Since September, asphalt prices have been fluctuating downwards due to various factors. According to monitoring data from Shengyi Society, the ex factory price of heavy-duty asphalt # 70 in Shandong region was 3680 yuan/ton on September 1st, and as of the 18th, the ex factory price in Shandong region was 3630 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
Supply pressure still exists in the northern region, with high social inventory and weak market sentiment. Some major refineries are still facing shipment pressure, and low-priced resource transactions are relatively smooth. The capacity utilization rate of 77 domestic heavy-duty asphalt enterprises was 34.4%, a decrease of 0.5% compared to the previous period. After a small round of decline this week, the market gradually stabilized.
As the National Day holiday approaches, the short-term demand for asphalt has moderately rebounded. This week, 54 domestic asphalt manufacturers shipped a total of 455000 tons of samples, an increase of 14.6% compared to the previous week. The increase is more significant in North and East China regions, where refineries mostly execute pre contract shipments, leading to a significant increase in shipment volume, price reductions, and boosting traders’ purchasing willingness. In addition, smooth shipping and delivery have jointly promoted the increase in shipment volume.
From the perspective of Shengyi Society, the continuous rebound of international crude oil in the past two days and the demand for stocking before the National Day holiday have provided support for spot trading. It is expected that the low-level market may slightly rise, but the high price market still faces pressure to maintain stable operation.
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