下 灰安期货 BR - 160000 BR主力合约盘面概览 BR价格结构 17000 140000 12200 г 120000 15000 12100 100000 12000 13000 80000 11900 60000 11000 11800 40000 11700 9000 20000 11600 7000 11500 10合约 12合约 现货 09合约 11合约 -- 8/26 -- 8/25 --- 8/22 --- 8/19 --- 7/25 丁苯-BR基差 顺丁-BR基差 BR09-10 2500 600 800 2000 400 600 1 500 400 200 1000 200 500 0 -200 0 -20Q -400 -500 al -400 -600 -1000 -600 -800 - -1500 -800 - 2024 -- 2024 2025 2023 -- 2023 · 2025 2023 · 2024 - 2025 顺丁山东市场价(贴近下游) 顺丁浙江传化市场价(贴近现货) BR10-11 18000 600 - 18000 16000 16000 400 14000 ...

ijis 加安期货 le - 160000 BR主力合约盘面概览 BR价格结构 17000 140000 11950 - 120000 11900 15000 11850 1000000 13000 11800 80000 11750 60000 11000 11700 40000 11650 9000 11600 20000 11550 7000 11500 10合约 现货 08合约 09合约 -- 8/19 -- 8/18 -- 8/15 -- 8/12 --- 7/18 丁苯-BR基差 顺丁-BR基差 BR08-09 2500 600 800 2000 400 600 1 200 200 400 1000 0 200 500 -20Q 0 0 -400 -20Q -500 al -600 -400 -1000 -800 -600 -1500 -800 - -1000 - 2024 -- 2024 · · 2025 2023 -- 2023 2023 · 2025 2024 · 2025 顺丁山东市场价(贴近下游) 顺丁浙江传化市场价(贴近现货) BR09-10 600 - 18000 18000 160 ...

ijis 加安期货 永安合成橡胶早报 研究中心能化团队 2025/8/14 le 2020 -- - 2021 -- 2022 -- 2023 -- 2024 -- - 2025 -2020 -- 2021 -- 2022 -- 2023 -- 2024 -- 202 - 2025 -2020 -- 2021 -- 2022 -- 2023 -- 2024 -- 202 · 2025 丁二烯CFR中国 丁二烯碳四抽提法利润 丁二烯丁烯氧化脱氢法利润 1800 - 8000 - 8000 - 1600 6000 6000 1400 4000 1200 4000 1000 2000 800 2000 0 600 -2000 400 0 200 -4000 -2000 N/2 0 -6000 and and the state of the services of the d all 6 -4000 -8000 - -2021 -- 2022 -- 2023 -- 202 2020 -- - 2025 - 2021 -- 2022 -- 2023 -- 2024 -- 2025 - 2020 - -2021 -- ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report No relevant content provided. 3. Summary by Relevant Catalogs BR (Butadiene Rubber) - On July 25, the closing price of the main contract was 12,415, with a daily change of 130 and a weekly change not fully clear from the text [3][12]. - The main contract's open interest was 49,311, a daily increase of 483 and a weekly increase of 32,097 [3][12]. - The trading volume of the main contract was 160,791, a daily increase of 12,149 and a weekly increase of 70,426 [3][12]. - The warehouse receipt quantity remained at 9,840, with no daily change and a weekly increase of 140 [3][12]. - The virtual - real ratio was 25.06, with no daily change and a weekly increase of 16 [3][12]. - The Shun - Ding basis was - 215, a daily decrease of 30 and a weekly decrease of 195; the Shun - Ding basis (two - oil) was - 215, a daily decrease of 130 and a weekly decrease of 195 [3][12]. - The 8 - 9 month spread was - 30, a daily decrease of 5 and a weekly decrease of 55; the 9 - 10 month spread was 15, a daily decrease of 25 and a weekly decrease of 15 [3][12]. - The Shandong market price was 12,200, a daily increase of 100 and a weekly increase of 500; the Chuanhua market price was 12,100, a daily increase of 200 and a weekly increase of 500 [3][12]. - The Qilu ex - factory price was 12,200, with no daily change and a weekly increase of 500 [3][12]. - CFR Northeast Asia was 1,450, with no daily or weekly change; CFR Southeast Asia was 1,730, with no daily or weekly change [3][12]. - The spot processing profit was 81, a daily increase of 24 and a weekly increase of 220; the on - screen processing profit was 296, a daily increase of 54 and a weekly increase of 415 [3][12]. - The import profit was - 87,056, a daily decrease of 16 and a weekly decrease of 3,271; the export profit was - 879, a daily decrease of 75 and a weekly decrease of 284 [3][12]. BD (Butadiene) - The Shandong market price on July 25 was 9,725, a daily increase of 75 and a weekly increase of 275; the Jiangsu market price was 9,750, a daily increase of 100 and a weekly increase of 300 [3][12]. - The Yangzi ex - factory price was 9,700, with no daily change and a weekly increase of 300 [3][12]. - CFR China was 1,100, with no daily change and a weekly increase of 50 [3][12]. - The carbon - four extraction profit data was incomplete; the butene oxidative dehydrogenation profit was 866, a daily increase of 100 and a weekly increase of 370 [3][12]. - The import profit was 697, a daily increase of 90 and a weekly decrease of 80; the export profit was - 1,470, a daily increase of 64 and a weekly decrease of 282 [3][12]. Downstream Profits - The Shun - Ding production profit was 296, a daily increase of 54 and a weekly increase of 415; the Ding - Ben production profit was 700, with no daily change and a weekly increase of 125 [3][12]. - The ABS production profit data was incomplete; the SBS production profit (791 - H) was 520, with no daily change and a weekly decrease of 150 [3][12]. Price Spreads - The RU - BR spread was - 33,726, a daily decrease of 143 and a weekly decrease of 31,322; the NR - BR spread was - 35,991, a daily decrease of 283 and a weekly decrease of 31,452 [3][12]. - The Thai mixed - Shun - Ding spread was 2,900, a daily increase of 100 and a weekly increase of 100; the 3L - Ding - Ben spread was 2,750, a daily decrease of 100 and a weekly increase of 100 [3][12]. - The Shun - Ding standard - non - standard price spread was 250, a daily decrease of 150 and a weekly increase of 50; the Ding - Ben 1502 - 1712 spread was 1,150, a daily increase of 50 and a weekly decrease of 50 [3][12].

17000 BR主力合约盘面概览 BR价格结构 16000 6000000 13000 r 15000 500000 12500 14000 400000 12000 13000 300000 11500 200000 12000 11000 11000 1000000 10500 10000 10000 - 06合约 07合约 08合约 现货 -- 5/20 --- 5/19 --- 5/16 --- 5/13 --- 4/18 丁苯-BR基差 顺丁-BR基差 BR06-07 2500 1000 - 800 2000 600 500 1 200 400 1000 200 500 -500 0 -20Q -50Q -400 -1000 -1000 -600 -1500 - -800 -1500 2023 -- 2024 -- 2025 2023 -- 2024 -- 2025 · 2023 - - 2024 - - 2025 顺丁山东市场价(贴近下游) 顺丁浙江传化市场价(贴近现货) BR07-08 18000 18000 1000 800 16000 1 6000 600 14000 14000 400 1 ...