建信期货沥青日报-20250613

Group 1: Report Information - Report Title: Asphalt Daily Report [1] - Date: June 13, 2024 [2] Group 2: Investment Rating - No investment rating information provided Group 3: Core View - The unilateral price of asphalt is expected to rise following the short - term strong oil price due to geopolitical tensions. The long - BU short - SC position should stop profit and wait for the oil price to decline before considering re - entry. The previous recovery of asphalt profit has stimulated refineries' willingness to start work to some extent, but the overall increase is limited. The demand side will be affected by the rainy season in June, with limited growth space and lack of market drivers [6]. Group 4: Market Review and Operation Suggestions - Futures Market: For BU2509, the opening price was 3493 yuan/ton, the closing price was 3527 yuan/ton, the highest was 3535 yuan/ton, the lowest was 3468 yuan/ton, the increase was 1.47%, and the trading volume was 302,600 lots. For BU2508, the opening price was 3506 yuan/ton, the closing price was 3543 yuan/ton, the highest was 3549 yuan/ton, the lowest was 3485 yuan/ton, the increase was 1.37%, and the trading volume was 12,600 lots [6]. - Spot Market: The asphalt spot price in Shandong has increased, and the prices in other regions are mainly stable. The rise of crude oil and asphalt futures has a positive impact on the asphalt spot market sentiment [6]. - Operation Suggestion: Stop profit and wait for the long - BU short - SC position, and consider re - entry when the oil price drops [6]. Group 5: Industry News - Shandong Market: The mainstream transaction price of 70A grade asphalt was 3520 - 3950 yuan/ton, up 10 yuan/ton from the previous working day. The sharp rise in international oil prices drove the asphalt futures to fluctuate higher, boosting the spot market sentiment [7]. - East China Market: The mainstream transaction price of 70A grade asphalt was 3600 - 3670 yuan/ton, up 20 yuan/ton from the previous working day. The rise of crude oil price and asphalt futures supported the market price, but the market demand was poor, and the social inventory price was still low [7]. Group 6: Data Overview - The report provides multiple data charts, including asphalt daily operating rate, Shandong asphalt comprehensive profit, Shandong asphalt spot price, Shandong asphalt basis, asphalt cracking, asphalt social inventory, asphalt manufacturer inventory, and asphalt warehouse receipts, with data sources from Wind and the Research and Development Department of CCB Futures [11][15][19][24]