First, asphalt is a completely competitive product, and the price is completely determined by the supply and demand sides; Second, asphalt is a completely open product and there is no threshold for import and export;

Third, the scale of the asphalt market has gradually grown, and the spot transaction has exceeded 20 million tons;

Fourth, the bulk transactions in the asphalt spot market are mainly forward transactions, which have great potential demand for hedging;

5. The first asphalt futures contract in the world;

As a pilot project, asphalt can test other petroleum products.