永安期货沥青早报-20250826

Report Information - Report Title: Asphalt Morning Report [2][10][18] - Research Team: Research Center Energy and Chemicals Team [3][11][19] - Report Date: August 26, 2025 [3][11][19] - Data Sources: Mysteel, Wind [14][22] Futures Market Futures Contracts - The BU main contract price was 3,512 on August 25, with a daily increase of 29 and a monthly increase of 51 [4][12][20]. - BU06 was 3,372, up 12 daily and 54 monthly [4][12][20]. - BU09 was 3,545, with an unspecified daily change and a monthly increase of 48 [4][12][20]. - BU12 was 3,432, up 32 daily and 62 monthly [4][12][20]. - BU03 was 3,394, up 32 daily and 72 monthly [4][12][20]. Trading Volume and Open Interest - The trading volume on August 25 was 257,555, an increase of 46,827 from the previous day and 43,392 from the previous month [4][12][20]. - The open interest was 411,487, a decrease of 9,629 from the previous day and 24,832 from the previous month [4][12][20]. Futures Inventory - The futures inventory was 30,940, unchanged from the previous day and a decrease of 700 from the previous month [4][12][20]. Spot Market Market Prices - The Shandong market price was 3,520, up 20 from the previous day and down 100 from the previous month [4][12][20]. - The East China market price was 3,720, unchanged from the previous day and down 10 from the previous month [4][12][20]. - The South China market price was 3,480, unchanged from the previous day and down 40 from the previous month [4][12][20]. - The North China market price was 3,650, unchanged from the previous day and down 30 from the previous month [4][12][20]. - The Northeast market price was 3,880, unchanged from the previous day and the previous month [4][12][20]. Price Differences - The price difference between Shandong and East China was -200, up 20 from the previous day and down 90 from the previous month [4][12][20]. - The price difference between Shandong and Northeast was -360, up 20 from the previous day and down 100 from the previous month [4][12][20]. - The price difference between East China and South China was 240, unchanged from the previous day and up 30 from the previous month [4][12][20]. Basis and Calendar Spread Basis - The Shandong basis was 8, down 9 from the previous day and down 151 from the previous month [4][12][20]. - The East China basis was 208, down 29 from the previous day and down 61 from the previous month [4][12][20]. - The South China basis was -32, down 29 from the previous day and down 91 from the previous month [4][12][20]. Calendar Spread - The 03 - 06 spread was 22, up 20 from the previous day and 18 from the previous month [4][12][20]. - The 06 - 09 spread was -173, down 13 from the previous day and up 6 from the previous month [4][12][20]. - The 09 - 12 spread was 113, down 7 from the previous day and down 14 from the previous month [4][12][20]. - The 12 - 03 spread was 38, unchanged from the previous day and down 10 from the previous month [4][12][20]. - The spread between the first and second contracts was 29, down 6 from the previous day and 7 from the previous month [4][12][20]. Crack Spread and Profit Crack Spread - The asphalt - Brent crack spread data was unavailable after August 15, with a value of -30 on July 25 and 28 on August 15 [4][12][20]. Profit - The asphalt - Marrow profit data was unavailable after August 15, with a value of -96 on July 25 and -42 on August 15 [4][12][20]. - The ordinary refinery comprehensive profit data was unavailable after August 15, with a value of 436 on July 25 and 511 on August 15 [4][12][20]. - The Marrow - type refinery comprehensive profit data was unavailable after August 15, with an unspecified value on July 25 and 754 on August 15 [4][12][20]. - The import profit from South Korea to East China was -126 on August 25, up 3 from the previous day [4][12][20]. - The import profit from Singapore to South China was -1,061 on August 25, up 4 from the previous day and down 26 from the previous month [4][12][20]. Related Prices - Brent crude oil was $67.7 on August 25, up $0.1 from the previous day and $1.1 from the previous month [4][12][20]. - The Shandong gasoline market price was 7,618 on August 25, down 51 from the previous day and 121 from the previous month [4][12][20]. - The Shandong diesel market price was 6,476 on August 25, down 25 from the previous day and 5 from the previous month [5][13][21]. - The Shandong residue market price was 3,635 on August 25 [5][13][21].