沥青早报-20250923

Group 1: Market Data Overview - The report provides data on asphalt futures contracts (BU10, BU11, BU12, BU01, BU03) from August 22 to September 22, 2025, including prices, trading volume, open interest, and inventory [4]. - It also presents spot market prices in different regions (Shandong, East China, South China, North China, Northeast China) and at various warehouses (Zhenjiang, Foshan), as well as price differentials and basis [4]. - Data on crack spreads, profits (including asphalt - Brent crack spread, asphalt - Ma Rui profit, refinery comprehensive profits, and import profits), and related oil prices (Brent crude, gasoline, and diesel in Shandong) are included [4]. Group 2: Futures Contract Price Movements - For BU10, the price decreased by 20 on September 22 compared to the previous day and increased by 33 on a weekly basis [4]. - BU11, BU12, BU01, and BU03 also showed daily and weekly price changes, with varying degrees of increase or decrease [4]. Group 3: Trading Volume and Open Interest - The trading volume of asphalt futures decreased by 3,245 on September 22 compared to the previous day and decreased by 114,402 on a weekly basis [4]. - Open interest increased by 9,303 on September 22 compared to the previous day and decreased by 16,211 on a weekly basis [4]. Group 4: Spot Market Prices - Shandong's asphalt market price decreased by 10 on September 22 compared to the previous day and decreased by 20 on a weekly basis [4]. - East China's price remained stable on September 22 but decreased by 50 on a weekly basis, while South China's price was unchanged on both a daily and weekly basis [4]. - North China's price was stable on September 22 and increased by 10 on a weekly basis, and Northeast China's price decreased by 20 on both a daily and weekly basis [4]. Group 5: Basis and Spread - The basis and spread between different regions and contracts showed various changes. For example, the Shandong - East China basis decreased by 10 on September 22 compared to the previous day and increased by 30 on a weekly basis [4]. - The basis between different contract months (e.g., 10 - 11, 10 - 12) also had daily and weekly fluctuations [4]. Group 6: Crack Spreads and Profits - The asphalt - Brent crack spread increased by 29 on September 22 compared to the previous day and increased by 23 on a weekly basis [4]. - Asphalt - Ma Rui profit increased by 27 on September 22 compared to the previous day and increased by 22 on a weekly basis [4]. - Refinery comprehensive profits (ordinary and Ma Rui - type) and import profits showed different trends, with some increasing and some remaining stable [4].