石油沥青日报：盘面上行，提振现货市场氛围-20250508

Group 1: Report's Investment Rating - No information provided on the industry investment rating Group 2: Core Views - The upward movement of the futures market has boosted the atmosphere of the asphalt spot market, but the supply - demand weakness pattern generally continues, with a slight increase in refinery operating rates and production [1] - The overall inventory pressure is currently limited, but attention should be paid to the marginal supply changes after profit restoration [1] - The strategy for the asphalt market is a unilateral oscillation, with no suggestions for inter - period, cross - variety, spot - futures, or options trading [2] Group 3: Market Analysis Summary Futures Market - On May 7, the closing price of the main BU2506 contract of asphalt futures in the afternoon session was 3432 yuan/ton, up 89 yuan/ton or 2.66% from the previous day's settlement price; the open interest was 114,336 lots, a net increase of 418 lots, and the trading volume was 233,614 lots, a net increase of 39,209 lots [1] Spot Market - The spot settlement prices of heavy - traffic asphalt from Zhuochuang Information are: 3700 - 4086 yuan/ton in Northeast China, 3410 - 3720 yuan/ton in Shandong, 3320 - 3430 yuan/ton in South China, and 3500 - 3570 yuan/ton in East China [1] - The asphalt spot prices in the Northwest, North China, and Shandong regions increased yesterday, while those in other regions remained generally stable [1] Fundamental Situation - As of May 6, 2025, the total inventory of 54 domestic asphalt sample refineries was 881,000 tons, a 2.2% increase from April 28 [1]