沥青早报-20251014

Group 1: Report Overview - Report Name: Asphalt Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: October 14, 2025 [3] Group 2: Price and Volume Data Futures Contracts - Price Changes: From September 12 to October 13, most BU futures contracts showed a downward trend. For example, BU01 decreased from 3313 to 3181, a drop of 67 points week - on - week and 215 points month - on - month [4]. - Volume and Open Interest: The trading volume on October 13 was 341102, an increase of 17781 from the previous day and a decrease of 7466 from the previous week. The open interest was 341209, an increase of 18615 from the previous day and a decrease of 25349 from the previous week [4]. Spot Market - Market Prices: Market prices in different regions generally declined. For instance, the Shandong market price dropped from 3530 to 3480, a decrease of 10 points day - on - day and 20 points week - on - week [4]. - Price Differences: The price differences between regions also changed. For example, the Shandong - Northeast price difference increased from - 320 to - 270 [4]. Basis and Monthly Spread - Basis: The basis of different regions showed various changes. The Shandong basis (+80) increased from 100 to 178, an increase of 78 points week - on - week [4]. - Monthly Spread: The monthly spreads such as 10 - 11, 10 - 12, etc., all showed significant increases. For example, the 10 - 12 spread increased from 57 to 248, an increase of 191 points week - on - week [4]. Crack Spread and Profit - Crack Spread and Profits: The asphalt Brent crack spread and various refinery profits showed different trends. The ordinary refinery comprehensive profit increased from 447 to 541, an increase of 92 points week - on - week [4]. - Import Profits: Import profits from South Korea to East China and from Singapore to South China both decreased. The import profit from South Korea to East China decreased from - 102 to - 247, a decrease of 70 points week - on - week [4]. Other Related Prices - Crude Oil and Product Prices: Brent crude oil decreased from 66.4 to 62.7, a decrease of 2.7 points week - on - week. The Shandong market price of gasoline decreased from 7533 to 7390, a decrease of 123 points week - on - week [4]. Group 3: Other Information - Data Sources: The data in the report is sourced from Mysteel, Cloud Asphalt, and Wind [8]