永安期货沥青早报-20250922

Report Information - Report Name: Bitumen Morning Report [2][11][20] - Report Date: September 22, 2025 [3][12][21] - Report Team: Research Center Energy and Chemicals Team [3][12][21] Key Points Futures Market - Contract Prices: The BU main contract price decreased by 6 to 3421 on September 19, with a weekly decrease of 42. Other contracts like BU06, BU09, BU12, and BU03 also showed varying degrees of decline [4][13][22]. - Trading Volume and Open Interest: The trading volume increased by 36008 to 246616 on September 19, but decreased by 21872 compared to the previous week. The open interest increased by 675 to 409431 on September 19, with a weekly decrease of 34400 [4][13][22]. - Inventory: The inventory remained unchanged at 23240 on September 19, with a weekly decrease of 3250 [4][13][22]. Spot Market - Market Prices: The Shandong market price remained at 3520 on September 19, with a weekly decrease of 20. The East China market price remained at 3590, with a weekly decrease of 50. The South China market price remained at 3490, with a weekly decrease of 10. The North China market price remained at 3660, with a weekly increase of 10. The Northeast market price remained at 3850, unchanged from the previous week [4][13][22]. - Enterprise Prices: The Jingbo (Haiyun) price decreased by 10 to 3620 on September 19, with a weekly decrease of 30. The Xinhai (Xin Bohai) price remained at 3660, with a weekly increase of 10 [4][13][22]. Basis and Spread - Basis: The Shandong basis increased by 6 to 93 on September 19, with a weekly increase of 22. The East China basis increased by 6 to 169, with a weekly decrease of 8. The South China basis increased by 6 to 63, with a weekly increase of 32 [4][13][22]. - Spread: The 03 - 06 spread decreased by 2 to 17 on September 19, with a weekly increase of 15. The 06 - 09 spread decreased by 1 to 8, with a weekly increase of 75. The 09 - 12 spread increased by 6 to -33, with a weekly decrease of 70. The 12 - 03 spread decreased by 3 to 8, with a weekly decrease of 20 [4][13][22]. Crack Spread and Profit - Crack Spread: The bitumen Brent crack spread increased by 26 to 18 on September 19, with a weekly decrease of 40 [4][13][22]. - Profit: The bitumen MRE profit increased by 24 to -51 on September 19, with a weekly decrease of 36. The general refinery comprehensive profit increased by 7 to 387, with a weekly decrease of 52. The MRE - type refinery comprehensive profit increased by 13 to 725, with a weekly decrease of 45. The import profit (South Korea - East China) remained unchanged at -141, with a weekly decrease of 41. The import profit (Singapore - South China) remained unchanged at -944, with a weekly decrease of 5 [4][13][22]. Related Prices - Crude Oil: The Brent crude oil price decreased by 0.5 to 67.4 on September 19, with a weekly increase of 0.5 [4][13][22]. - Gasoline and Diesel: The Shandong market price of gasoline decreased by 28 to 7483 on September 19, with a weekly decrease of 74. The Shandong market price of diesel decreased by 40 to 6438, with a weekly decrease of 82 [4][13][22]. - Residue Oil: The Shandong market price of residue oil remained at 3660 on September 19, with a weekly decrease of 40 [4][13][22].