Group 1: Report Information - Report Name: "Asphalt Morning Report" [2] - Report Date: October 9, 2025 [3] - Research Team: Energy and Chemicals Team of the Research Center [3] Group 2: Futures Market Data Futures Contract Prices - The prices of BU main contract, BU10, BU11, BU12, BU01, and BU03 all showed an upward trend from September 9 to September 29. For example, the BU main contract rose from 3420 to 3466, with a weekly increase of 93 [4]. Trading Volume and Open Interest - The trading volume decreased by 83,458 on a daily basis and 15,365 on a weekly basis to 265,110 on September 29. - The open interest decreased by 24,223 on a daily basis and 83,527 on a weekly basis to 342,335 on September 29 [4]. Warehouse Receipts - The number of warehouse receipts remained unchanged at 13,930 on September 29, with a weekly decrease of 5,010 [4]. Group 3: Spot Market Data Market Prices - The market prices of asphalt in different regions showed different trends. The prices in Shandong, East China, and Northeast China decreased slightly, while the price in South China increased by 10 to 3510. The price in North China remained unchanged at 3660 [4]. Warehouse Prices - The prices of the Zhenjiang warehouse and Foshan warehouse increased, with the Zhenjiang warehouse rising by 70 to 3490 and the Foshan warehouse rising by 30 to 3480 [4]. Refinery Prices - The prices of some refineries decreased. For example, the price of Yinrun decreased by 20 to 3470, and the price of Jingbo decreased by 30 to 3580 [4]. Group 4: Basis and Calendar Spread Basis - The basis of Shandong, East China, and South China showed different trends. The Shandong basis decreased by 113 on a weekly basis to 84, the East China basis decreased by 23 on a weekly basis to 24, and the South China basis decreased by 63 on a weekly basis to 14 [4]. Calendar Spread - The calendar spreads between different contracts also changed. For example, the spread between BU10 - BU11 decreased by 8 on a weekly basis to 19, and the spread between BU10 - BU12 decreased by 13 on a weekly basis to 67 [4]. Group 5: Crack Spread and Profit Crack Spread - The asphalt - Brent crack spread decreased by 26 on a weekly basis to 92 on September 29 [4]. Profit - The asphalt - MRE profit decreased by 23 on a weekly basis to 16. The comprehensive profit of ordinary refineries increased by 8 on a weekly basis to 480, and the comprehensive profit of MRE - type refineries decreased by 4 on a weekly basis to 807 [4]. Group 6: Related Commodity Prices - The price of Brent crude oil remained unchanged at 65.5 on September 29, with a weekly increase of 0.1. The price of gasoline in Shandong decreased by 21 on a daily basis and increased by 27 on a weekly basis to 7492. The price of diesel in Shandong increased by 30 on a daily basis and 100 on a weekly basis to 3743. The price of residue oil in Shandong decreased by 28 on a daily basis and increased by 35 on a weekly basis to 6450 [4][5]