沥青，多头优势增强

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report - The long - position advantage of asphalt futures 2601 contract has increased, and the adjustment pressure has weakened. The expansion of net long positions and more short - to - long operations than long - to - short operations indicate that the long - position is strengthening, and it is expected that the asphalt price will stabilize and strengthen after a short - term adjustment [2][5][6] 3. Summary by Related Content - Market Performance of Asphalt Futures 2601 Contract: Yesterday, the contract showed a pattern of increasing volume, decreasing positions, weakening in shock, and a slight decline. The price center dropped slightly to below 3275 yuan/ton, with the lowest reaching 3252 yuan/ton. The closing price fell 0.21% to 3274 yuan/ton, and the positions decreased by 1242 to 196026, a decline of 0.63% [2] - Change in Positions of Top 20 Long and Short Seats: The positions of the top 20 long and short seats showed a pattern of both long and short increasing. The long positions increased by 2924 to 143435, and the short positions increased by 2848 to 141415. The net long positions expanded to 2020 [2] - Details of Long - Position Increase in Top 20 Long Seats: Among the top 20 long seats, 8 increased long positions. 3 seats increased more than 500 long positions, including Guotai Junan Futures (3168), Huayuan Futures (1487), and Dongzheng Futures (841). 2 seats increased between 100 - 500 long positions, and the remaining 3 increased less than 100 [2] - Details of Short - Position Increase in Top 20 Short Seats: Among the top 20 short seats, 11 increased short positions. 4 seats increased more than 500 short positions, including Zheshang Futures (3272), Qiankun Futures (2457), Nanhua Futures (675), and Guolian Futures (1083). 5 seats increased between 100 - 500 short positions, and the remaining 2 increased less than 100 [3] - Long - to - Short and Short - to - Long Operations: Only 1 seat (Huatai Futures) carried out long - to - short operation, while 4 seats (Guotai Junan Futures, Dongzheng Futures, Galaxy Futures, Zhongtai Futures) carried out short - to - long operations [5]