Group 1: Report Industry Investment Rating - The investment rating for the asphalt industry is not explicitly mentioned in the report. Group 2: Core Viewpoints - The terminal demand for asphalt remains weak, and the market driving force is limited. The supply - demand pattern of asphalt is generally in a weak state, with inventory at a low level and no significant signal of inventory accumulation. The short - term surplus pressure in the market is limited, but the improvement of terminal demand is weak due to weather factors, and speculative demand also needs to recover. The price of the asphalt market is closely related to oil prices, and if oil prices continue to fall, the asphalt market price will also weaken further [1]. - The strategy for asphalt investment is that the unilateral trend is expected to be weakly volatile, while there are no strategies for inter - period, cross - variety, spot - futures, and options [2]. Group 3: Summary by Related Catalogs Market Analysis - On August 13, the closing price of the main BU2510 contract of asphalt futures in the afternoon session was 3,503 yuan/ton, a decrease of 1 yuan/ton or 0.02% compared to the previous day's settlement price. The open interest was 224,999 lots, a net increase of 1,869 lots compared to the previous day, and the trading volume was 123,189 lots, a net increase of 2,907 lots compared to the previous day [1]. - The spot settlement prices of heavy - traffic asphalt from Zhuochuang Information are as follows: Northeast: 3,880 - 4,086 yuan/ton; Shandong: 3,520 - 3,870 yuan/ton; South China: 3,520 - 3,550 yuan/ton; East China: 3,600 - 3,800 yuan/ton. The spot price of asphalt in the North China market increased yesterday, while the spot prices in the East China and South China regions decreased, and the prices in other regions remained stable for the time being [1]. Strategy - Unilateral: Weakly volatile - Inter - period: None - Cross - variety: None - Spot - futures: None - Options: None [2] Figures - The report includes figures related to asphalt spot prices in different regions (Shandong, East China, South China, North China, Southwest, Northwest), asphalt futures prices (index, main contract, near - month contract, near - month spread), trading volume and open interest of asphalt futures, domestic asphalt production (weekly, independent refineries, different regions), domestic asphalt consumption in different fields (road, waterproofing, coking, ship fuel), and asphalt inventories (refinery, social) [3].
石油沥青日报:沥青终端需求仍偏弱,市场驱动有限-20250814
Hua Tai Qi Huo·2025-08-14 07:06