建信期货沥青日报-20260310

Group 1: Report Information - Report Name: "Asphalt Daily" [1] - Date: March 10, 2026 [2] - Research Team: Energy and Chemical Research Team [4] - Researchers: Li Jie, Ren Junchi, Peng Jinglin, Liu Youran, Feng Zeren [4] Group 2: Market Review and Operation Suggestions - Market Review: - Contract BU2604 opened at 3,550 yuan/ton, closed at 4,075 yuan/ton, with a high of 4,075 yuan/ton, a low of 3,870 yuan/ton, a price increase of 8.99%, and a trading volume of 1.9 million lots. - Contract BU2606 opened at 3,853 yuan/ton, closed at 4,054 yuan/ton, with a high of 4,054 yuan/ton, a low of 3,831 yuan/ton, a price increase of 8.98%, and a trading volume of 1.5 million lots [6]. - Spot Market: Domestic asphalt spot prices in all regions rose across the board. The continuous rise in crude oil prices and the daily limit of asphalt futures during trading provided strong support for the atmosphere of the asphalt spot market [6]. - Market Analysis: The continuous blockade of the Strait of Hormuz and the successive production cuts by Chinese oil - producing countries, combined with the amplification of market panic, led to price fluctuations. Although asphalt demand did not improve significantly, it was mainly supported by tightened raw materials. It is expected to operate strongly in the short term [6]. Group 3: Industry News - Shandong Market: The mainstream intended price of 70A - grade asphalt was 4,000 - 4,150 yuan/ton, an increase of 550 yuan/ton from the previous working day. The continuous rise in international oil prices and the daily limit of asphalt futures were beneficial to asphalt spot prices from the cost side and market sentiment. From last weekend to today, the quotations of local refineries and traders continued to rise, driving up the market price, and there was still some rigid demand for transactions [7]. - East China Market: The mainstream transaction price of 70A - grade asphalt was 3,610 - 3,700 yuan/ton, an increase of 145 yuan/ton from the previous working day. The significant increase in international oil prices and the daily limit of asphalt futures continued to be beneficial to asphalt spot prices from the cost side and market sentiment. The prices of refineries and traders rose, and the mainstream price of asphalt in the East China market increased [7]. Group 4: Data Overview - Data Sources: Wind, Research and Development Department of CCB Futures [9][12][15] - Data Charts: Include charts on asphalt cracking, social inventory, daily operating rate, comprehensive profit in Shandong, spot price in South China, basis in Shandong, manufacturer inventory, and warehouse receipts [12][13][18][21]