Report Overview - Report Title: Asphalt Morning Report [2][10] - Research Team: Research Center Energy and Chemicals Team [3][11] - Report Date: December 31, 2025 [3][11] 1. Report Investment Rating - No investment rating provided in the report. 2. Core Viewpoints - No clear core viewpoints are presented in the given content; it mainly provides data on asphalt - related indicators. 3. Summary by Relevant Catalog 3.1 Basis and Spread - Basis: The Shandong basis (+80) (non - Jingbo) was - 68 on December 30, with no daily change and a weekly change of - 12; the East China basis (Zhenjiang warehouse) was - 118, with no daily change and a weekly change of - 2; the South China basis (Foshan warehouse) was - 138, with a daily change of 40 and a weekly change of 28 [4][12]. - Month - to - month spreads: The 01 - 03 spread was - 43 on December 30, with a daily change of - 8 and a weekly change of - 9; the 02 - 03 spread was - 7, with a daily change of - 3 and a weekly change of 3; the 03 - 06 spread was - 24, with a daily change of 1 and a weekly change of 4 [4][12]. 3.2 BU Main Contract (02) - Price: It was 3038 on December 30, with a daily change of 30 and a weekly change of 42 [4][12]. - Trading Volume: The trading volume on December 30 was 465,494, with a daily increase of 79,321 and a weekly increase of 170,851 [4][12]. - Open Interest: The open interest on December 30 was 440,255, with a daily decrease of 2,448 and a weekly decrease of 31,865 [4][12]. - Combination: It was 8,260 on December 30, with a daily and weekly increase of 4,080 [4][12]. 3.3 Spot Market - Brent Crude Oil: It was 61.9 on December 30, with a daily increase of 1.3 and a weekly decrease of 0.4 [4][12]. - Jingbo: The price was 2,980 on December 30, with a daily and weekly increase of 40 [4][12]. - Shandong (non - Jingbo): The price was 2,890 on December 30, with a daily and weekly increase of 30 [4][12]. - Zhenjiang Warehouse: The price was 2,920 on December 30, with a daily and weekly increase of 30 [4][12]. - Foshan Warehouse: The price was 2,900 on December 30, with a daily increase of 70 and a weekly increase of 100 [4][12]. 3.4 Profit - Asphalt - Marrow Profit: It was 385 on December 30, with a daily decrease of 42 and a weekly increase of 45 [4][12].
永安期货沥青早报-20251231
Yong An Qi Huo·2025-12-31 02:19