Report Summary 1. Report Industry Investment Rating - No information provided. 2. Core Viewpoints - No information provided. 3. Summary by Relevant Catalogs 3.1. Basis and Spread - The Shandong basis (+80) (Hongrun) changed from 126 on 9/30 to 6 on 10/30, with a daily change of 10 on 10/30 [3]. - The East China basis (Zhenjiang warehouse) was 66 on 9/30 and 106 on 10/30, with no daily change on 10/30 [3]. - The South China basis (Foshan warehouse) increased from 56 on 9/30 to 126 on 10/30, with a daily change of 20 on 10/30 [3]. - The 12 - 01 spread changed from 17 on 9/30 to 15 on 10/30, with a daily change of -2 on 10/30 [3]. - The 12 - 03 spread decreased from 5 on 9/30 to -6 on 10/30, with a daily change of -7 on 10/30 [3]. - The 01 - 02 spread was -5 on 9/30 and -5 on 10/30, with a daily change of -1 on 10/30 [3]. 3.2. Futures Contracts - The BU main contract (01) price dropped from 3424 on 9/30 to 3254 on 10/30, with a daily change of -20 on 10/30 [3]. - The trading volume decreased from 229,798 on 9/30 to 212,219 on 10/30, with a daily change of -21,636 (-9%) on 10/30 [3]. - The open interest decreased from 316,935 on 9/30 to 338,671 on 10/30, with a daily change of -1,392 on 10/30 [3]. - The warehouse receipts decreased from 13,040 on 9/30 to 9,120 on 10/30, with a daily change of -800 on 10/30 [3]. 3.3. Spot Market - Brent crude oil price changed from 65.4 on 9/30 to 65.0 on 10/30, with a daily change of 0.1 on 10/30 [3]. - Jingbo asphalt price decreased from 3580 on 9/30 to 3260 on 10/30, with a daily change of -20 on 10/30 [3]. - Honghai asphalt price decreased from 3470 on 9/30 to 3180 on 10/30, with a daily change of -10 on 10/30 [3]. - Zhenjiang warehouse asphalt price decreased from 3490 on 9/30 to 3360 on 10/30, with a daily change of -20 on 10/30 [3]. - Foshan warehouse asphalt price was 3480 on 9/30 and 3380 on 10/30, with no daily change on 10/30 [3]. 3.4. Profits - The asphalt - Ma Rui profit decreased from 379 on 9/30 to 247 on 10/30, with a daily change of -12 on 10/30 [3]. - The Ma Rui - type refinery comprehensive profit decreased from 838 on 9/30 to 690 on 10/30, with a daily change of -6 on 10/30 [3].