沥青早报-20250529

Report Information - Report Title: Asphalt Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: May 29, 2025 [3] Core Data Summary Futures Contracts - Prices: The prices of BU06, BU09, BU12, and BU03 contracts showed varying degrees of change. For example, the BU06 contract decreased by 35 - 34 points on a daily basis and 60 - 52 points on a weekly basis [4]. - Volume and Open Interest: The trading volume was 407,985 on May 28, a daily decrease of 50,689 and a weekly increase of 87,988. The open interest was 406,500, a daily increase of 26,024 and a weekly increase of 1,891 [4]. Spot Market - Low - end Prices: The low - end prices in different regions had different trends. For instance, the low - end price in the Shandong market increased by 30 points both daily and weekly to 3,480, while the price in the East China market remained unchanged at 3,520 [4]. - Specific Brands: The price of Jingbo (Haiyun) increased by 20 points daily and 40 points weekly to 3,610 [4]. Basis and Calendar Spreads - Basis: The basis in different regions changed. For example, the Shandong basis increased by 90 points weekly to - 1, and the East China basis increased by 60 points weekly to 39 [4]. - Calendar Spreads: The spreads between different contracts also changed. For example, the 03 - 06 spread increased by 27 points daily and 47 points weekly to - 262 [4]. Crack Spreads and Profits - Crack Spreads: The asphalt Brent crack spread increased by 58 points daily and 83 points weekly to 112 [4]. - Profits: The asphalt Marrow profit increased by 52 points daily and 75 points weekly to 35. The ordinary refinery's comprehensive profit increased by 22 points daily and 89 points weekly to 497 [4].