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永安期货焦炭日报-20250904
Yong An Qi Huo· 2025-09-04 04:50
焦炭日报 研究中心黑色团队 2025/9/4 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1535.94 | 0.00 | 0.00 | 109.23 | -2.82% 高炉开工率 | 90.02 | | -0.23 | -0.22 | 6.79% | | 河北准一湿熄 | 1780.00 | 0.00 | 0.00 | 130.00 | -1.39% 铁水日均产量 | 240.13 | | -0.62 | -0.58 | 8.71% | | 山东准一干熄 | 1715.00 | 0.00 | 0.00 | 110.00 | -7.05% 盘面05 | 1695.5 | -3.50 | -47.50 | -64.00 | -15.14% | | 江苏准一干熄 | 1755.00 | 0.00 | 0.00 | 110.00 | -6.90% 盘面09 | 1481 | -13.5 ...
甲醇聚烯烃早报-20250904
Yong An Qi Huo· 2025-09-04 04:50
Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - **Methanol**: The current trading logic is the transmission of port pressure to the inland. Although there is seasonal stocking demand and new device stocking increment in the inland later, the port will continuously form a reverse flow impact. The current price is benchmarked against the inland price, and the inland behavior is crucial. Xingxing is expected to start operation in early September, but the inventory is still accumulating. The reverse flow can relieve port pressure but will impact the inland valuation. Currently, the valuation and inventory are average, and the driving force is weak. Wait before bottom - fishing, considering import variables such as India's purchase of Iranian methanol and unplanned maintenance [2]. - **Plastic (Polyethylene)**: The inventory of Sinopec and PetroChina is neutral year - on - year. The upstream is destocking, and the social inventory is flat. The downstream raw material and finished product inventories are neutral. The overall inventory is neutral. The 09 basis is around - 110 in North China and - 50 in East China. The foreign markets in Europe, America, and Southeast Asia are stable. The import profit is around - 200, with no further increase for now. The price of non - standard HD injection molding is stable, and other price differences are fluctuating. The LD is weak. The maintenance in September is flat compared to the previous period, and the domestic linear production has decreased recently. Pay attention to the LL - HD conversion and US quotes. The pressure from new devices in 2025 is large, and focus on the commissioning of new devices [6]. - **PP (Polypropylene)**: The upstream and mid - stream of polypropylene are destocking. The basis is - 60, the non - standard price difference is neutral, and the import profit is around - 700. The export situation has been good this year. The non - standard price difference is neutral. The European and American markets are stable. The PDH profit is around - 400, the propylene price is fluctuating, and the powder production start - up is stable. The拉丝 production arrangement is neutral. The subsequent supply is expected to increase slightly month - on - month. The downstream orders are average currently, and the raw material and finished product inventories are neutral. Under the background of over - capacity, the pressure on the 01 contract is expected to be moderately excessive. If the export volume continues to increase or there are many PDH device overhauls, the supply pressure can be alleviated to a neutral level [8]. - **PVC**: The basis is maintained at 01 - 270, and the factory - delivery basis is - 480. The downstream start - up is seasonally weakening, and the willingness to hold goods at low prices is strong. The mid - upstream inventory is continuously accumulating. The northwest devices have seasonal overhauls in summer, and the load center is between the spring overhaul and the high - production period in Q1. In Q4, focus on the commissioning and export sustainability. The recent export orders have declined slightly. The coal sentiment is positive, the cost of semi - coke is stable, and the profit of calcium carbide is under pressure due to PVC overhauls. The export counter - offer of caustic soda is FOB380. Pay attention to whether the subsequent export orders can support the high price of caustic soda. The comprehensive profit of PVC is - 100. Currently, the static inventory contradiction is accumulating slowly, the cost is stable, the downstream performance is average, and the macro situation is neutral. Pay attention to exports, coal prices, commercial housing sales, terminal orders, and start - up [8]. 3. Summary by Related Catalogs Methanol - **Price Data**: From August 28 to September 3, 2025, the power coal futures price remained at 801. The Jiangsu spot price increased from 2235 to 2253, the South China spot price increased from 2255 to 2250, the Lunan converted - to - futures price remained at 2505 on most days with a 10 - point increase on September 3, the Southwest converted - to - futures price remained at 2480 on most days with a 5 - point increase on September 2, the Hebei converted - to - futures price decreased by 30 points on September 3, the Northwest converted - to - futures price increased from 2655 to 2658, the CFR China price remained at 259 on most days with a 1 - point increase on September 2, and the CFR Southeast Asia price remained at 322. The import profit increased from 1 to 16, the main contract basis increased from - 140 to - 135, and the MTO profit on the disk remained at - 1237 [2]. Plastic (Polyethylene) - **Price Data**: From August 28 to September 3, 2025, the Northeast Asian ethylene price remained at 840 on most days. The North China LL price remained at 7170 on September 1 - 3 after a decline, the East China LL price decreased from 7350 to 7285, the East China LD price decreased from 9625 to 9600, the East China HD price decreased from 7550 to 7430, the LL US dollar price remained at 860, the LL US Gulf price remained at 840. The import profit decreased from - 150 to - 218, the main futures price decreased from 7358 to 7247, the basis decreased from - 140 to - 100, the two - oil inventory remained at 65, and the warehouse receipt remained at 8263 on September 2 - 3 [6]. PP (Polypropylene) - **Price Data**: From August 28 to September 3, 2025, the Shandong propylene price remained at 6550 on most days with a 30 - point increase on September 1. The Northeast Asian propylene price remained at 760. The East China PP price decreased from 6920 to 6885, the North China PP price decreased from 6983 to 6928, the Shandong powder price decreased from 6830 to 6780, the East China copolymer price decreased from 7190 to 7140, the PP US dollar price remained at 860, the PP US Gulf price remained at 980. The export profit increased from - 22 to - 14, the main futures price decreased from 7020 to 6954, the basis remained at - 90 on most days with a 10 - point increase on September 1, the two - oil inventory decreased from 67 to 65, and the warehouse receipt decreased from 14055 to 13802 [8]. PVC - **Price Data**: From August 28 to September 3, 2025, the Northwest calcium carbide price decreased from 2350 to 2300 on September 1. The Shandong caustic soda price decreased from 887 to 882 on September 1. The calcium carbide - based PVC price in East China decreased from 4780 to 4760, the ethylene - based PVC price in East China remained at 5500, the calcium carbide - based PVC price in South China remained at 5450, the calcium carbide - based PVC price in the Northwest decreased from 4500 to 4470 on September 2. The import US dollar price (CFR China) remained at 710, the export profit increased from 481 to 523, the Northwest comprehensive profit remained at 356, the North China comprehensive profit remained at - 244, and the basis (high - end delivery product) remained at - 160 [8].
永安期货纸浆早报-20250904
Yong An Qi Huo· 2025-09-04 03:40
Group 1: SP Main Contract Information - The closing price of the SP main contract on September 3, 2025, was 5050.00 [3] - The closing prices on September 2, September 1, August 29, and August 28, 2025, were 5042.00, 5040.00, 5018.00, and 5002.00 respectively [3] - The corresponding converted US - dollar prices were 616.65, 615.59, 616.59, 613.87, and 611.42 [3] - The daily price changes were 0.15867%, 0.03968%, 0.43842%, 0.31987%, and - 0.15968% [3] - The Shandong Yinxing basis on September 3, 2025, was 700, and the Yangtze River Delta and Shanghai Yinxing basis was 715 [3] Group 2: Pulp Import Information - With a 13% VAT calculation, the import profit for Canadian Golden Lion pulp was - 72.01, for Canadian Lion pulp was - 518.04, and for Chilean Silver Star pulp was - 137.24 [4] - The port US - dollar prices for Canadian Golden Lion, Canadian Lion, and Chilean Silver Star were 780, 730, and 720 respectively [4] - The Shandong region's RMB prices for Canadian Golden Lion, Canadian Lion, and Chilean Silver Star were 6300, 5450, and 5750 respectively [4] Group 3: Pulp and Paper Price and Margin Information - From August 28 to September 3, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged at 6073.75, 4810.75, 5415.00, and 3686.25 respectively [4] - The Shandong region's average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp also remained unchanged at 6245.00, 4775.00, 5400.00, and 3600.00 respectively [4] - For cultural paper, packaging paper, and living paper, from August 29 to September 3, 2025, the double - offset index, double - copper index, white - card index, and living index remained mostly unchanged, with only the living index showing a change from 835 to 828 [4] - The estimated profit margins of double - offset paper decreased from 3.1399% on August 29 to 2.6354% on September 3, 2025, a change of - 0.5045 [4] - The estimated profit margins of double - copper paper remained at 18.6625% [4] - The estimated profit margins of white - card paper remained at - 13.5802% [4] - The estimated profit margins of living paper decreased from 7.5852% on August 29 to 7.4897% on September 3, 2025, a change of - 0.0382 [4] Group 4: Pulp Price Difference Information - From August 28 to September 3, 2025, the softwood - hardwood price difference decreased from 1565 to 1560 [4] - The softwood - natural pulp price difference increased from 325 to 350 [4] - The softwood - chemimechanical pulp price difference increased from 1900 to 1925 [4] - The softwood - waste paper price difference increased from 4149 to 4174 [4]
永安期货铁合金早报-20250904
Yong An Qi Huo· 2025-09-04 03:38
Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Categories Price - **Silicon Iron**: On September 4, 2025, the latest prices of 72 silicon iron in Ningxia and Inner Mongolia were 5200 and 5250 respectively, with no daily change but a weekly decrease of 150 and 100. The export price of 72 silicon iron in Tianjin was 1055 US dollars, with no daily or weekly change. The latest price of 75 silicon iron in Shaanxi was 5950, with no daily change but a weekly increase of 50 [2]. - **Silicon Manganese**: On September 4, 2025, the latest factory - ex prices of 6517 silicon manganese in Inner Mongolia, Ningxia, Guangxi, Guizhou, and Yunnan were 5680, 5500, 5700, 5650, and 5650 respectively, with no daily change but weekly decreases ranging from 70 to 120 [2]. Supply - **Silicon Iron**: The production data of 136 silicon iron enterprises in China from 2021 - 2025 are presented, including monthly and weekly production, and the monthly capacity utilization rates of enterprises in Inner Mongolia, Ningxia, and Shaanxi [4]. - **Silicon Manganese**: The weekly production data of silicon manganese in China from 2021 - 2025 are shown, as well as the monthly procurement prices and quantities of 6517 silicon manganese by HeSteel Group [6]. Demand - **Silicon Iron**: Related demand indicators such as China's estimated and statistical monthly crude steel production, national magnesium production, and the procurement prices and quantities of FeSi75 - B by HeSteel Group from 2021 - 2025 are provided [4]. - **Silicon Manganese**: The demand indicators of silicon manganese in China from 2021 - 2025, including estimated crude steel production, silicon manganese demand, and export volume, are presented [4][7]. Inventory - **Silicon Iron**: The weekly inventory data of 60 sample silicon iron enterprises in China, including those in Ningxia, Inner Mongolia, and Shaanxi, from 2021 - 2025 are provided, as well as daily warehouse receipt and effective forecast data [5]. - **Silicon Manganese**: The daily warehouse receipt, effective forecast, and total inventory data of silicon manganese from 2021 - 2025, as well as the weekly inventory data of 63 sample enterprises in China, are presented [7]. Cost and Profit - **Silicon Iron**: The cost - related data such as electricity prices in Qinghai, Ningxia, Shaanxi, and Inner Mongolia, and the market price of semi - coke in Shaanxi from 2021 - 2025 are provided. The profit data include the production cost, spot profit, and export profit of silicon iron in Ningxia and Inner Mongolia [5]. - **Silicon Manganese**: The cost - related data such as the factory - ex price of chemical coke in Ordos and the prices of various manganese ores at ports from 2021 - 2025 are provided. The profit data include the profits of silicon manganese in Inner Mongolia, Guangxi, the northern and southern regions [6][7].
合成橡胶早报-20250904
Yong An Qi Huo· 2025-09-04 03:29
Group 1: Report Information - Report Name: Yong'an Synthetic Rubber Morning Report [2][12][22] - Research Team: Research Center Energy and Chemicals Team [2][12][22] - Report Date: September 4, 2025 [2][12][22] Group 2: BR (Butadiene Rubber) Market Data Demand Side - Main contract closing price on September 3: 11,885, weekly change: +175 [3][13][23] - Main contract open interest on September 3: 28,944, weekly change: -10,968 [3][13][23] - Main contract trading volume on September 3: 105,069, weekly change: +10,070 [3][13][23] - Warehouse receipt quantity on September 3: 12,540, weekly change: +70 [3][13][23] - Virtual - real ratio on September 3: 11.54, weekly change: -4 [3][13][23] Basis & Monthly Spread - Butadiene - styrene basis on September 3: 515, weekly change: -175 [3][13][23] - 8 - 9 monthly spread on September 3: 250, weekly change: -25 [3][13][23] - 9 - 10 monthly spread on September 3: 0, weekly change: +10 [3][13][23] Spot Market - Shandong market price on September 3: 11,900, weekly change: +100 [3][13][23] - Chuanhua market price on September 3: 11,800, weekly change: +100 [3][13][23] - Qilu ex - factory price on September 3: 12,100, weekly change: 0 [3][13][23] - CFR Northeast Asia on September 3: 1,500, weekly change: +25 [3][13][23] - CFR Southeast Asia on September 3: 1,700, weekly change: -25 [3][13][23] Processing & Import - Export - Spot processing profit on September 3: -92, weekly change: -2 [3][13][23] - Futures processing profit on September 3: -107, weekly change: +73 [3][13][23] - Import profit on September 3: -86,225, weekly change: +381 [3][13][23] - Export profit on September 3: -294, weekly change: +63 [3][13][23] Group 3: BD (Butadiene) Market Data Price - Shandong market price on September 3: 9,600, weekly change: +100 [3][13][23] - Jiangsu market price on September 3: 9,400, weekly change: +100 [3][13][23] - Yangzi ex - factory price on September 3: 9,500, weekly change: 0 [3][13][23] - CFR China on September 3: 1,095, weekly change: 0 [3][13][23] Processing & Import - Export - Carbon four extraction profit: Data unavailable on September 3 [3][13][23] - Butene oxidative dehydrogenation profit on September 3: 236, weekly change: +30 [3][13][23] - Import profit on September 3: 416, weekly change: +125 [3][13][23] - Export profit on September 3: -1,010, weekly change: +71 [3][13][23] Downstream Profit - Butadiene - styrene production profit on September 3: 1,125, weekly change: +50 [3][13][23] - ABS production profit data unavailable on September 3 [3][13][23] - SBS (791 - H) production profit on September 3: Data stable, weekly change: -125 [3][13][23] Group 4: Spread Data Inter - Variety Spread - RU - BR spread on September 3: -13,059, weekly change: +11,093 [3][13][23] - NR - BR spread on September 3: -16,229, weekly change: +11,068 [3][13][23] - Thai mixed - butadiene spread on September 3: 3,000, weekly change: +100 [3][13][23] - 3L - butadiene - styrene spread on September 3: 2,700, weekly change: +100 [3][13][23] Intra - Variety Spread - Standard - non - standard butadiene price difference on September 3: 250, weekly change: 0 [3][13][23] - Butadiene - styrene 1502 - 1712 spread on September 3: 1,000, weekly change: +100 [3][13][23]
永安期货有色早报-20250904
Yong An Qi Huo· 2025-09-04 03:11
Report Industry Investment Ratings - Not provided in the given content Core Viewpoints - The copper price broke through and rose this week. With supply disturbances and expected decline in electrolytic copper production in September, there is obvious support at the bottom, and potential squeezing risks should be noted [1]. - For aluminum, supply slightly increased, and demand is expected to improve seasonally in September with inventory depletion. Attention should be paid to reverse spreads between distant months and inside - outside in the low - inventory pattern [1]. - The zinc price fluctuated narrowly this week. In the short term, it is expected to rebound and is recommended for observation; in the medium - to - long - term, it is suitable for short - side allocation. Inside - outside positive spreads can be held, and opportunities for positive spreads between months can be noted [5][6]. - The nickel market has high - level pure nickel production, weak overall demand, and stable premiums. With the situation in Indonesia to be continuously monitored, the short - term fundamental situation is average [7]. - The stainless - steel market has weak fundamentals with partial passive production cuts by steel mills, mainly rigid demand, and stable inventory in Xifu areas. Attention should be paid to the development of the situation in Indonesia [10]. - The lead price oscillated this week. Supply is expected to be tight, demand has a slight improvement, but inventory is at a high level. It is expected that the lead price will maintain a low - level oscillation next week [12]. - The tin price oscillated upward this week. The domestic market is in a situation of weak supply and demand in the short term. It is recommended to observe in the short term and hold at low prices near the cost line in the medium - to - long - term [15]. - For industrial silicon, the short - term supply - demand balance depends on the resumption rhythm of Hesheng. In the medium - to - long - term, it is expected to oscillate at the cycle bottom due to over - capacity [18]. - The lithium carbonate price declined this week. The core contradiction is the excess supply in the medium - to - long - term and the short - term compliance disturbances at the resource end. With the arrival of the peak season, the price has strong downward support [20][21]. Summary by Metal Copper - **Price and Market Data**: From August 28 to September 3, the spot premium of Shanghai copper decreased by 25, the waste - refined copper price difference increased by 39, and the LME inventory decreased by 200 [1]. - **Fundamentals**: Market orders remained resilient, and the copper rod operating rate showed no obvious distinction between peak and off - peak seasons. The rumor of tax rebate cancellation in some areas led to a tight waste - refined price difference, and the production of anode copper may be affected in September and October. The planned production of electrolytic copper in September decreased unexpectedly [1]. Aluminum - **Price and Market Data**: From August 28 to September 3, the prices of Shanghai, Yangtze River, and Guangdong aluminum ingots all increased by 20, and the domestic alumina price decreased by 12. The LME inventory remained unchanged [1]. - **Fundamentals**: Supply slightly increased, and demand was in the seasonal off - peak season in August with a slight improvement in the middle and late stages. The inventory is expected to deplete in September [1]. Zinc - **Price and Market Data**: From August 28 to September 3, the Shanghai zinc ingot price increased by 90, the domestic social inventory remained unchanged, and the LME inventory decreased by 375 [5]. - **Fundamentals**: The domestic TC of zinc ore has limited upward movement, and the import TC increased. The smelting increment in August was further realized. Domestic demand is seasonally weak but has certain resilience, and overseas demand has some resistance in production due to processing fees [5]. Nickel - **Price and Market Data**: From August 28 to September 3, the Shanghai nickel spot price decreased by 1550, and the LME inventory increased by 3996 [6][7]. - **Fundamentals**: Pure nickel production remained at a high level, demand was weak, and premiums were stable. The situation in Indonesia needs continuous monitoring [7]. Stainless Steel - **Price and Market Data**: From August 28 to September 3, the 304 cold - rolled coil price increased by 50, and the 430 cold - rolled coil price increased by 100 [10]. - **Fundamentals**: Steel mills had partial passive production cuts, demand was mainly rigid, and inventory in Xifu areas remained stable [10]. Lead - **Price and Market Data**: From August 28 to September 3, the spot premium increased by 5, and the LME inventory decreased by 3475 [12]. - **Fundamentals**: Supply is expected to be tight, demand has a slight improvement, but inventory is at a high level. It is expected that the lead price will maintain a low - level oscillation next week [12]. Tin - **Price and Market Data**: From August 28 to September 3, the spot import profit increased by 874.40, and the LME inventory increased by 20 [15]. - **Fundamentals**: The domestic market is in a situation of weak supply and demand in the short term. Supply is affected by smelter maintenance and overseas production resumption difficulties, and demand has a peak - season expectation but also a decline in photovoltaic growth [15]. Industrial Silicon - **Price and Market Data**: From August 28 to September 3, the 421 Yunnan basis decreased by 20, and the 553 East China basis decreased by 20 [18]. - **Fundamentals**: The resumption of production in Xinjiang is progressing steadily, and the production in Sichuan and Yunnan is stable. The short - term supply - demand balance depends on the resumption rhythm of Hesheng, and there is over - capacity in the medium - to - long - term [18]. Lithium Carbonate - **Price and Market Data**: From August 28 to September 3, the SMM electric - grade lithium carbonate price decreased by 1600, and the number of warehouse receipts increased by 2111 [20]. - **Fundamentals**: The price declined this week due to multiple factors. The core contradiction is the excess supply in the medium - to - long - term and the short - term compliance disturbances at the resource end. With the arrival of the peak season, the price has strong downward support [20][21].
永安期货贵金属早报-20250904
Yong An Qi Huo· 2025-09-04 03:10
Price Performance - London Gold latest price is 3556.20, with a change of 66.20 [1] - London Silver latest price is 40.86, with a change of 0.34 [1] - London Platinum latest price is 1376.00, with a change of -35.00 [1] - London Palladium latest price is 1111.00, with a change of -17.00 [1] - WTI Crude latest price is 63.97, with a change of -1.62 [1] - LME Copper latest price is 9970.50, with a change of 82.50 [1] - US Dollar Index latest is 98.15, with a change of -0.17 [1] - Euro to US Dollar latest is 1.17, with a change of 0.00 [1] - British Pound to US Dollar latest is 1.34, with a change of 0.01 [1] - US Dollar to Japanese Yen latest is 148.11, with a change of -0.22 [1] Trading Data - COMEX Silver inventory latest is 16051.50, with a change of -67.33 [1] - SHFE Silver inventory latest is 1227.04, with a change of 11.81 [1] - Gold ETF holdings latest is 984.26, with a change of -6.30 [1] - Shanghai Gold Exchange Silver inventory data not fully provided [1] - Shanghai Gold Exchange Gold deferred fee payment direction latest is 2, with a change of 0.00 [1] - Shanghai Gold Exchange Silver deferred fee payment direction latest is 2, with a change of 0.00 [1]
永安期货钢材早报-20250904
Yong An Qi Huo· 2025-09-04 03:09
Report Summary 1. Report Industry Investment Rating - There is no information about the industry investment rating in the provided content. 2. Core Viewpoints - There is no clear core viewpoint explicitly stated in the given content. 3. Summary by Related Catalogs Price and Profit - The report presents the spot prices of various steel products from August 28, 2025, to September 3, 2025, including different regions' prices of rebar and hot - rolled and cold - rolled coils. For example, Beijing rebar's price decreased from 3220 on August 28, 2025, to 3160 on September 3, 2025, with a change of - 10. The prices of Shanghai hot - rolled coil remained unchanged during the last several days, and the price of Shanghai cold - rolled coil decreased by 20 [1]. Basis and Spread - There is no content related to basis and spread in the provided materials. Output and Inventory - There is no content related to output and inventory in the provided materials.
永安期货焦煤日报-20250904
Yong An Qi Huo· 2025-09-04 03:09
焦煤日报 研究中心黑色团队 | | 最新 | 日变化 | 周变化 | 月变化 年变化 | | 最新 | 日变化 | 周变化 | 月变化 | 年变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 柳林主焦 | 1410.00 | 0.00 | -95.00 | 6.00 | 0.71% Peak Downs | 199.50 | -0.50 | -1.50 | 0.50 | 5.00 | | 原煤口岸库提价 | 906.00 | -14.00 | -72.00 | -54.00 | -22.23% Goonyella | 202.50 | -0.50 | -0.50 | 0.50 | 8.00 | | 沙河驿蒙5# | 1380.00 | 0.00 | 0.00 | 0.00 | -16.36% 盘面05 | 1164.50 | -3.50 | -29.50 | -105.00 | -14.12% | | 安泽主焦 | 1450.00 | 0.00 | -20.00 | -50.00 | -13.69% 盘面09 ...
沥青早报-20250904
Yong An Qi Huo· 2025-09-04 01:19
1. Report Industry Investment Rating - No relevant content provided. 2. Core Views of the Report - No relevant content provided. 3. Summary According to Related Catalogs Futures Contract Information - On September 3, the price of the BU main contract was 3550, showing a daily change of -1 and a weekly change of 27 [4]. - The trading volume was 244,297, with a daily change of -105,595 and a weekly change of -24,008; the open interest was 493,200, with a daily change of 1306 and a weekly change of 98,350 [4]. Spot Market Information - On September 3, the market price in Shandong was 3550, with a daily change of 10 and a weekly change of 10; in East China, it was 3700, with no daily change and a weekly change of -20; in South China, it was 3530, with no daily change and a weekly change of 40; in North China, it was 3650, with no daily change and a weekly change of -30; in Northeast China, it was 3870, with no daily change and a weekly change of -10 [4]. Basis and Spread Information - On September 3, the Shandong basis was 0, with a daily change of 11 and a weekly change of -17; the East China basis was 150, with no daily change and a weekly change of -47; the South China basis was -20, with no daily change and a weekly change of 13 [4]. - The 03 - 06 spread was 4, with a daily change of 7 and a weekly change of -5; the 06 - 09 spread was -81, with a daily change of 5 and a weekly change of 72; the 09 - 12 spread was 49, with a daily change of -2 and a weekly change of -50; the 12 - 03 spread was 28, with a daily change of 4 and a weekly change of -17 [4]. Crack Spread and Profit Information - On September 3, the asphalt - Brent crack spread was -53, with a daily change of -46 and a weekly change of -39; the asphalt - Ma Rui profit was -116, with a daily change of -42 and a weekly change of -35 [4]. - The comprehensive profit of ordinary refineries was 337, with a daily change of -24 and a weekly change of -59; the comprehensive profit of Ma Rui - type refineries was not clearly shown, but the change was -30 compared to the previous day and -47 compared to the previous week [4]. - The import profit from South Korea to East China was -56, with a daily change of -4; the import profit from Singapore to South China was -924, with a daily change of -5 and a weekly change of 122 [4]. Related Price Information - On September 3, the price of Brent crude oil was 69.1, with a daily change of 1.0 and a weekly change of 1.1; the market price of gasoline in Shandong was 7553, with a daily change of 28 and a weekly change of -74; the market price of diesel in Shandong was 6470, with a daily change of 29 and a weekly change of -31; the market price of residue oil in Shandong was 3532, with a daily change of 10 and a weekly change of -100 [4].