建信期货沥青日报-20260204

Group 1: Report Overview - Report Type: Asphalt Daily Report [1] - Date: February 4, 2026 [2] - Research Team: Energy and Chemical Research Team [4] Group 2: Market Review and Operation Suggestions - Market Review - BU2603: Opened at 3327 yuan/ton, closed at 3309 yuan/ton, with a high of 3331 yuan/ton, a low of 3283 yuan/ton, a decline of 1.7%, and a trading volume of 167,400 lots [6] - BU2604: Opened at 3292 yuan/ton, closed at 3304 yuan/ton, with a high of 3330 yuan/ton, a low of 3271 yuan/ton, a decline of 1.52%, and a trading volume of 36,900 lots [6] - Spot Market: Prices in Northeast and East China rose, while those in Shandong and South China fell slightly, and prices in other regions remained stable [6] - Operation Suggestions - The asphalt market continues to have a weak supply - demand pattern. There is an expectation of tightened raw material supply and possible price increases after the Spring Festival, but the demand is seasonally weak [6] - Due to the large increase in asphalt futures stimulated by the Middle East situation, it is recommended to be cautious about chasing up. Consider taking long positions at low basis levels [6] Group 3: Regional Market Conditions - Shandong Market - The mainstream transaction price of 70A grade asphalt is 3210 - 3270 yuan/ton, a decrease of 35 yuan/ton from the previous working day [9] - International oil prices and asphalt futures were weak and volatile. Spot market demand was basically over, and the transaction was weak [9] - South China Market - The mainstream transaction price of 70A grade asphalt is 3280 - 3320 yuan/ton, a decrease of 10 yuan/ton from the previous working day [9] - Some Guangshi petrochemical's road - transport resources were available for sale, and low - price contracts from futures - spot merchants continued to be sold. Terminal demand declined, and market trading was light [9]