【沥青：关注逢回调多BU裂解机会】金十期货3月5日讯，当前原油跌跌不休叠加需求仍未迎来实质性好转，沥青期货价格承压，布伦特原油到达70美元/桶关键位置后波动或加大，与原油相关度较高的沥青预计跟随波动加大，单边策略暂不推荐。价差策略方面，沥青转产灵活度高且为供应集中度较高的行业叠加库存绝对低位，我们预计2025年国内沥青全年供小于求，平衡表预估行业有望在5月底结束累库，6月提前开启去库，供需共振与原油全年累库压力或难解下BU裂解价差上方空间有望打开，推荐择机逢回调布局多BU空SC裂解策略。
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