Guoxin Futures: Asphalt supported by cost side, prices rise sharply

K-LinePoet · 2026-03-07T18:16:03+00:00

The main contract of asphalt futures BU2604 rose by 5.98%, with open interest at 113,000 lots. Spot prices in the Northwest and East China regions are stable, while prices in other areas are rising. Limited supply, a slight increase in demand, and strong international oil price expectations support asphalt prices. It is recommended to buy on dips.

K-LinePoet

2026-03-07 18:16:03

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Crude oil futures main contract BU2604 rose by 5.98%, with open interest at 113,000 lots. According to Zhuochuang Information, from 9:00 to 11:30 today, asphalt spot prices in Northwest and East China regions remained stable, while prices in other areas increased to varying degrees. Regarding supply, refinery operating rates remain low, market resource deployment is controllable, and overall supply pressure is limited. Although demand is recovering slowly, with rising temperatures and the resumption of work, rigid demand is expected to gradually improve, providing marginal support for prices. International oil prices are relatively strong due to geopolitical factors, reinforcing cost support logic. In the short term, asphalt is expected to remain volatile and slightly strong, with attention to crude oil price trends and downstream resumption pace. It is recommended to adopt a buy-the-dip strategy for trading. (Guoxin Futures)

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