According to the Commodity Market Analysis System of SunSirs, the domestic asphalt market fluctuated and rose in October. From October 7th to 30th, the average price of asphalt producers in Shandong Province decreased from 3,879 RMB/ton to 3,796 RMB/ton, a decrease of 2.15%, and the price decreased by 15.04% year-on-year.

In terms of supply, the main production enterprises include Ke Petrochemical's stable production, Liaohe Petrochemical and Panjin Baolai's stable production, Hebei Kaiyi's increase in production, Wudi Xinyue, and Jincheng Petrochemical's resumption of asphalt production. However, Dongming Petrochemical has shifted to producing residual oil, Beihai Heyuan's stable production, and Yunnan Petrochemical's stable production, which has led to an increase in overall supply in the area. The comprehensive operating rate of the asphalt industry has increased compared to the previous month, with negative impacts on the supply side.

On the demand side, the demand for asphalt in the market is relatively stable, with varying demand in different regions. The overall demand has differentiated, and some projects in Shandong and North China have entered the rush stage, with an increase in terminal demand. However, some areas in the south are still affected by rainfall, and the overall performance is not warm or hot, mainly consuming social resources. The demand side of the asphalt market has a mixed impact.

As of the close of October 30th, the oil asphalt futures market has risen. The main asphalt contract 2401 was opened at 3,732 RMB/ton, with a maximum price of 3,756 RMB/ton and a minimum price of 3721 RMB/ton. It closed at 3,740 RMB/ton in the last trading day, an increase of 33 RMB/ton or 0.89% compared to the settlement on the previous trading day. The trading volume was 169,295 lots, the position was 261,471 lots, and the daily increase was -13,465 lots.

According to future predictions, the price difference of asphalt in various regions is relatively small, and regional resource competition is fierce. The price may remain stable, moderate, and weak. SunSirs asphalt analysts predict that the short-term domestic asphalt market situation will mainly be sorted and operated.

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