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Is asphalt futures related to crude oil?
Crude oil is the product of asphalt refining and belongs to the final refined product.

Crude oil price is positively correlated with asphalt price fluctuation, which affects asphalt production cost. Theoretically, it can be understood that with the rise of crude oil price, the price of asphalt will also rise, which is a theoretical situation. In fact, due to the price control of three barrels of oil, the impact of this cost is not particularly obvious.