石油沥青日报：需求改善乏力，市场情绪偏谨慎-20250815

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The demand improvement of asphalt is weak, and the market sentiment is cautious. The supply - demand pattern of asphalt remains weak, and the price may follow the decline of oil prices. The meeting between the US and Russian presidents and changes in US sanctions policies may bring additional volatility risks to the crude oil and asphalt markets [1][2] 3. Summary by Related Catalogs Market Analysis - On August 14, the closing price of the main asphalt futures contract BU2510 in the afternoon session was 3,472 yuan/ton, down 19 yuan/ton or 0.54% from the previous settlement price. The open interest was 224,823 lots, a decrease of 176 lots from the previous day, and the trading volume was 153,819 lots, an increase of 30,630 lots from the previous day [2] - 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 other regions remained stable. Due to the weak oil price trend and poor asphalt demand, the spot market sentiment is cautious [2] - The supply - demand pattern of asphalt remains weak. Affected by typhoon weather, the demand improvement is still weak. Considering the low inventory, there is no prominent contradiction in the market currently. However, if the oil price continues to fall, the asphalt market price will also decline further [2] Strategy - Unilateral: Oscillating weakly; Cross - period: None; Cross - variety: None; Futures - spot: None; Options: None [3]