沥青早报 | | | | | | | | MIZULU POLOGIAL EVE | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 12/4 | 12/29 | 12/30 | 12/31 | 1/5 | 日度变化 | 間 | | | 山东基差(+80)(非京博) 01-03 | 48 -28 | -68 -35 | -68 -43 | -52 -57 | 17 -43 | રવ 14 | | | | 华东基差(镇江库) | 88 | -118 | -118 | -82 | -33 | 49 | | | | 华南基差(佛山库) | -2 | -178 | -138 | -122 | -63 | ਦੇਰੇ | | | 基差&月差 | | | | | | | | | | | 02-03 | -17 | -4 | -7 | -14 | - R | g | | | | 03-06 | -37 | -25 | -24 | -23 | 16 | 39 | | | | BU主力合约(02) | 2952 | 3008 | 3038 | ...

研究中心能化团队 2025/12/23 | | 指标 | 11/20 | 12/16 | 12/18 | 12/19 | 12/22 | 日度变化 | 周度变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 基差&月差 | 山东基差(+80)(非京博) | 2 | 16 | -42 | | -2915 | -2916 | -2931 | | | 华东基差(镇江库) | 42 | 86 | -25 | -9 | -2995 | -2986 | -3081 | | | 华南基差(佛山库) | 22 | 36 | -132 | -109 | -2995 | -2886 | -3031 | | | 01-03 | -42 | -25 | -29 | -27 | -30 | -3 | -5 | | | 02-03 | -27 | -22 | -17 | -15 | -12 | 3 | 10 | | | 03-06 | -31 | -44 | -20 | -24 | -23 | 7 | 21 | | 载请 | BU主力合约(02) | 3058 | ...

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - No information provided Group 3: Summary by Relevant Catalog 1. Basis and Spread - The Shandong basis (+80) (Hongrun) was 6 on 10/30, -8 on 11/25, 53 on 11/27, 44 on 11/28, 40 on 12/1, with a daily change of -4 [3] - The East China basis (Zhenjiang Warehouse) was 106 on 10/30, 22 on 11/25, 83 on 11/27, 54 on 11/28, 60 on 12/1, with a daily change of 6 [3] - The South China basis (Foshan Warehouse) was 126 on 10/30, -18 on 11/25, 33 on 11/27, -16 on 11/28, -10 on 12/1, with a daily change of 6 [3] - The 12 - 01 spread was -4 on 11/25, -22 on 11/27, -18 on 11/28, -19 on 12/1, with a daily change of -1 [3] - The 12 - 03 spread was -6 on 10/30, -19 on 11/25, -51 on 11/27, -48 on 11/28, -50 on 12/1, with a daily change of -2 [3] - The 01 - 02 spread was -5 on 10/30, 8 on 11/25, -5 on 11/27, -7 on 11/28, -7 on 12/1, with a daily change of 0 [3] 2. Futures Contracts - The BU main contract (01) was 3254 on 10/30, 3068 on 11/25, 3007 on 11/27, 2996 on 11/28, 2990 on 12/1, with a daily change of -6 [3] - The trading volume was 212219 on 10/30, 242577 on 11/25, 376428 on 11/27, 587546 on 11/28, 310076 on 12/1, with a daily change of -277470 [3] - The open interest was 338671 on 10/30, 343749 on 11/25, 414242 on 11/27, 407598 on 11/28, 421766 on 12/1, with a daily change of 14168 [3] - The warehouse receipts were 9120 on 10/30, 4690 from 11/25 to 12/1, with a daily change of 0 [3] 3. Spot Market - Brent crude oil was $65.0 on 10/30, $63.4 on 11/25, $63.1 on 11/27, $63.3 on 11/28, $63.2 on 12/1, with a daily change of -$0.1 [3] - Jingbo's spot price was 3260 on 10/30, 3000 from 11/25 to 11/28, 2970 on 12/1, with a daily change of -30 [3] - Hongrun's spot price was 3180 on 10/30, 2980 from 11/25 to 11/27, 2960 on 11/28, 2950 on 12/1, with a daily change of -10 [3] - Zhenjiang Warehouse's spot price was 3360 on 10/30, 3090 from 11/25 to 11/27, 3050 from 11/28 to 12/1, with a daily change of 0 [3] - Foshan Warehouse's spot price was 3380 on 10/30, 3050 on 11/25, 3040 on 11/27, 2980 from 11/28 to 12/1, with a daily change of 0 [3] 4. Profits - The asphalt - Ma Rui profit was 247 on 10/30, 177 on 11/25, 181 on 11/27, and 153 on 12/1, with a daily change of -3 [3] - The comprehensive profit of Ma Rui - type refineries was 690 on 10/30, 764 on 11/25, 772 on 11/27, 749 on 11/28, 738 on 12/1, with a daily change of -12 [3]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No clear core viewpoints are presented in the given content. The report mainly provides data on asphalt futures and spot markets. 3. Summary by Related Catalogs Futures Contract Prices - The prices of various asphalt futures contracts (BU主力合约, BU06, BU09, etc.) showed different degrees of change on August 6th compared to the previous day and week. For example, the BU主力合约 price was 3529, with a daily change of -15 and a weekly change of -90 [2][4]. Trading Volume and Open Interest - The trading volume on August 6th was 219,521, a decrease of 66,617 from the previous day and 107,608 from the previous week. The open interest was 455,367, a decrease of 8,506 from the previous day but an increase of 10,318 from the previous week [4]. Spot Market Prices - The low - end prices in different regional spot markets (Shandong, East China, South China, etc.) also changed. For instance, the low - end price in the Shandong market was 3,530, a daily decrease of 40 and a weekly decrease of 50 [4]. Basis and Spread - Basis values in different regions (Shandong, East China, South China) and spread values between different contract months (03 - 06, 06 - 09, etc.) had various changes. For example, the East China basis was 121, a daily decrease of 5 and a weekly increase of 70 [4]. Crack Spread and Profit - The asphalt Brent crack spread was -17 on August 6th, with a daily increase of 19 and a weekly increase of 240. The ordinary refinery comprehensive profit was 427, a daily increase of 34 and a weekly increase of 177 [4].

Report Information - Report Title: Asphalt Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: June 27, 2025 [3] Key Data Summary Futures Contracts - **Prices**: On June 26, BU主力合约 was at 3563, down 11 from the previous day and 132 from the previous week; BU06 was at 3274, down 6 and 142 respectively; BU09 was at 3563, down 11 and 132; BU12 was at 3396, down 9 from the previous week; BU03 was at 3321, unchanged from the previous day and down 113 from the previous week [4]. - **Volume and Open Interest**: The trading volume on June 26 was 319,183, down 61,984 from the previous day and 40,161 from the previous week; the open interest was 497,438, down 13,001 from the previous day and 47,627 from the previous week [4]. - **Warehouse Receipts**: The warehouse receipts were 59,010, unchanged from the previous day and up 3,850 from the previous week [4]. Spot Market - **Prices**: On June 26, the low - end prices in Shandong, East China, South China, North China, and Northeast China markets were 3580, 3650, 3610, 3760, and 3920 respectively. The daily changes were - 20, 0, 0, - 20, - 30, and the weekly changes were - 20, - 30, - 10, - 20, - 10 [4]. - **Price Spreads**: The Shandong - East China spread was - 70, down 20 from the previous day and up 10 from the previous week; the Shandong - Northeast spread was - 340, up 10 from the previous day and down 10 from the previous week; the East China - South China spread was 40, unchanged from the previous day and down 20 from the previous week [4]. Basis and Monthly Spreads - **Basis**: The Shandong basis was 17, down 9 from the previous day and up 112 from the previous week; the East China basis was 87, up 11 from the previous day and up 102 from the previous week; the South China basis was 47, up 11 from the previous day and up 122 from the previous week [4]. - **Monthly Spreads**: For example, the 03 - 06 spread was 47, up 6 from the previous day and up 29 from the previous week; the 06 - 09 spread was - 289, up 5 from the previous day and down 10 from the previous week [4]. Crack Spreads and Profits - **Crack Spreads**: The asphalt Brent crack spread was 34, down 48 from the previous day and up 572 from the previous week [4]. - **Profits**: The asphalt Marrow profit was - 38, down 43 from the previous day and up 518 from the previous week; the ordinary refinery comprehensive profit was 584, down 55 from the previous day and up 529 from the previous week [4]. Related Prices - **Crude Oil and Refined Products**: On June 26, Brent crude oil was at 67.7, up 0.5 from the previous day and down 11.2 from the previous week; the Shandong market price of gasoline was 7926, down 71 from the previous day and 15 from the previous week; the Shandong market price of diesel was 6918, down 45 from the previous day and up 66 from the previous week; the Shandong market price of residue oil was 3725, down 75 from the previous day and 75 from the previous week [4].

s 疯皮期货 沥青早报 研究中心能化团队 2025/6/20 | | 指标 | 5/21 | 6/11 | 6/17 | 6/18 | 6/19 | 日度变化 | 周度変化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | BU主力合约 | 3519 | 3461 | 3644 | 3695 | 3738 | 43 | 277 | | | BU06 | 3537 | 3530 | 3381 | 3416 | 3448 | 32 | -82 | | | BU09 | 3475 | 3461 | 3644 | રે કે રહ્યું હતું કે જે તે તે પ્રાપ્ય થયેલી છે. આ ગામના લોકોનો મુખ્ય વ્યવસાય ખેતી, ખેતમજૂરી તેમ જ પશુપા | 3738 | 43 | 277 | | 行 | BU12 | 3290 | 3299 | 3482 | 3527 | 3577 | 50 | 278 | | | BU03 | 3249 | 3251 | 3379 | 3434 ...