1. Asphalt is a completely competitive product, and the price is completely determined by the supply and demand side;

2. Asphalt is a completely open product, with no threshold for import and export;

3. The scale of the asphalt market is gradually growing, and spot transactions have exceeded 20 million tons;

4. Bulk purchases and sales in the asphalt spot market are mainly forward transactions, with potentially large hedging needs;

5. The world’s first asphalt futures contract;

6. As a pilot project, asphalt can test the waters for other petroleum products.