建信期货沥青日报-20250624

Group 1: Report Information - Report Name: Asphalt Daily Report [1] - Date: June 24, 2025 [2] Group 2: Investment Rating - Not provided Group 3: Core View - The asphalt market shows a pattern of weak supply and demand, mainly following oil price fluctuations, and is expected to operate strongly [7] Group 4: Market Review and Operation Suggestions - Futures Market: The opening, closing, highest, and lowest prices of BU2509 and BU2508 contracts are provided, with their respective price increases of 0.8% and 1.02%, and trading volumes of 31.75 and 4.75 million lots [6] - Spot Market: Spot prices in Northeast, North China, Shandong, and Sichuan-Chongqing regions increased, while prices in other regions remained stable. The high opening of crude oil and asphalt futures had a positive impact on the spot market [6] - Supply: Jiangsu Xinhai plans to resume asphalt production, but Maoming Petrochemical has no resumption plan, and Jinling Petrochemical in East China and Liaohe Petrochemical in Northeast China have reduced production loads. The average operating load rate of asphalt plants is expected to continue to decline [6] - Profit: Oil prices are expected to remain high, but the increase in asphalt prices may be limited. Asphalt production profits are expected to improve slightly [6] - Demand: There is limited room for improvement in asphalt demand. Traders and downstream users are cautious and mainly purchase on demand [6] Group 5: Industry News - Shandong Market: The mainstream transaction price of 70A grade asphalt is 3760 - 4030 yuan/ton, up 30 yuan/ton from the previous day. Rising international oil prices and asphalt futures have driven up prices, and the market is cautious [8] - East China Market: The mainstream intended price of 70A grade asphalt is 3680 - 3770 yuan/ton, remaining stable. Although the rainy season has affected demand, the strong crude oil and asphalt futures have given impetus to price increases. Pay attention to the possibility of Sinopec raising prices [8] Group 6: Data Overview - Multiple data charts are provided, 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 Jianxin Futures Research and Development Department [12][16][20][25]