建信期货沥青日报-20250416

Group 1: Report Overview - Report Title: Asphalt Daily Report [1] - Report Date: April 16, 2024 [2] Group 2: Market Review and Operation Suggestions Futures Market - For BU2506, the opening price was 3340 yuan/ton, closing at 3301 yuan/ton, with a high of 3342 yuan/ton, a low of 3293 yuan/ton, a decline of 0.12%, and a trading volume of 20.19 million lots [6] - For BU2507, the opening price was 3318 yuan/ton, closing at 3293 yuan/ton, with a high of 3328 yuan/ton, a low of 3287 yuan/ton, an increase of 0.09%, and a trading volume of 2.60 million lots [6] Spot Market - As of the noon market today, asphalt spot prices in North China, Shandong, and East China declined, while those in Northeast and South China rose slightly, and prices in other regions remained stable [6] Supply and Demand Analysis - Supply: Sinopec Sichuan in Southwest China and Tianzhize in Northwest China plan to produce asphalt stably. Shandong Shengxing Petrochemical's 1.5 million - ton plant and Henan Fengli's 1.3 million - ton plant may resume asphalt production, and the average operating load rate of asphalt plants is expected to continue rising [7] - Demand: Rain in Jiangnan and South China will affect road construction, weakening the rigid demand in these areas. Cold air in central and eastern China will impact some northern projects. With significant fluctuations in international oil prices, the spot market is cautious, and speculative demand is released conservatively [7] Market Outlook - The asphalt market fundamentals remain weak in both supply and demand. With oil prices bottoming out, asphalt is expected to fluctuate weakly [7] Group 3: Industry News Shandong Market - The mainstream intended price of 70A asphalt is 3330 - 3500 yuan/ton, down 20 yuan/ton from the previous day. Low - price resource transactions are okay, and some local refineries raised prices, but Qilu Petrochemical's settlement price decline pulled down high - end prices [8] East China Market - The mainstream intended price of 70A asphalt is 3500 - 3570 yuan/ton, down 95 yuan/ton from the previous day. Demand is weak, and social inventory shipments have not improved significantly. Sinopec's price cuts narrowed the price gap between its plants and local refineries and social inventories [8] Group 4: Data Overview - The report presents multiple figures including asphalt daily operating rate, Shandong asphalt comprehensive profit, asphalt cracking, asphalt social inventory, asphalt manufacturer inventory, and asphalt warehouse receipts, with data sources from Wind and Jianxin Futures Research and Development Department [10][16][23]