Bu251 night discs increased by 0. 96% to $3350/t. On 12 november, the spot price of asphalt varied from place to place, with shandong 3420 - 3600 yuan/tonne, north china 3350 - 3480 yuan/tonne, east china 3770 - 3870 yuan/tonne, north east 3700 - 3800 yuan/tonne, south china 3600 - 3680 yuan/tonne, east china 375 yuan/tonne. Shandong 11 contract basis 249 usd/t; 12 contract basis 239 usd/t; 01 contract basis 257 usd/t; 02 contract basis 238 usd/t; 03 contract basis 209 usd/t. Bitumen 11-12 contract difference - $10/tonne, 12-01 contract difference - $18/tonne, 01-02 contract difference - $19/tonne, 02-03 contract difference - $29/tonne, 03-04 contract difference - $1/tonne, bu versus sc 0. 8673. The warehouse receipts remain unchanged, with 22,740 tons for the asphalt warehouse and 180,000 tons for the factory warehouse, for a total of 20,2740 tons. The warehouse receipts are concentrated mainly in the kim hai hong industry, the central river, 3970 tons, and jizhou, 5760 tons; the warehouse receipts are concentrated mainly in kimbo petrochemical, 180,000 tons. The ziru petrochemical 3. 5 million tons/yearly constant pressure-relief devices were intermittently producing heavy asphalt and, on 5 november, at noon, converted slag oil, which is expected today to produce 2500 tons per day, medium of stock. On november 12th, the cylindrical petrochemicals were usually reduced. A small number of projects in shandong are needed to support demand, start-up of refineries and low stock levels; a small number of projects in the north-east are needed to support immediate demand, small-scale retrofitting in china, low asphalt production in the main refinery, demand for some of the projects catching up, increased output by traders, low levels of social stocks and potential extraction from some of the refineries; a small number of projects in the north-west and downstream are required to support short-term and low-cost refuelling in the north-east, with the main refinery being able to export and stock control and no stock preparation plan in the centre and downstream; a steady contraction of demand in the north-west, with low demand in the south-west, with limited stock consumption and no significant improvement in the markets; and the construction of projects in parts of the south-west china, with the support of refineries and traders, with a reduced volume of cargo to port, limited resources to some parts of the south-east, and low-cost reserves, with a more stable stock-to-port supply to the market. Crude oil is weak and asphalt cracks continue to be repaired passively, with no significant change from the basics at present, with rigid demand for asphalt coming to an end and current prices returning. In terms of trading strategies, unilateral operations are for oscillations; opportunities for asphalt break-ups in inter-species arbitrage are open to view; current arbitrages, such as bu2411, bu2412, bu2501, bu2502, bu2503, bu2504 continue to be held lightly, with regard to risk control; bu2411-2412, bu2412-2501, bu2501-2502, bu2502-2503, bu2503-2504 are open to view; and bu2411 - 2412, bu2412 - 2501, bu251 - 2502, bu2503 - 2504 are open to see。
