盘面跟随原油回调,成本端趋势不明朗
Hua Tai Qi Huo·2026-03-25 05:23
- Report Industry Investment Rating - Not provided 2. Core View of the Report - The asphalt futures market followed the decline of crude oil, and the cost - side trend was unclear. The conflict in the Middle East has not ended, and the supply - side contradiction has not been substantially alleviated. The futures market may be repeatedly disturbed by news in the short term, and both long and short positions lack a safety margin, so caution is needed [1]. - For trading strategies, it is recommended to wait and see due to the short - term sharp fluctuations in the single - side market, and there are no strategies for inter - period, cross - variety, spot - futures, and options trading [2]. 3. Summary by Related Catalogs Market Analysis - On March 24, the closing price of the main BU2606 contract of asphalt futures in the afternoon was 4401 yuan/ton, a decrease of 167 yuan/ton or 3.66% compared with the previous day's settlement price. The open interest was 240,464 lots, a decrease of 16,940 lots compared with the previous day, and the trading volume was 1,047,662 lots, an increase of 178,529 lots compared with the previous day [1]. - The spot settlement prices of heavy - traffic asphalt from Zhuochuang Information were: 4556 - 4580 yuan/ton in Northeast China, 4300 - 4400 yuan/ton in Shandong, 4500 - 4600 yuan/ton in South China, and 4570 - 4590 yuan/ton in East China. The spot prices of asphalt in Northeast, North China, Shandong, and Sichuan - Chongqing regions increased to varying degrees, while those in other regions were generally stable. The supply of asphalt spot resources in some areas was tight, which supported the market sentiment [1]. Strategy - Single - side: Short - term sharp fluctuations, it is recommended to wait and see. - Inter - period: No strategy. - Cross - variety: No strategy. - Spot - futures: No strategy. - Options: No strategy [2] Figures - There are multiple figures including those showing the spot prices of heavy - traffic asphalt in different regions (Shandong, East China, South China, North China, Southwest, Northwest), the closing prices of the asphalt futures index, main contract, and near - month contract, the monthly spread of the near - month contract, the trading volume and open interest of the asphalt futures, the weekly production of domestic asphalt, the production of independent refineries and asphalt in different regions, and the consumption and inventory of asphalt [3]