沥青早报-20250814

Report Information - Report Title: Asphalt Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Date: August 14, 2025 [3] Key Data Summary Futures Contracts - Prices: On August 13, BU主力合约 was 3503, down 3 from the previous day and 41 from July 15; BU06 was 3338, down 2 from the previous day and 26 from July 15; BU09 was 3534, down 5 from the previous day and 10 from July 15; BU12 was 3406, unchanged from the previous day and down 25 from July 15; BU03 was 3340, down 13 from the previous day and 35 from July 15 [4]. - Volume and Open Interest: On August 13, the trading volume was 176,721, an increase of 8,072 from the previous day and a decrease of 109,417 from July 15; the open interest was 444,480, a decrease of 2,094 from the previous day and 19,393 from July 15 [4]. - Delivery Quantity: On August 13, it was 32,040, unchanged from the previous day and a decrease of 8,200 from July 15 [4]. Spot Market - Low - end Prices: On August 13, the low - end price in the Shandong market was 3520, unchanged from the previous day and down 50 from July 15; in the East China market, it was 3650, unchanged from the previous day and down 20 from July 15; in the North China market, it was 3680, up 30 from the previous day and 10 from July 15 [4]. - Base and Spread: On August 13, the Shandong - East China spread was - 130, unchanged from the previous day and down 30 from July 15; the Shandong - Northeast spread was not available; the East China - South China spread was not available; the Shandong base was 17, up 3 from the previous day and down 9 from July 15; the East China base was 147, up 3 from the previous day and 21 from July 15 [4]. Spread and Profit - Spreads: On August 13, the 03 - 06 spread was 1, down 11 from the previous day and 9 from July 15; the 06 - 09 spread was - 196, up 3 from the previous day and down 16 from July 15; the 09 - 12 spread was 128, down 5 from the previous day and up 15 from July 15; the 12 - 03 spread was 66, up 13 from the previous day and 10 from July 15 [4]. - Profits: On August 13, the ordinary refinery's comprehensive profit was 509, up 24 from the previous day and 32 from July 15; the import profit (South Korea - East China) was - 197, up 2 from the previous day and down 17 from July 15 [4]. Related Prices - On August 13, Brent crude oil was 66.1, down 0.5 from the previous day and 0.8 from July 15; the Shandong market price of gasoline was 7732, down 6 from the previous day and 12 from July 15; the Shandong market price of diesel was 6562, up 7 from the previous day and down 14 from July 15; the Shandong market price of residual oil was 3630, unchanged from the previous day and down 20 from July 15 [4]