According to the monitoring data of SunSirs, from October 15 to 18, the average spot price of domestic asphalt increased from 3,648 RMB/ ton to 3,712 RMB/ ton. During the cycle, the price increased by 1.75%, 9.10% month on month and 61.22% year-on-year.

Asphalt fundamentals are relatively weak, with slight regional differences. In terms of regions, the price decline in Northeast China is the most obvious this week, mainly due to the impact of seasonality and product benefits. Production is mostly diverted to the direction of coking materials, road demand is weak, and the actual transaction price is reduced.

In the short term, on the demand side, with the cold weather in the north, the road demand will gradually weaken; In the southern market, considering the restriction of production and electricity and the high level of social library, it may have a negative impact on the price. SunSirs asphalt analysts expect that China asphalt price shock is mainly consolidation.

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