1. Report Industry Investment Rating - Short - term: The report gives a rating of "oscillating" for the short - term investment in the synthetic rubber industry, and "long - term bullish" for the long - term [4]. 2. Core Viewpoints - The fundamentals of butadiene are strong, while the "high - start, high - inventory" situation of butadiene rubber continues. The number of warehouse receipts on the futures market has increased, and the recent futures volume and price have increased simultaneously. In the short term, the large increase in BR, combined with risk premiums, will lead to a phased adjustment of the futures market. In December, the export volume of synthetic rubber is expected to continue to increase, and the import volume of butadiene will decrease month - on - month. With long - term positive expectations, the price of synthetic rubber is expected to have further upward space [4]. 3. Summary by Relevant Catalogs 3.1 Market Review - During this period, the price of butadiene rubber in the Shandong market fluctuated strongly, and the spot price range moved up to 11,500 - 12,200 yuan/ton. The butadiene end continued to rise due to good domestic demand and rumors of butadiene export transactions, causing a significant increase in the production cost of butadiene rubber. On the supply side, the capacity utilization rate of domestic butadiene rubber remained high, and most brand spot resources were sufficient. The pressure on the supply side affected the upward movement of the negotiation center. The mainstream supply price of butadiene rubber increased slightly during the week, and the theoretical production profit turned into a loss. Traders actively tried to raise prices, but the downstream terminal procurement was negative and the price - pressing was firm. Although the spot price center gradually moved up, the transaction performance was poor [6]. 3.2 Impact Factors 3.2.1 Supply - Last week, the domestic butadiene production was [missing data] tons (72%), with a capacity utilization rate of 69.37%; the high - cis butadiene rubber production was [missing data] tons (68%), with a capacity utilization rate of 79%. In terms of butadiene, Fujian United Petrochemical (180,000 tons) restarted on the 15th, and Hainan Refining & Chemical (130,000 tons) is expected to shut down at the end of the month. The butadiene production is expected to maintain a downward trend. In terms of butadiene rubber, except for the shutdown of the plants of Maoming Petrochemical and Dushanzi Petrochemical, the loads of other butadiene rubber plants are at a high level. The butadiene rubber plant of Maoming Petrochemical is expected to restart at the end of the month, and the supply will continue to be sufficient [4]. 3.2.2 Demand - For semi - steel tires, in the first ten days of the month, the market sales became increasingly sluggish, the terminal demand weakened, the channel transactions were sporadic, and the replenishment willingness continued to decrease. The factories launched a certain range of promotions this month, but the market has not yet had a clear guidance. For all - steel tires, in the first ten days of the month, the stocking willingness was low. Some merchants rushed to complete the annual task volume last month, and the inventory expanded significantly, weakening the ability to continuously purchase. Although some factories have clearly announced the profit - sharing policy for January, the inventory during the period is large, and the existing inventory is mainly digested. Some replenishment willingness is postponed to the middle or late ten days of the month [4]. 3.2.3 Inventory - Last week, the butadiene port inventory was 44,600 tons, a month - on - month increase of 7.99%. The inventory of high - cis butadiene rubber enterprises + traders was 34,940 tons, a month - on - month increase of 5.50%. In terms of butadiene, although the high - price transactions of refineries were slightly slow, affecting the slow inventory reduction, there was no obvious inventory pressure overall. The arrival of imported ships was limited during the week, and the downstream raw material inventory was normally consumed. Although the market is expected to be strong in the later period, it is in the inventory reduction cycle. In terms of butadiene rubber, the inventories of production enterprises and trading enterprises have increased to varying degrees, and the warehouse receipts have increased significantly [4]. 3.2.4 Basis - The basis of butadiene rubber in North China is - 365 yuan/ton, in East China is - 265 yuan/ton, and in South China is - 215 yuan/ton [4]. 3.2.5 Spread/Price Ratio - The spread between RU - BR is 4,020 yuan/ton (12%); the spread between NR - BR is 930 yuan/ton (- 0.53%); the price ratio of BR - SC is - 0.35% [4]. 3.2.6 Profit - The production gross profit of butadiene oxidative dehydrogenation is 990 yuan/ton; the production gross profit of C4 extraction is 2,680.31 yuan/ton. The production gross profit of butadiene rubber is - 237 yuan/ton, and the gross profit margin is - 1.92% [4]. 3.2.7 Geopolitical and Macroeconomic Factors - China's CPI year - on - year growth rate in December 2025 reached the fastest in nearly three years; the US ADP employment data in December showed that labor demand was still weak. The State - owned Assets Supervision and Administration Commission of the State Council announced that, with the approval of the State Council, Sinopec and China National Aviation Fuel will implement a restructuring. Iran is implementing a national - scale network control, which is related to continuous protests in many places. Trump arrested Maduro and summoned enterprises such as ExxonMobil and Chevron to the White House to discuss the oil investment plan in Venezuela. The Trump administration's attempt to occupy Greenland and seize Russian oil tankers has fermented again, triggering market panic about geopolitics [4]. 3.3 Trading Strategies - Unilateral trading: Appropriately leave a long position, and be vigilant against the risk of capital profit - taking and callback. Arbitrage: Pay attention to going long on BR and short on NR/RU. Key factors to watch: downstream demand, cost changes, plant maintenance conditions, and geopolitics [4]

Report Overview - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: January 15, 2026 [3] Key Data Summary BR (Butadiene Rubber) - **Futures Information**: The closing price of the BR main contract on January 14 was 12,250, with a daily increase of 250. The open interest was 100,576, a daily increase of 2,528, and a weekly increase of 66,594. The trading volume was 177,031, a daily increase of 46,860, and a weekly increase of 38,784. The warrant quantity remained unchanged at 26,330 on January 14, with a weekly increase of 1,970. The long - short ratio was 19.10, a daily increase of 1, and a weekly increase of 12 [4]. - **Basis/Spread/Inter - variety Spread**: The butadiene - styrene basis was - 150 on January 14, a daily increase of 205. The 02 - 03 spread was - 30, a daily increase of 35, and the 03 - 04 spread was - 25, a daily decrease of 5. The RU - BR spread was 3,910, a daily decrease, and the NR - BR spread was 765, a daily decrease of 75 [4]. - **Spot Price**: The Shandong market price was 12,000 on January 14, a daily increase of 100, and a weekly increase of 200. The Chuanhua market price was 11,950, a daily increase of 100, and a weekly increase of 200. The Qilu ex - factory price was 12,100, unchanged on January 14, with a weekly increase of 200. The CFR Northeast Asia price was 1,450, unchanged on January 14, with a weekly increase of 35. The CFR Southeast Asia price was 1,675, unchanged on January 14, with a weekly increase of 40 [4]. - **Profit**: The spot processing profit was - 196 on January 14, a daily decrease of 181, and a weekly decrease of 310. The import profit was 68, a daily increase of 94, and a weekly decrease of 51. The export profit was 610, a daily decrease of 82, and a weekly increase of 81 [4]. BD (Butadiene) - **Spot Price**: The Shandong market price was 9,800 on January 14, a daily increase of 275. The Jiangsu market price was 9,650, a daily increase of 325, and a weekly increase of 450. The Yangzi ex - factory price was 9,550, a daily increase of 350, and a weekly increase of 450. The CFR China price was 1,140, a daily increase of 35 [4]. - **Profit**: The ethylene cracking profit data on January 14 was N/A. The C4 extraction profit data on January 14 was N/A. The butylene oxidative dehydrogenation profit was 990, a daily increase of 355, and a weekly increase of 520. The import profit was 511, a daily increase of 45, and a weekly decrease of 755. The export profit was - 1,428, a daily increase of 418, and a weekly increase of 1,201. The styrene - butadiene production profit was 1,155, a daily decrease of 263, and a weekly decrease of 225. The ABS production profit data on January 14 was N/A. The SBS production profit was - 282, a daily decrease of 245, and a weekly decrease of 220 [4] Data Source - The data sources for the report are Mysteel and Wind [8]

Group 1: Report Information - Report title: Synthetic Rubber Morning Report [2] - Research team: Energy and Chemicals Team of the Research Center [3] - Report date: January 14, 2026 [3] Group 2: BR (Butadiene Rubber) Data Futures Data - BR主力合约收盘价: 12000 on January 13, with a daily change of -70 and a weekly change of 170 [4] - 持仓量: 95318 on January 13, with a daily change of 72576 and a weekly change of 58025 [4] - 成交量: 130171 on January 13, with a daily change of 45413 and a weekly change of 4302 [4] - 仓单数量: 26330 on January 13, with a daily change of 2000 and a weekly change of 3170 [4] - 虚实比: 18.10 on January 13, with a daily change of 13 and a weekly change of 10 [4] Basis/Spread/Inter - Variety Data - 顺丁县差: -100 on January 13, with a daily change of 70 and a weekly change of -20 [4] - 丁苯基差: 150 on January 13, with a daily change of 120 and a weekly change of 80 [4] - 02 - 03: -22 on January 13, with a daily change of -30 and a weekly change of -40 [4] - 03 - 04: -20 on January 13, with a daily change of 10 and a weekly change of -20 [4] - RU - BR: 3975 on January 13, with a daily change of -85 and a weekly change of -245 [4] - NR - BR: 840 on January 13, with a daily change of -100 and a weekly change of -340 [4] Spot Data - 山东市场价: 11900 on January 13, with a daily change of 0 and a weekly change of 150 [4] - 传化市场价: 11850 on January 13, with a daily change of 0 and a weekly change of 150 [4] - 齐鲁出厂价: 12100 on January 13, with a daily change of 0 and a weekly change of 400 [4] - CFR东北亚: 1450 on January 13, with a daily change of 35 and a weekly change of 35 [4] - CFR东南亚: 1675 on January 13, with a daily change of 40 and a weekly change of 40 [4] Profit Data - 现货加工利润: -16 on January 13, with a daily change of -51 and a weekly change of -233 [4] - 进口利润: -24 on January 13, with a daily change of -276 and a weekly change of -109 [4] - 出口利润: 152 on January 13, with a daily change of 279 and a weekly change of 132 [4] Group 3: BD (Butadiene) Data Spot Data - 山东市场价: 9322 on January 13, with a daily change of 50 and a weekly change of 375 [4] - 江苏市场价: 9322 on January 13, with a daily change of 75 and a weekly change of 325 [4] - 扬子出厂价: 9200 on January 13, with a daily change of 0 and a weekly change of 300 [4] - CFR中国: 1105 on January 13, with a daily change of 0 and a weekly change of 130 [4] Profit Data - 乙烯裂解利润: N/A on January 13 [4] - 碳四抽提利润: N/A on January 13 [4] - 丁烯氧化脱氢利润: 111 on January 13, with a daily change of 75 and a weekly change of 465 [4] - 进口利润: 468 on January 13, with a daily change of 75 and a weekly change of -688 [4] - 出口利润: -1847 on January 13, with a daily change of 74 and a weekly change of 616 [4] Production Profit Data - 丁苯生产利润: 950 on January 13, with a daily change of 0 and a weekly change of 88 [4] - ABS生产利润: N/A on January 13 [4] - SBS生产利润: -340 on January 13, with a daily change of 0 and a weekly change of -115 [4] Group 4: Data Source - Data sources: Mysteel, Wind [8]

1. Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: January 12, 2026 [3] 2. Core Data Summary BR (Butadiene Rubber) - **Futures Data** - Closing price of BR main contract on January 9: 12,015, down 180 from the previous day and up 370 week - on - week [4] - Open interest on January 9: 26,339, down 3,889 from the previous day and down 13,898 week - on - week [4] - Trading volume on January 9: 101,221, down 66,416 from the previous day and up 13,867 week - on - week [4] - Warehouse receipt quantity on January 9: 24,330, unchanged from the previous day and up 1,170 week - on - week [4] - Long - short ratio on January 9: 5.41, down 1 from the previous day and down 3 week - on - week [4] - **Basis/Spread/Inter - variety Data** - Butadiene rubber basis on January 9: 185, up 130 from the previous day and up 30 week - on - week [4] - 02 - 03 spread on January 9: - 50, down 15 from the previous day and down 10 week - on - week [4] - 03 - 04 spread on January 9: - 20, down 5 from the previous day and down 5 week - on - week [4] - RU - BR spread on January 9: 4,015, up 90 from the previous day and down 130 week - on - week [4] - **Spot Data** - Shandong market price on January 9: 11,950, down 50 from the previous day and up 350 week - on - week [4] - Transfar market price on January 9: 11,900, down 50 from the previous day and up 350 week - on - week [4] - Qilu ex - factory price on January 9: 11,900, unchanged from the previous day and up 400 week - on - week [4] - CFR Northeast Asia price on January 9: 1,415, unchanged from the previous day and unchanged week - on - week [4] - CFR Southeast Asia price on January 9: 1,635, unchanged from the previous day and unchanged week - on - week [4] - **Profit Data** - Spot processing profit on January 9: 111, up 1 from the previous day and down 160 week - on - week [4] - Import profit on January 9: 286, down 26 from the previous day and up 355 week - on - week [4] - Export profit on January 9: 381, up 20 from the previous day and down 309 week - on - week [4] BD (Butadiene) - **Spot Data** - Shandong market price on January 9: 9,450, down 50 from the previous day and up 500 week - on - week [4] - Jiangsu market price on January 9: 9,250, down 50 from the previous day and up 500 week - on - week [4] - Yangzi ex - factory price on January 9: 9,100, unchanged from the previous day and up 300 week - on - week [4] - CFR China price on January 9: 1,005, unchanged from the previous day [4] - **Profit Data** - Ethylene cracking profit on January 9: N/A [4] - C4 extraction profit on January 9: N/A [4] - Butylene oxidative dehydrogenation profit on January 9: 590, up 20 from the previous day and up 640 week - on - week [4] - Import profit on January 9: 1,170, down 33 from the previous day [4] - Export profit on January 9: - 1,913, up 170 from the previous day and up 401 week - on - week [4] - Styrene - butadiene production profit on January 9: 888, unchanged from the previous day and up 150 week - on - week [4] - ABS production profit on January 9: N/A [4] - SBS production profit on January 9: - 382, unchanged from the previous day and up 60 week - on - week [4] 3. Data Source - Data sources: Mysteel, Wind [8]

Group 1 - The core viewpoint of the article is that Zhongce Rubber (603049) has established production bases in Thailand and Indonesia, focusing primarily on export sales [1] Group 2 - The company currently operates two overseas production bases that are already in operation [1] - Both production bases are primarily oriented towards export sales [1]

1. Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Date: January 8, 2026 [3] 2. Core Data Summary 2.1 BR (Butadiene Rubber) - Futures Data - Closing price of the BR main contract on January 7 was 12,155, with a daily increase of 325 and a weekly increase of 635 [4] - Open interest on January 7 was 33,982, a daily decrease of 3,311 and a weekly decrease of 7,279 [4] - Trading volume on January 7 was 138,247, a daily increase of 12,378 and a weekly increase of 40,566 [4] - Warehouse receipt quantity on January 7 was 24,360, a daily increase of 1,200 and a weekly increase of 870 [4] - Long - short ratio on January 7 was 6.97, a daily decrease of 1 and a weekly decrease of 2 [4] - Basis and Spread Data - Butadiene - styrene basis on January 7 was - 205, a daily decrease of 275 and a weekly decrease of 335 [4] - BR 02 - 03 spread on January 7 was - 30, a daily decrease of 5 and a weekly increase of 10 [4] - BR 03 - 04 spread on January 7 was - 25, a daily decrease of 25 and a weekly decrease of 5 [4] - RU - BR spread on January 7 was 4,025, a daily decrease of 195 and a weekly decrease of 60 [4] - NR - BR spread on January 7 was 1,180, a daily decrease of 185 and a weekly decrease of 110 [4] - Spot and Price Data - Shandong market price on January 7 was 11,800, a daily increase of 50 and a weekly increase of 300 [4] - Chuanhua market price on January 7 was 11,750, a daily increase of 50 and a weekly increase of 300 [4] - Qilu ex - factory price on January 7 was 11,900, a daily increase of 200 and a weekly increase of 400 [4] - CFR Northeast Asia price remained at 1,415 [4] - CFR Southeast Asia price remained at 1,635 [4] - Profit Data - Spot processing profit on January 7 was 114, a daily decrease of 103 and a weekly decrease of 409 [4] - Import profit on January 7 was 134, a daily increase of 50 and a weekly increase of 308 [4] - Export profit on January 7 was 513, a daily decrease of 43 and a weekly decrease of 269 [4] 2.2 BD (Butadiene) - Spot Price Data - Shandong market price on January 7 was 9,300, a daily increase of 150 [4] - Jiangsu market price on January 7 was 9,200, a daily increase of 200 [4] - Yangzi ex - factory price on January 7 was 9,100, a daily increase of 200 and a weekly increase of 700 [4] - CFR China price on January 7 was 975, a daily increase of 10 and a weekly increase of 20 [4] - Profit Data - Ethylene cracking profit data on January 7 was N/A [4] - C4 extraction profit data on January 7 was N/A [4] - Butene oxidative dehydrogenation profit on January 7 was 470, a daily increase of 270 and a weekly increase of 800 [4] - Import profit on January 7 was 1,277, a daily increase of 121 and a weekly increase of 648 [4] - Export profit on January 7 was - 2,008, a daily decrease of 174 and a weekly decrease of 2 [4] 2.3 Production Profit of Related Products - Butadiene - styrene production profit on January 7 was 913, a daily increase of 50 and a weekly decrease of 125 [4] - ABS production profit data on January 7 was N/A [4] - SBS production profit on January 7 was - 362, a daily decrease of 140 and a weekly increase of 510 [4] 3. Data Source - The data in the report is sourced from Mysteel and Wind [8]

商报记者 骆伊莎 通讯员 陆吉 1 2025年5月27日，第七届全国青年企业家大会在杭州召开。省委书记、省人大常委会主任王浩，中央统 战部副部长、全国工商联党组书记沈莹，中央统战部副部长王瑞军，共青团中央书记处书记胡盛，省委 常委、市委书记刘非出席大会开幕式并致辞，知名企业家南存辉、曹德旺、刘强东、陈建华和专家胡宏 伟发表主旨演讲。来自全国各地的青年企业家围绕"以新提质·奋进未来"主题，共话合作、共享商机、 共谋发展。 本届大会规格高、内容实、成效好，展现了青年企业家的时代风采，凸显了杭州元素和杭州特色，收获 了积极向上的社会反响，得到了与会领导和嘉宾的高度肯定。大会报道在《人民日报》刊发。 成功举办第六届杭商大会暨杭州市民营经济助力"两新"融合发展大会 2 2025年12月31日，第六届杭商大会暨杭州市民营经济助力"两新"融合发展大会举办，来自海内外的杭商 齐聚，为杭州民营经济高质量发展出谋划策。省委常委、市委书记刘非出席大会并讲话。市委副书记、 市长姚高员主持，市人大常委会主任暨军民、市政协主席马卫光等市四套班子领导出席。 会上，发布了"2025中国民营企业500强"杭州上榜企业系列榜单、杭州民营企业百强 ...

Core Viewpoint - The company, Qixiang Tengda, is expected to see a significant recovery in product profitability by 2025 due to a substantial drop in butadiene prices and a stabilization in the market price of polybutadiene rubber [1] Group 1 - The company's 120,000 tons/year polybutadiene rubber facility is operating at full capacity [1] - The company is continuously reducing energy and material consumption through refined management and technological upgrades [1] - The stable supply of low-cost butadiene raw materials further strengthens the company's profitability advantage [1]

Raw Materials and Spot Prices - As of January 6, the market price of butadiene in Shandong is 9150 (+200) RMB/ton; CIF China price is 975 (+0) USD/ton; the market price of styrene-butadiene rubber (BR9000) in Shandong Qilu Petrochemical is 11750 (+100) RMB/ton, with a price difference of -3300 (-100) RMB/ton for styrene-butadiene rubber - Thai mix, and a basis difference of -80 (-85) RMB/ton [1] Production and Operating Rates - In December, China's butadiene production was 500,100 tons, a month-on-month increase of 3.8%; styrene-butadiene rubber production was 144,000 tons, a month-on-month increase of 10.4%; semi-steel tire production was 58.39 million units, a month-on-month increase of 0.1% and a year-on-year increase of 3.3%; full-steel tire production was 12.86 million units, a month-on-month decrease of 1.2% and a year-on-year increase of 5.5% [2] - As of January 2, the operating rates in the styrene-butadiene rubber industry showed differentiation, with butadiene industry operating rate at 71.2%, a month-on-month increase of 0.8%; high cis-styrene-butadiene rubber industry operating rate at 77.2%, a month-on-month increase of 0.3%; semi-steel tire sample manufacturers' operating rate at 66.5%, a month-on-month decrease of 5.4%; full-steel tire sample manufacturers' operating rate at 57.9%, a month-on-month decrease of 6.1% [2] Inventory Levels - As of January 2, butadiene port inventory was 44,700 tons, a month-on-month increase of 1,400 tons; styrene-butadiene rubber factory inventory was 26,300 tons, a decrease of 2,550 tons, a month-on-month decrease of 8.8%; trader inventory was 7,180 tons, an increase of 1,490 tons, a month-on-month increase of 26.2% [3] Industry News - According to Longzhong Information on January 6, a 50,000 tons/year unit at Maoming Petrochemical was shut down for maintenance on January 5, expected to restart at the end of January; another 100,000 tons/year unit is currently under maintenance, expected to restart around January 21 [4] Market Analysis - On January 6, following the New Year holiday, the rubber sector showed a strong performance, with the main contract for synthetic rubber BR2602 closing at 11,830 RMB/ton, an increase of 1.2% compared to the previous day's settlement price. From the cost side, three domestic butadiene units are expected to restart in the second half of January, with expectations of reduced net imports due to increased exports and decreased imports, but overall supply remains ample, and port inventory is expected to remain high. On the supply side, Maoming Petrochemical's styrene-butadiene rubber units will gradually restart, and the profit margins for styrene-butadiene rubber are favorable, with other units operating at high levels. On the demand side, tire and other rubber product industries are expected to have stable operating rates, although there may be some stocking demand before the Spring Festival, a concentrated shutdown may occur from late January to February. Overall, cost support is limited, and supply-demand dynamics are weakening, providing limited fundamental support for BR price increases, with attention needed on macroeconomic disturbances [5]

Report Information - Report Title: Synthetic Rubber Morning Report [2] - Team: Research Center's Energy and Chemicals Team [3] - Date: January 7, 2026 [3] - Data Sources: Mysteel, Wind [8] Report Content Summary BR (Butadiene Rubber) Futures Information - BR主力合约(12) price increased from 10,410 on December 5 to 11,830 on January 6, with a daily change of 185 and a weekly change of 265 [4] - Open interest decreased from 30,197 on December 5 to 37,293 on January 6, with a daily change of -2,944 and a weekly change of -12,270 [4] - Trading volume increased from 65,443 on December 5 to 125,869 on January 6, with a daily change of 38,515 and a weekly change of 4,602 [4] - Warehouse receipt quantity remained at 23,160 on January 6, with a weekly change of -330 [4] - The long - short ratio decreased from 11.34 on December 5 to 8.05 on January 6, with a daily change of -1 and a weekly change of -2 [4] Basis and Spread Information - The basis of cis - butadiene decreased from 40 on December 5 to -80 on January 6, with a daily change of -35 and a weekly change of -15 [4] - The basis of styrene - butadiene decreased from 540 on December 5 to 70 on January 6, with a daily change of -85 and a weekly change of 35 [4] - The 02 - 03 spread changed from -30 on December 5 to -25 on January 6, with a daily change of 15 and a weekly change of 0 [4] - The 03 - 04 spread changed from -50 on December 5 to 0 on January 6, with a daily change of 15 and a weekly change of 25 [4] - The RU - BR spread increased from 4,655 on December 5 to 4,220 on January 6, with a daily change of 75 and a weekly change of 115 [4] - The NR - BR spread increased from 1,635 on December 5 to 1,180 on January 6, with a daily change of 20 and a weekly change of 55 [4] Spot Price Information - The Shandong market price increased from 10,450 on December 5 to 11,750 on January 6, with a daily change of 150 and a weekly change of 250 [4] - The Transfar market price increased from 10,400 on December 5 to 11,750 on January 6, with a daily change of 200 and a weekly change of 300 [4] - The Qilu ex - factory price increased from 10,600 on December 5 to 11,700 on January 6, with a daily change of 200 and a weekly change of 200 [4] - CFR Northeast Asia remained at 1,415 from December 30 to January 6, with no daily or weekly change [4] - CFR Southeast Asia remained at 1,635 from December 30 to January 6, with no daily or weekly change [4] Profit Information - Spot processing profit decreased from 906 on December 5 to 217 on January 6, with a daily change of -54 and a weekly change of -260 [4] - Import profit increased from -442 on December 5 to 76 on January 6, with a daily change of 145 and a weekly change of 258 [4] - Export profit decreased from 1,401 on December 5 to 690 on January 6, with a daily change of -125 and a weekly change of -225 [4] BD (Butadiene) Spot Price Information - The Shandong market price increased from 7,200 on December 5 to 9,150 on January 6, with a daily change of 200 and a weekly change of 500 [4] - The Jiangsu market price increased from 7,050 on December 5 to 9,000 on January 6, with a daily change of 250 and a weekly change of 550 [4] - The Yangzi ex - factory price increased from 7,100 on December 5 to 8,800 on January 6, with a weekly change of 500 and no daily change on January 6 [4] - CFR China increased from 850 to 975, with a daily change of 10 and a weekly change of 10 [4] Profit Information - Ethylene cracking profit changed from -64 on December 5 to -20 on January 5, and data for January 6 is not available [4] - Carbon four extraction profit increased from 172 on December 5 to 2,201 on January 5, and data for January 6 is not available [4] - Butene oxidative dehydrogenation profit increased from -1,764 on December 5 to 200 on January 6, with a daily change of 250 and a weekly change of 494 [4] - Import profit increased from 108 on December 5 to 1,150 on January 6, with a daily change of 167 and a weekly change of 476 [4] - Export profit data has some missing values, and the trend is not fully clear [4] Production Profit of Related Products - Styrene - butadiene production profit decreased from 1,538 on December 5 to 938 on January 6, with a daily change of 200 and a weekly change of -188 [4] - ABS production profit data has some missing values, and the trend is not fully clear [4] - SBS production profit increased from -335 on December 5 to -152 on January 6, with a daily change of 300 and a weekly change of 183 [4]