建信期货沥青日报-20260319

Group 1: Report Information - Report title: Asphalt Daily Report [1] - Report date: March 19, 2026 [2] - Research team: Energy and Chemical Research Team [4] Group 2: Investment Rating - Not provided Group 3: Core Viewpoint - Crude oil prices and asphalt futures remain highly volatile, which continues to benefit the asphalt spot market atmosphere. The blockade of the Strait of Hormuz continues, and the scope of production cuts by Middle Eastern oil-producing countries continues to expand. Oil prices are on an upward trend, which significantly supports the cost side of asphalt. It is expected to be mainly strong [6]. Group 4: Market Review and Operation Suggestions - Market Review: The opening price of BU2606 was 4369 yuan/ton, the closing price was 4400 yuan/ton, the highest was 4509 yuan/ton, the lowest was 4337 yuan/ton, the increase was 0.11%, and the trading volume was 1.1326 million lots. The opening price of BU2609 was 4090 yuan/ton, the closing price was 4096 yuan/ton, the highest was 4202 yuan/ton, the lowest was 4054 yuan/ton, the decrease was 0.12%, and the trading volume was 0.0218 million lots [6]. - Operation Suggestions: Not provided Group 5: Industry News - Shandong Market: The mainstream intended price of 70A grade asphalt was 3960 - 4200 yuan/ton, an increase of 25 yuan/ton from the previous working day. International oil prices closed higher, and asphalt futures maintained high volatility during the session, which continued to benefit the asphalt market. Today, the high-end quotes in the market were temporarily stable, but the transactions of some low-price resources were good, and the quotes of low-price resources continued to rise, driving up the asphalt price in the Shandong market [7]. - South China Market: The mainstream intended price of 70A grade asphalt was 4200 - 4400 yuan/ton, remaining stable from the previous working day. The main refineries still limited their shipments, and the market continued to be in a state of tight resource supply. However, the high price did suppress the project start intention, resulting in poor rigid demand for asphalt. The shipment price of traders was temporarily stable today [7]. Group 6: Data Overview - Graphs: The report includes graphs of asphalt daily operating rate, Shandong asphalt comprehensive profit, South China asphalt spot price, Shandong asphalt basis, asphalt cracking, asphalt social inventory, asphalt manufacturer inventory, and asphalt warehouse receipts [10][14][18][23]