Report Overview - The report is an asphalt morning report from the Energy and Chemicals Team of the Research Center, dated September 22, 2025 [2][3] 1. Report Industry Investment Rating - No investment rating is provided in the report 2. Report's Core View - No core view is explicitly stated in the provided content 3. Summary by Relevant Catalogs Futures Market - Prices: On September 19, the BU main contract was at 3421, down 6 from the previous day and 42 for the week. Other contracts like BU06, BU09, etc., also showed various price changes [4] - Volume and Open Interest: The trading volume was 246,616, up 36,008 from the previous day but down 21,872 for the week. The open interest was 409,431, up 675 from the previous day and down 34,400 for the week [4] - Futures Inventory: The inventory was 23,240, unchanged from the previous day and down 3,250 for the week [4] Spot Market - Market Prices: The Shandong market price was 3,520, unchanged from the previous day and down 20 for the week; the East China market price was 3,590, unchanged from the previous day and down 50 for the week; and prices in other regions also had different changes [4] - Refinery Prices: For example, Jingbo (Haiyun) was at 3,620, down 10 from the previous day and 30 for the week; Xinhai (Xin Bohai) was at 3,660, unchanged from the previous day and up 10 for the week [4] Basis and Calendar Spreads - Basis: The Shandong basis was 6, up 6 from the previous day and 22 for the week; the East China basis was 169, up 6 from the previous day and down 8 for the week; and other regional bases also changed [4] - Calendar Spreads: For example, 03 - 06 was 17, down 2 from the previous day and up 15 for the week; 06 - 09 was 8, down 1 from the previous day and up 75 for the week [4] Crack Spreads and Profits - Crack Spreads: The asphalt - Brent crack spread was 18, up 26 from the previous day and down 40 for the week [4] - Profits: The asphalt - Ma Rui profit was -51, up 24 from the previous day and down 36 for the week; ordinary refinery comprehensive profit was 387, up 7 from the previous day and down 52 for the week; and other profit indicators also had different changes [4] Related Prices - Crude Oil: Brent crude oil was at 67.4, down 0.5 from the previous day and up 0.5 for the week [4] - Gasoline and Diesel: The Shandong market price of gasoline was 7,483, down 28 from the previous day and 74 for the week; the Shandong market price of diesel was 6,438, down 30 from the previous day and 40 for the week [4] - Residual Oil: The Shandong market price of residual oil was 3,660, down 40 from the previous day and up 85 for the week [4]
沥青早报-20250922
Yong An Qi Huo·2025-09-22 01:41