly decrease of 38,273 [4]. - **Trading Volume**: The trading volume on January 30th was 672,720, a daily increase of 204,234 and a weekly decrease of 74,749 [4]. - **Warehouse Receipt Quantity**: The warehouse receipt quantity on January 30th was 28,320, with no daily change and a weekly increase of 800 [4]. - **Virtual - Physical Ratio**: The virtual - physical ratio on January 30th was 9.42, a daily decrease of 3 and a weekly decrease of 7 [4]. Price Differences - **Spread between Butadiene and Styrene - Butadiene Rubber (SBR)**: The spread on January 30th was -90, a daily increase of 100 and a weekly decrease of 25 [4]. - **Spread between Contracts**: The 02 - 03 spread on January 30th was -82, a daily decrease of 5 and a weekly increase of 5; the 03 - 04 spread was -60, a daily decrease of 5 and a weekly decrease of 100 [4]. - **Spread between Different Rubber Types**: The RU - BR spread on January 30th was 2,970, a daily decrease of 330 and a weekly increase of 5; the NR - BR spread was -152, a daily decrease of 220 [4]. Spot Market - **Domestic Market Prices**: The Shandong market price on January 30th was 12,950, with no daily change and a weekly increase of 50; the Transfar market price was 12,900, with no daily or weekly change; the Qilu ex - factory price was 13,000, with no daily or weekly change [4]. - **International Market Prices**: The CFR Northeast Asia price on January 30th was 1,550, with no daily or weekly change; the CFR Southeast Asia price was 1,785, with no daily change and a weekly increase of 35 [4]. Profit - **Spot Processing Profit**: The spot processing profit on January 30th was -164, a daily decrease of 51 and a weekly increase of 407 [4]. - **Import Profit**: The import profit on January 30th was 282, a daily decrease of 4 and a weekly increase of 77 [4]. - **Export Profit**: The export profit on January 30th was 500, a daily increase of 3 and a weekly increase of 175 [4]. 2. BD (Butadiene) Spot Market - **Domestic Market Prices**: The Shandong market price on January 30th was 10,700, a daily increase of 50 and a weekly decrease of 350; the Jiangsu market price was 10,600, a daily increase of 50 and a weekly decrease of 300; the Yangzi ex - factory price was 10,600, with no daily change and a weekly decrease of 200 [4]. - **International Market Price**: The CFR China price on January 30th was 1,270, with no daily change and a weekly increase of 70 [4]. Profit - **Ethylene Cracking Profit**: The ethylene cracking profit on January 29th was -27 [4]. - **Carbon Tetra - Extraction Profit**: The carbon tetra - extraction profit on January 29th was 3,513 [4]. - **Butene Oxidative Dehydrogenation Profit**: The butene oxidative dehydrogenation profit on January 30th was 1,940, a daily increase of 22 and a weekly decrease of 370 [4]. - **Import Profit**: The import profit on January 30th was 478, a daily increase of 47 and a weekly decrease of 829 [4]. - **Export Profit**: The export profit on January 30th was -1,034, a daily increase of 98 and a weekly increase of 2,471 [4]. 3. Production Profits of Related Products - **SBR Production Profit**: The SBR production profit on January 30th was 588, with no daily change and a weekly increase of 313 [4]. - **ABS Production Profit**: The ABS production profit on January 29th was -1,315 [4]. - **SBS Production Profit**: The SBS production profit on January 30th was -1,175, with no daily change [4].

Report Overview - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Date: January 30, 2026 [3] - Data Sources: Mysteel, Wind [9] Key Data Summary BR Futures - Closing price of BR main contract on January 29: 13,390, up 125 from the previous day and 460 from the previous week [4] - Open interest on January 29: 68,184, down 8,156 from the previous day and 59,192 from the previous week [4] - Trading volume on January 29: 468,486, down 46,446 from the previous day but up 111,808 from the previous week [4] - Warehouse receipt quantity on January 29: 28,320, up 100 from the previous day and 1,400 from the previous week [4] - Virtual - to - physical ratio on January 29: 12.04, down 1 from the previous day and 12 from the previous week [4] Basis and Spread - Butadiene rubber (BR) basis: - Cis - butadiene basis on January 29: - 440, down 125 from the previous day and 210 from the previous week [4] - Styrene - butadiene basis on January 29: - 190, down 125 from the previous day and 60 from the previous week [4] - Month - to - month spreads: - 02 - 03 spread on January 29: - 90, down 15 from the previous day and 15 from the previous week [4] - 03 - 04 spread on January 29: - 25, down 15 from the previous day and 25 from the previous week [4] - Cross - commodity spreads: - RU - BR spread on January 29: 3,300, up 205 from the previous day but down 82 from the previous week [4] - NR - BR spread on January 29: 140, up 140 from the previous day and down 100 from the previous week [4] Spot Prices - BR spot prices: - Shandong market price on January 29: 12,950, unchanged from the previous day and up 250 from the previous week [4] - Transfar market price on January 29: 12,900, unchanged from the previous day and up 200 from the previous week [4] - Qilu ex - factory price on January 29: 13,000, unchanged from the previous day and up 300 from the previous week [4] - CFR Northeast Asia on January 29: 1,520, unchanged from the previous day and the previous week [4] - CFR Southeast Asia on January 29: 1,785, unchanged from the previous day and up 35 from the previous week [4] - Butadiene spot prices: - Shandong market price on January 29: 10,650, up 125 from the previous day and down 350 from the previous week [4] - Jiangsu market price on January 29: 10,550, up 100 from the previous day and down 150 from the previous week [4] - Yangzi ex - factory price on January 29: 10,600, unchanged from the previous day and up 100 from the previous week [4] - CFR China on January 29: 1,270, unchanged from the previous day and up 90 from the previous week [4] Profit Margins - BR profit margins: - Spot processing profit on January 29: - 113, down 128 from the previous day but up 607 from the previous week [4] - Import profit on January 29: 286, up 15 from the previous day and 299 from the previous week [4] - Export profit on January 29: 497, down 14 from the previous day and 20 from the previous week [4] - Butadiene profit margins: - Carbon - four extraction profit: data for January 29 is N/A [4] - Butene oxidative dehydrogenation profit on January 29: 1,918, up 28 from the previous day and down 192 from the previous week [4] - Import profit on January 29: 431, up 112 from the previous day and down 820 from the previous week [4] - Export profit on January 29: - 993, up 459 from the previous day and 2,329 from the previous week [4] - Other product profit margins: - Styrene - butadiene production profit on January 29: 588, unchanged from the previous day and up 388 from the previous week [4] - ABS production profit on January 29: - 1,315, down 97 from the previous day and up 72 from the previous week [4] - SBS production profit on January 29: - 1,175, unchanged from the previous day and up 285 from the previous week [4]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - Short - term production and trade enterprise inventories are expected to change little. The capacity utilization rate of domestic tire enterprises last week showed mixed trends. The semi - steel tire production slightly increased due to foreign trade orders, while the all - steel tire production decreased due to increased shipment pressure. The capacity utilization rate of tire enterprises is expected to be stable and slightly weak in the short term. It is recommended to wait and see for the BR2603 contract in the short term [2] 3. Summary by Directory 3.1 Futures Market - The closing price of the main contract of synthetic rubber is 13,265 yuan/ton, with a week - on - week increase of 220 yuan/ton; the position of the main contract is 76,340, with a week - on - week decrease of 3,155. The 3 - 4 spread of synthetic rubber is 10 yuan/ton, with a week - on - week decrease of 5 yuan/ton. The total warehouse receipt quantity of butadiene rubber is 9,420 tons, with a week - on - week increase of 100 tons [2] 3.2 Spot Market - The mainstream price of BR9000 from Qilu Petrochemical, Daqing Petrochemical, and Maoming Petrochemical in Shandong, Shanghai, and Guangdong is 12,800 yuan/ton, all with a week - on - week decrease of 100 yuan/ton. The basis of synthetic rubber is - 365 yuan/ton, with a week - on - week decrease of 220 yuan/ton [2] 3.3 Upstream Situation - Brent crude oil is 67.57 US dollars/barrel, with a week - on - week increase of 1.98 US dollars/barrel; WTI crude oil is 62.39 US dollars/barrel, with a week - on - week increase of 1.76 US dollars/barrel. The price of naphtha CFR Japan is 568.5 US dollars/ton, with a week - on - week decrease of 4.75 US dollars/ton. The price of Northeast Asian ethylene is 700 US dollars/ton, unchanged; the price of butadiene CFR China is 1270 US dollars/ton, unchanged. The mainstream price of butadiene in Shandong market is 10,750 yuan/ton, with a week - on - week decrease of 300 yuan/ton. The weekly capacity of butadiene is 159,300 tons, unchanged; the weekly capacity utilization rate is 69.45%, with a week - on - week increase of 0.03 percentage points. The port inventory of butadiene is 34,500 tons, with a week - on - week decrease of 10,100 tons. The daily operating rate of Shandong local refineries' atmospheric and vacuum distillation units is 53.6%, with a week - on - week decrease of 0.31 percentage points [2] 3.4 Production and Inventory of Synthetic Rubber - The monthly output of butadiene rubber is 143,600 tons, with a month - on - month increase of 13,500 tons, a month - on - month increase of 10.38%, and a year - on - year increase of 1.97%. The weekly capacity utilization rate of butadiene rubber is 76.12%, with a week - on - week decrease of 3.56 percentage points. The weekly production profit of butadiene rubber is - 1,002 yuan/ton, with a week - on - week decrease of 281 yuan/ton. The weekly social inventory of butadiene rubber is 35,400 tons, with a week - on - week increase of 500 tons; the weekly manufacturer inventory is 29,050 tons, with a week - on - week increase of 2,150 tons; the weekly trader inventory is 6,350 tons, with a week - on - week decrease of 1,690 tons [2] 3.5 Downstream Situation - The monthly output of all - steel tires is 12.86 million pieces, with a decrease; the monthly output of semi - steel tires is 58.39 million pieces, with an increase. The inventory days of all - steel tires in Shandong are 46.8 days, with a week - on - week increase of 0.7 days; the inventory days of semi - steel tires in Shandong are 48.53 days, with a week - on - week increase of 0.61 days. As of January 22, the capacity utilization rate of domestic semi - steel tire sample enterprises is 73.84%, with a month - on - month increase of 1.31 percentage points and a year - on - year increase of 8.92 percentage points; the capacity utilization rate of all - steel tire sample enterprises is 62.53%, with a month - on - month decrease of 0.49 percentage points and a year - on - year increase of 22.14 percentage points [2] 3.6 Industry News - There were few shutdowns of domestic butadiene rubber plants recently, supply remained high, and downstream procurement continued to push down prices due to sufficient spot resources. Affected by shipment pressure and production profit, the inventory of some production enterprises still increased this week, while downstream low - price procurement increased due to the price advantage of arbitrage resources [2]

Group 1: Report Information - Report title: Synthetic Rubber Morning Report [2] - Research team: Research Center's Energy and Chemicals Team [3] - Report date: January 28, 2026 [3] Group 2: BR (Butadiene Rubber) Analysis Futures Market - On January 27, the closing price of the BR main contract was 13,045, a daily decrease of 220 and a weekly increase of 1,130 [4] - The open interest was 79,495, a daily decrease of 12,159 and a weekly decrease of 14,231 [4] - The trading volume was 749,819, a daily increase of 2,350 and a weekly increase of 621,761 [4] Spot Market - The warehouse receipt quantity was 28,120, a daily increase of 600 and a weekly increase of 2,490 [4] - The long - short ratio was 14.13, a daily decrease of 3 and a weekly decrease of 4 [4] Basis and Spread - The butadiene rubber basis was -145, a daily increase of 220 and a weekly increase of 120 [4] - The styrene - butadiene rubber basis was 155, a daily increase of 220 and a weekly increase of 70 [4] - The 02 - 03 spread was -40, a daily increase of 60 and a weekly increase of 15 [4] - The 03 - 04 spread was 15, a daily decrease of 25 [4] Price and Profit - The RU - BR spread was 3,160, a daily increase of 195 and a weekly decrease of 670 [4] - The NR - BR spread was 40, a daily increase of 220 and a weekly decrease of 660 [4] - The Shandong market price was 12,900, with no daily change and a weekly increase of 1,250 [4] - The Transfar market price was 12,900, with no daily change and a weekly increase of 1,300 [4] - The Qilu ex - factory price was 13,000, with no daily change and a weekly increase of 1,300 [4] - The CFR Northeast Asia price was 1,550, with no daily or weekly change [4] - The CFR Southeast Asia price was 1,750, with no daily or weekly change [4] - The spot processing profit was -265, a daily increase of 306 and a weekly increase of 179 [4] - The import profit was 222, a daily increase of 16 and a weekly increase of 1,269 [4] - The export profit was 310, a daily decrease of 15 and a weekly decrease of 1,105 [4] Group 3: BD (Butadiene) Analysis Spot Market - The Shandong market price was 10,750, a daily decrease of 300 and a weekly increase of 1,050 [4] - The Jiangsu market price was 10,700, a daily decrease of 200 and a weekly increase of 1,150 [4] - The Yangzi ex - factory price was 10,800, with no daily change and a weekly increase of 1,200 [4] - The CFR China price was 1,270, a daily increase of 20 and a weekly increase of 90 [4] Profit - The ethylene cracking profit data was unavailable [4] - The carbon four extraction profit was 3,794 (data for January 26, subsequent data unavailable) [4] - The butene oxidative dehydrogenation profit was 2,160, a daily decrease of 150 and a weekly increase of 1,200 [4] - The import profit was 570, a daily decrease of 345 and a weekly increase of 457 [4] - The export profit was -1,670, a daily increase of 303 [4] - The styrene - butadiene production profit was 275, with no daily change and a weekly decrease of 63 [4] - The ABS production profit data was unavailable [4] - The SBS production profit was -1,270, with no daily change and a weekly decrease of 215 [4] Group 4: Data Source - Data sources: Mysteel, Wind [8]

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - The short - term production enterprise inventory and trading enterprise inventory are expected to change little. The capacity utilization rate of domestic tire enterprises is expected to run steadily and weakly in the short term. It is recommended to wait and see for the BR2603 contract in the short term [2] Group 3: Summary According to Relevant Catalogs Futures Market - The closing price of the main contract of synthetic rubber was 13,045 yuan/ton, a decrease of 220 yuan; the position volume of the main contract was 79,495, a decrease of 12,159. The synthetic rubber 3 - 4 spread was 15 yuan/ton, a decrease of 25 yuan; the total warehouse receipt quantity of butadiene rubber was 9,320 tons, an increase of 600 tons [2] Spot Market - The mainstream price of BR9000 from various petrochemical companies in different regions was 12,900 yuan/ton, an increase of 200 yuan. The basis of synthetic rubber was - 145 yuan/ton, an increase of 120 yuan. Brent crude oil was 65.59 dollars/barrel, a decrease of 0.29 dollars; WTI crude oil was 60.63 dollars/barrel, a decrease of 0.44 dollars. The Northeast Asian ethylene price was 700 dollars/ton, unchanged; the CFR Japan naphtha price was 573.25 dollars/ton, an increase of 8 dollars; the CFR China butadiene intermediate price was 1270 dollars/ton, an increase of 20 dollars; the mainstream price of butadiene in Shandong market was 11,050 yuan/ton, an increase of 50 yuan [2] Upstream Situation - The weekly butadiene production capacity was 159,300 tons, unchanged; the capacity utilization rate was 69.45%, an increase of 0.03 percentage points. The port butadiene inventory was 34,500 tons, a decrease of 10,100 tons; the operating rate of Shandong local refinery atmospheric and vacuum distillation unit was 53.6%, a decrease of 0.31 percentage points. The monthly production of butadiene rubber was 143,600 tons, an increase of 13,500 tons; the weekly capacity utilization rate was 76.12%, a decrease of 3.56 percentage points. The weekly production profit of butadiene rubber was - 1002 yuan/ton, a decrease of 281 yuan. The weekly social inventory of butadiene rubber was 35,400 tons, an increase of 500 tons; the manufacturer inventory was 29,050 tons, an increase of 2150 tons; the trader inventory was 6350 tons, a decrease of 1690 tons [2] Downstream Situation - The monthly production of all - steel tires was 12.86 million pieces, a decrease of 150,000 pieces; the monthly production of semi - steel tires was 58.39 million pieces, an increase of 80,000 pieces. The inventory days of all - steel tires in Shandong was 46.8 days; the inventory days of semi - steel tires in Shandong was 48.53 days, an increase of 0.61 days. As of January 22, the capacity utilization rate of Chinese semi - steel tire sample enterprises was 73.84%, a month - on - month increase of 1.31 percentage points and a year - on - year increase of 8.92 percentage points; the capacity utilization rate of all - steel tire sample enterprises was 62.53%, a month - on - month decrease of 0.49 percentage points and a year - on - year increase of 22.14 percentage points [2] Industry News - The capacity utilization rate of sample enterprises fluctuated. Some semi - steel tire enterprises increased production slightly due to foreign trade orders, while most enterprises maintained stable production. All - steel tire enterprises faced greater shipment pressure, and some controlled production moderately, dragging down the capacity utilization rate. In December, the production of butadiene rubber was 143,600 tons, a month - on - month increase of 10.38% and a year - on - year increase of 1.97%. The capacity utilization rate of butadiene rubber was 72.13%, a month - on - month increase of 4.65 percentage points and a year - on - year decrease of 2.68 percentage points. As of January 22, the domestic butadiene rubber inventory was 35,400 tons, a month - on - month increase of 1.32% [2]

河北资产管理股份有限公司拟对深州市太行橡胶有限公司1户2笔债权进行处置。截至2026年1月20日， 债务人尚欠本金合计15,300,000.00元，利息合计（含罚息）7,784,404.01元，债权总额合计为 23,084,404.01元。债务人位于衡水地区，债权相关担保情况详见附件。债权的交易对象为依法成立的企 业法人、具有完全民事行为能力的自然人、其他组织，但国家公务员、金融资产管理公司及地方资产管 理公司工作人员;该项资产处置工作相关中介机构所属人员;债务人、担保人为自然人的,其本人及其直系 亲属;债务企业的控股股东、实际控制人及其控股下属公司,担保企业及其控股下属公司,债务企业的其他 关联企业;上述主体出资成立的法人机构或特殊目的实体;国家金融监督管理总局认定的其他不宜受让的 主体不得购买或变相购买该标的债权资产。标的债权资产详细情况请具体参见我公司对外网站，网 址:http://www.hebamc.com。 （来源：河北法制报） 公告有效期:自公告之日起7个工作日。 受理征询或异议有效期:7个工作日，如对本次处置有任何疑问或异议请与河北资产管理股份有限公司联 系。 本金余额利息总额债权合计 债权1 ...

合成橡胶产业日报 2026-01-26 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价:合成橡胶(日,元/吨) | 13265 | 335 主力合约持仓量:合成橡胶(日,元/吨) | 91654 | -35722 | | | 合成橡胶3-4价差(日,元/吨) | 40 | 70 仓单数量:丁二烯橡胶:仓库:总计(日,吨) | 8720 | 600 | | 现货市场 | 主流价:顺丁橡胶(BR9000,齐鲁石化):山 | 12700 | 850 主流价:顺丁橡胶(BR9000,大庆石化):山 | 12700 | 850 | | | 东(日,元/吨) 主流价:顺丁橡胶(BR9000,大庆石化):上 | 12700 | 东(日,元/吨) 800 主流价:顺丁橡胶(BR9000,茂名石化):广 | 12700 | 750 | | | 海(日,元/吨) 基差:合成橡胶(日,元/吨) | -265 | -35 东(日,元/吨) | | | | | 布伦特原油(日,美元/桶) 东北 ...

1月26日，国内期市能化板块多数飘红。其中，合成橡胶期货主力合约开盘报13440.0元/吨，今日盘中 高位震荡运行；截至发稿，合成橡胶主力最高触及13595.0元，下方探低13055.0元，涨幅达2.93%附 近。 国投安信期货表示，目前中国丁二烯基本面偏强，合成橡胶基本面一般，而成本面驱动不断增强，尤其 是外盘丁二烯价格节节攀升，带动内盘及下游合成橡胶上涨，叠加金融市场乐观情绪逐渐蔓延，尤其是 化工品种反内卷及其预期的影响不断扩大。此外，2026年中国将延续宽松的货币政策和积极的财政政 策，预计美联储将进一步加快降息步伐，人民币兑美元汇率不断走强。基于丁二烯价格历史剧烈波动的 特征，对此投资者在市场情绪中保留一定的清醒，密切关注基本面的变化。 光大期货指出，丁二烯橡胶基本面矛盾有限。丁二烯橡胶生产毛利由正转负，周度开工负荷边际下滑。 下游轮胎春节前备货，但受制于目前高位库存天数，出货节奏偏慢，开工负荷抬升空间有限。前期检修 装置如上海石化（600688）、中化泉州、海南炼化等装置陆续在1月底前重启开车，将缓解丁二烯紧缺 压力，预计丁二烯橡胶价格跟随成本端价格。 中泰期货分析称，丁二烯上半年供应端国内难有新增 ...