沥青早报-20250917

1. Report Information - Report Title: Asphalt Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: September 16, 2025 [3] 2. Core Data Futures Data - Futures Contracts: The closing price of the BU main contract on September 15 was 3393, up 25 from the previous day and down 44 week - on - week. Other contracts (BU06, BU09, BU12, BU03) also showed different price changes [4]. - Trading Volume: The trading volume on September 15 was 287,556, down 70,217 from the previous day and down 112,818 week - on - week [4]. - Open Interest: The open interest on September 15 was 415,168, down 19,777 from the previous day and down 33,884 week - on - week [4]. - Futures Inventory: The futures inventory on September 15 was 25,590, down 700 from the previous day and down 1300 week - on - week [4]. Spot Data - Market Prices: The spot prices of asphalt in different regions (Shandong, East China, South China, North China, Northeast China) showed different trends. For example, the Shandong market price was 3520 on September 15, down 10 from the previous day and down 10 week - on - week [4]. - Price Spreads: The price spreads between different regions (Shandong - East China, Shandong - Northeast, East China - South China) also changed. For example, the Shandong - East China spread was - 120 on September 15, down 10 from the previous day and up 50 week - on - week [4]. Basis and Calendar Spread - Basis: The basis of different regions (Shandong, East China, South China) showed different changes. For example, the Shandong basis was 127 on September 15, down 35 from the previous day and up 34 week - on - week [4]. - Calendar Spread: The calendar spreads between different contract months (03 - 06, 06 - 09, 09 - 12, 12 - 03) also changed. For example, the 06 - 09 spread was - 42 on September 15, up 68 from the previous day and up 87 week - on - week [4]. Crack Spread and Profit - Crack Spread: The asphalt Brent crack spread was 38 on September 15, down 41 from the previous day and down 78 week - on - week [4]. - Profits: The profits of different types of refineries (asphalt Marrow profit, ordinary refinery comprehensive profit, Marrow - type refinery comprehensive profit) and import profits (South Korea - East China, Singapore - South China) all showed different degrees of change [4]. Related Prices - Brent Crude Oil: The price of Brent crude oil on September 15 was 67.0, up 0.6 from the previous day and up 1.0 week - on - week [4]. - Other Related Products: The prices of gasoline, diesel, and residue oil in the Shandong market also had different trends [4].