Market news and important data
1. May 16 asphalt The closing price of the futures in the afternoon: the closing price of the main BU2409 contract in the afternoon was 3656 yuan/ton, 1 yuan/ton higher than the settlement price yesterday, or 0.02% higher; There were 214059 open positions, an increase of 8790 on a month on month basis, 159597 closed, and 38592 closed on a month on month basis.
2. Spot settlement price of asphalt delivered by Zhuochuang Information: 3906-4156 yuan/ton in Northeast China; Shandong, 3600-3700 yuan/ton; South China, 3670-3780 yuan/ton; East China, 3650-3820 yuan/ton.
3. CFR RMB dutiable price of imported heavy asphalt from Zhuochuang Information: South China, 4290-4620 yuan/ton; East China, 3920-4090 yuan/ton; In the north, 3920-4090 yuan/ton.
4. ESG: As of the week of May 15, Singapore's fuel inventory fell by 1.638 million barrels to a two-week low of 19.115 million barrels.
5. The CEO of Gazprom met with the Chairman of the Board of Directors and the Minister of Oil of Iran National Petroleum Corporation in Iran.
Core viewpoints
■ Market analysis Recent asphalt cost end crude oil Lack of obvious driving force, the market sentiment is cautious, and the overall narrow fluctuation is maintained, with limited impact on the cost side. As far as domestic asphalt is concerned, spot prices in North China and Shandong fell yesterday, while spot prices in other regions temporarily focused on maintaining stability. As far as the asphalt fundamentals are concerned, the pattern of weak supply and demand continues, the market drive is limited, the atmosphere of spot transactions is general, the support at the overlapping cost end is weak, and short-term suggestions are mainly wait-and-see.
■ The strategy is unilateral neutral and wait-and-see oriented;
■ Risk None
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