沥青数据日报-20251107

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The northern market focuses on rigid demand. After some refineries in Shandong resumed asphalt production, the market supply remained abundant. Affected by the shipment pressure, refineries continuously lowered their quotes. In the North China region, although the suspension of large - scale asphalt plants in major refineries led to a contraction in supply, the sharp decline in the futures market dragged down the market. Traders continued price - cut promotions. With the impact of low - priced resources flowing into the Northeast, the resource circulation volume in the Northeast gradually decreased, and traders' price cuts led to a lower market average price. In the South China and East China regions, affected by the National Games, project construction was restricted, demand declined compared with the previous period. Coupled with the sharp decline in the futures market and fierce competition from surrounding low - priced resources, market sentiment weakened. Sinopec's refineries lowered asphalt prices by 50 - 150 yuan/ton today. Looking ahead, asphalt supply in Shandong will increase slightly, and prices may continue to fall under the background of continuous decline in demand. The North China region maintains rigid demand, resource supply decreases, market sentiment eases slightly, and prices are likely to stabilize. The demand in the southern market is flat, transactions are mostly concentrated in a small amount of low - priced resources, and prices will be cautiously stable [4] 3. Summary According to Relevant Content 3.1 Asphalt Spot Market - In the spot market, the current prices in East China, North China, South China, Northeast, Northwest, and Shandong are 3380 yuan, 3150 yuan, 3310 yuan, 3550 yuan, 3980 yuan, and 3100 yuan respectively, with changes of - 20 yuan, - 30 yuan, - 60 yuan, 0 yuan, 0 yuan, and - 40 yuan compared with the previous values [1] 3.2 Asphalt Futures Market - In the futures market, for contracts BU2511, BU2512, BU2601, and BU2602, the current prices are 3106 yuan, 3118 yuan, 3109 yuan, and 3120 yuan respectively, with declines of - 1.37%, - 1.45%, - 1.80%, and - 2.04% compared with the previous values [1] 3.3 OPEC+ Oil Production Policy - OPEC+ eight countries' ministers decided to increase the oil production quota by 137,000 barrels per day in December. After December, due to seasonal factors, these 8 countries also decided to suspend production increases from January to March 2026. The agreement parties reiterated that the 1.65 million barrels per day production cut may be partially or fully restored depending on changing market conditions [2] 3.4 Venezuela - Related Situation - News media reported that the US planned to launch an air strike on Venezuela, but Trump publicly denied it. Trump's administration believes that a land strike lacks legal basis. A military build - up is visible, with an aircraft carrier and F - 35 fighters redeployed to the Caribbean [1][2]