沥青数据日报-20251106

Group 1: Industry Investment Rating - No information provided Group 2: Core Views - Current situation: In Shandong and North China, the asphalt futures market decline has led to a pessimistic market sentiment. Middle - and downstream enterprises follow the "buy on rising" principle, and traders keep lowering their quotes. In East China, the increasing low - price asphalt in Zhenjiang warehouses restrains refinery sales, resulting in low market trading activity. In South China, major refineries adopt an intermittent production mode, and asphalt prices remain stable with controllable inventory. Future outlook: In the north, weak demand intensifies price competition, and low - price asphalt dominates the market. In the short term, asphalt prices are likely to be weak. In the south, although major refineries maintain low operating rates, the abundant low - price supply in Zhenjiang and Foshan warehouses restricts price increases [5] Group 3: Summary by Related Content Asphalt Spot Market - In different regions, the current asphalt spot prices in East China, North China, South China, Northeast, Northwest, and Shandong are 3450, 3210, 3380, 3580, 3980, and 3170 respectively. The previous values were 3450, 3230, 3400, 3590, 3980, and 3210. The price changes are 0, - 20, - 20, - 10, 0, and - 40 respectively [1] Asphalt Futures Market - For asphalt futures contracts BU2511, BU2512, BU2601, and BU2602, the current values are 3171, 3189, 3193, and 3208 respectively. The previous values were 3225, 3233, 3233, and 3246. The price increases are - 1.67%, - 1.36%, - 1.24%, and - 1.17% respectively [1] Oil Production Policy - OPEC+ announced that eight countries will increase oil production by 137,000 barrels per day in December, considering the stable global economic outlook and low - inventory market conditions. After December, due to seasonal factors, they will suspend production increases from January to March 2026. The 1.65 million barrels per day production cut may be partially or fully restored depending on market conditions. The next meeting of the eight OPEC+ members will be on November 30, 2025 [2] International Politics and Military News - There were reports that the US planned to launch an air strike on Venezuela, but President Trump denied the news. Trump also stated that he was not "seriously considering" providing "Tomahawk" cruise missiles to Ukraine. Brazil's President Lula is willing to assist in coordinating US - Venezuela relations, and Russia and Venezuela have established a strategic partnership [1][4]