沥青早报-20260320

Group 1: Report Information - Report Name: Asphalt Morning Report [2] - Report Date: March 20, 2026 [5] - Research Team: Research Center Energy and Chemicals Team [5] Group 2: Industry Investment Rating - Not provided Group 3: Core View - Not provided Group 4: Summary by Directory 1. Basis and Spread - On March 19, the basis in Shandong (non-Jingbo, +80) was -195, with a daily change of 45; the basis in East China (Zhenjiang Warehouse) was -75, with a daily change of -75; the basis in South China (Foshan Warehouse) was -75, with a daily change of 25 [3]. - The 04 - 05 spread was -1, with a daily change of -5; the 04 - 06 spread was 10, with a daily change of -6; the 06 - 09 spread was 308, with a daily change of 4 [3]. 2. Futures Contract Information - The price of the BU main contract on March 19 was 4625, with a daily change of 225. The trading volume was 1,452,703, with a daily change of 75,165, and the open interest was 400,963, with a daily change of -5,718. The warehouse receipts remained at 36,100 [3]. 3. Crude Oil and Asphalt Prices - The price of Brent crude oil on March 19 was 109.5, with a daily change of 5.8. The price of Jingbo asphalt was 4200, with a daily change of 100; the price of Shandong (non-Jingbo) asphalt was 4350, with a daily change of 270; the price of Zhenjiang Warehouse asphalt was 4550, with a daily change of 150; the price of Foshan Warehouse asphalt was 4550, with a daily change of 250 [3]. 4. Asphalt Profit - The asphalt - Marey crude oil profit on March 19 was -668, with a daily change of -174 [3].