s 加安期货 沥青早报 | | | | | | | | FUARI ABRIAL AND | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 1/26 | | 2/11 | 2/12 | 2/13 | 2/24 | 日度变化 | 팀 | | 基差&月差 | 山东基差(+80)(非京博) | -79 | | -93 | -63 | 0 | 32 | 32 | | | | 华东基差(镇江库) | -79 | | -43 | -13 | 50 | -18 | -68 | | | | 华南基差(佛山库) | -49 | | -93 | -63 | 0 | -68 | -68 | | | | 03-06 | -7 | | -12 | -21 | -24 | -38 | -14 | | | | 04-06 | -7 | | 3 | -5 | -8 | -24 | -16 | | | | 06-09 | 22 | | 31 | 26 | 30 | 30 | 0 | | | | BU主力合约 | 3279 | | 3373 ...

s 加安期货 10/1 11/1 9/1 -100 - -300 沥青早报 | | | | | | | | MIND L'O HOLOGIA EVEV | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 1/23 | 2/9 | 2/10 | 2/11 | 2/12 | 日度变化 | 間 | | | 山东基差(+80)(非京博) 华东基差(镇江库) | -56 -56 | -54 -4 | -63 -13 | -93 -43 | -63 -13 | 30 30 | | | | 华南基差(佛山库) | -56 | -54 | -63 | -93 | -63 | 30 | | | 基差&月差 | 03-06 | -7 | -6 | -8 | -12 | -21 | -9 | | | | 04-06 | -4 | 7 | -1 | 3 | -5 | -8 | | | | 06-09 | 23 | 32 | 31 | 31 | 26 | -5 | | | | BU主力合约 | 3236 | 3334 | 3343 | 3373 | ...

Group 1 - The stock price of GIGM.US experienced a fluctuation range of 4.55% from February 9 to February 13, 2026, with a peak price of $1.59 on February 10 and a low of $1.52 on February 9, resulting in a net change of 0.00% [1] - The trading volume during this period was approximately $65,600, indicating low trading activity and liquidity [1] - On February 13, the latest closing price was $1.54, reflecting a single-day decline of 2.53%, while the Nasdaq index fell by 2.25% and the digital entertainment sector saw a slight increase of 0.06%, suggesting relatively stable individual stock performance but weak liquidity [1]

Core Insights - The Chinese futures market experienced significant growth in January, with a total trading volume of 912,489,781 contracts and a trading value of 1,002,595.82 billion yuan, representing year-on-year increases of 65.09% and 105.14% respectively [1] Group 1: Trading Volume and Value - The Shanghai Futures Exchange accounted for 33.72% of the national trading volume and 51.82% of the trading value in January, with volumes of 307,665,935 contracts and a value of 519,593.83 billion yuan, showing year-on-year growth of 102.4% and 278.92% [2] - The Zhengzhou Commodity Exchange had a trading volume of 287,789,160 contracts and a trading value of 77,466.91 billion yuan, representing 31.54% and 7.73% of the national market, with year-on-year increases of 53.56% and 14.73% [2] - The Dalian Commodity Exchange reported a trading volume of 234,351,202 contracts and a trading value of 87,609.98 billion yuan, accounting for 25.68% and 8.74% of the national market, with year-on-year growth of 43.61% and 35.32% [3] Group 2: Open Interest - The Shanghai Futures Exchange had an open interest of 11,676,698 contracts at the end of January, reflecting a month-on-month increase of 10.46% [2] - The Zhengzhou Commodity Exchange's open interest reached 16,764,263 contracts, up 18.64% from the previous month [2] - The Dalian Commodity Exchange reported an open interest of 18,493,473 contracts, which is a 17.56% increase from the previous month [3] Group 3: Financial Futures - The China Financial Futures Exchange recorded a trading volume of 30,053,053 contracts and a trading value of 263,523.65 billion yuan, representing 3.29% and 26.28% of the national market, with year-on-year growth of 31.3% and 42.02% [3] - The trading volume of financial futures options was 3,005.31 million contracts, accounting for 3.29% of the national market, with a trading value of 26.35 trillion yuan, representing 26.28% of the national market [1]

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints - No relevant content Group 3: Summary by Directory 1. Basis and Spread - The Shandong basis (+80) (non-Jingbo) changed from -4 on 1/6 to -31 on 2/4, with a daily change of -12 [3] - The East China basis (Zhenjiang warehouse) changed from 6 on 1/6 to -11 on 2/4, with a daily change of -2 [3] - The South China basis (Foshan warehouse) changed from -14 on 1/6 to -61 on 2/4, with a daily change of -2 [3] - The 03 - 06 spread changed from 10 on 1/6 to 2 on 2/4, with a daily change of -3 [3] - The 04 - 06 spread was 8 on 2/4, with no daily change [3] - The 06 - 09 spread changed from 15 on 1/6 to 23 on 2/4, with a daily change of 4 [3] 2. Futures Contracts - The BU main contract price was 3361 on 2/4, with a daily increase of 52 [3] - The trading volume was 282,920 on 2/4, a decrease of 20,689 (-33%) compared to the previous day [3] - The open interest was 387,150 on 2/4, a decrease of 6% compared to the previous day [3] - The combined volume was 13,580 on 2/4, with no change [3] 3. Spot Market - Brent crude oil price was 67.0 on 2/4, with a daily increase of 0.8 [3] - Jingbo's asphalt price was 3260 on 2/4, with no change [3] - The non-Jingbo Shandong asphalt price was 3250 on 2/4, an increase of 40 [3] - The Zhenjiang warehouse asphalt price was 3350 on 2/4, an increase of 50 [3] - The Foshan warehouse asphalt price was 3300 on 2/4, an increase of 50 [3] 4. Profit - The asphalt - Ma Rui profit was 405 on 2/4, a decrease of 35 compared to the previous day [3]

Group 1: Report Information - Report Name: Asphalt Morning Report [2] - Report Date: February 4, 2026 [4] - Research Team: Research Center Energy and Chemicals Team [4] Group 2: Industry Investment Rating - No information provided Group 3: Core Views - No information provided Group 4: Basis and Spread - Shandong basis (+80) (non-Jingbo) changed from -52 on 12/31 to -19 on 2/3, with a daily change of -40 [3] - East China basis (Zhenjiang warehouse) changed from -82 on 12/31 to -9 on 2/3, with a daily change of -10 [3] - South China basis (Foshan warehouse) changed from -122 on 12/31 to -29 on 2/3, with a daily change of -50 [3] - 03 - 06 spread changed from -23 on 12/31 to 5 on 2/3, with a daily change of -10 [3] - 04 - 06 spread changed from -20 on 12/31 to 8 on 2/3, with a daily change of 8 [3] - 06 - 09 spread changed from 5 on 12/31 to 19 on 2/3, with a daily change of -6 [3] Group 5: Futures Contracts - BU main contract price was 3022 on 12/31 and 3309 on 2/3, with a daily change of 10 [3] - Trading volume decreased from 311,277 on 12/31 to 303,609 on 2/3, a daily decrease of 242,358 [3] - Open interest decreased from 426,006 on 12/31 to 381,498 on 2/3, a daily decrease of 16,182 [3] - Aggregate contracts remained at 13,580 from 1/28 to 2/3 [3] Group 6: Spot Prices - Brent crude price was 66.5 on 1/28 and 66.1 on 2/3, a daily decrease of 4.6 [3] - Jingbo spot price was 2980 on 12/31 and 3260 on 2/3, a daily decrease of 20 [3] - Shandong (non-Jingbo) spot price was 2890 on 12/31 and 3210 on 2/3, a daily decrease of 30 [3] - Zhenjiang warehouse spot price remained at 3300 from 2/2 to 2/3 [3] - Foshan warehouse spot price was 2900 on 12/31 and 3250 on 2/3, a daily decrease of 40 [3] Group 7: Profits - Asphalt Ma Rui profit was N/A on 12/31 and 440 on 2/3, a daily increase of 199 [3]

Group 1 - The core viewpoint of the article highlights a significant increase in credit bond issuance in the primary market, with a total of 332 bonds issued, amounting to 312.27 billion yuan, representing a 306.00% increase compared to the previous period [4][5] - In terms of issuance scale, industrial bonds accounted for 135.37 billion yuan, a 295.92% increase, while urban investment bonds reached 138.91 billion yuan, a 409.86% increase, together making up 43.35% and 44.48% of the total issuance respectively [4][5] - The average issuance term for credit bonds was 2.73 years, with industrial bonds averaging 1.88 years and urban investment bonds averaging 3.24 years [4] Group 2 - The average coupon rate for credit bonds was 2.22%, with industrial bonds at 2.06%, urban investment bonds at 2.32%, and financial bonds at 1.71% [5] - In the secondary market, credit spreads varied by industry, with the largest increase in AAA-rated food and beverage sector by 2.1 basis points, while the largest decrease was in the communication sector by 8.3 basis points [6] - The total trading volume of credit bonds reached 1,403.85 billion yuan, a 121.26% increase, with commercial bank bonds, corporate bonds, and medium-term notes being the top three in trading volume [7]

Group 1 - The A-share market saw a significant surge with the Shanghai Composite Index breaking the 4100-point mark, indicating a strong market momentum [3] - The trading volume exceeded 3.1 trillion yuan, which is a critical threshold that may attract more follow-up capital into the market [3] - Financing balances have rapidly increased, with some brokerage firms reporting that their margin trading quotas have been fully utilized, indicating strong demand for leveraged investments [3] Group 2 - A substantial amount of capital, approximately 30 trillion yuan, is expected to be "unlocked" in 2026 as funds currently held in fixed deposits mature, which could lead to increased investments in the stock market [3] - The potential inflow of funds into the A-share market is likely to rise, as the stock market currently outperforms other asset classes [3] - The adjustment of export tax rebates for solar and battery sectors may impact the grid sector, although specific effects are yet to be fully assessed [5]

朋友們大家好，大家早上中午晚上好 這裡是提阿非羅 現在是美國西部時間 2026年的1月8日 同時也是東八區時間 2026年的1月9日好吧 我們快速來到盤面分析比特幣 這個是比特幣的日線級別 我們可以看到日線來說 它是把前面的高點來了一個假突破 然後又重新跌了回來 我個人是認為這一帶依然可能會有支撐 尤其是從小級別來說 它是先往上面有一個假突破 然後有個回抽 那麼先是回抽 而不是先再假突破一次的話 我就會認為它有可能回抽了之後 會跌下來 測試黃線這一帶 黃線這一帶實際上是我昨天畫在這邊的 目前我們可以看到它並沒有跌破 昨天的行情更新中也有明確的提醒大家 如果說日線級別有一根收線收在這個下面了 那毫無疑問是一個頹勢 而且可能會順暢的把前面的低點跌掉 但是我們目前可以看到這個日線級別來說 好像還算是可以對不對 你可以看到下影線還是比較的長 如果說今天最後收成這個樣子 甚至下面的成交量再多那麼一點點的話 我個人是覺得 好像日線級別走的 算是比較的樂觀 因為它一度嘗試跌下來並沒有成功 而且成交量表明仍然這一帶有人會買 我會覺得那還算是不錯 日線看完我們來看一小時級別 從一小時級別來說 我們發現這邊其實有一個空頭的陷阱 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View No clear core view is presented in the given content. It mainly provides data on asphalt - related indicators such as basis, spreads, contract prices, trading volumes, and profits. 3. Summary by Relevant Catalogs 3.1 Basis and Spread - **Basis**: The basis values for different regions (Shandong, East China, South China) and their changes from 12/5 to 1/6 are presented. For example, the Shandong basis (+80) (non - Jingbo) was 42 on 12/5 and - 4 on 1/6, with a daily change of - 21 on 1/6 [2]. - **Spread**: Spreads between different contract months (01 - 03, 02 - 03, 03 - 06) are shown. For instance, the 01 - 03 spread was - 25 on 12/5 and - 51 on 1/6, with a daily change of - 8 on 1/6 [2]. 3.2 Futures Contracts - **BU Main Contract (02)**: The price of the BU main contract (02) was 2948 on 12/5 and 3144 on 1/6, with a daily increase of 11 on 1/6. The trading volume on 1/6 was 505629, a decrease of 182313 from the previous day, and the open interest was 466983, an increase of 2031 [2]. - **Combined Contracts**: The combined contract quantity increased from 4690 on 12/5 to 11260 on 1/6, with an increase of 3000 [2]. 3.3 Spot Market - **Crude Oil**: The price of Brent crude oil was 63.8 on 12/5 and 61.8 on 1/6, with an increase of 1.0 on 1/6 [2]. - **Asphalt Spot**: Spot prices for different regions (Jingbo, Shandong non - Jingbo, Zhenjiang, Foshan) are given. For example, the price of Shandong (non - Jingbo) asphalt was 2910 on 12/5 and 3060 on 1/6, with a decrease of 10 on 1/6 [2]. 3.4 Profit - **Asphalt - Marey Profit**: The asphalt - Marey profit was 131 on 12/5 and 468 on 1/6, with a decrease of 48 on 1/6 [2]. 3.5 Weekly Changes - Weekly changes in various indicators are provided, such as a 64 change in an unnamed indicator, 124 changes in some other indicators, and - 8 change in the 01 - 03 spread [6].