The domestic asphalt market has recently experienced a strong upward trend. Driven primarily by production cuts and maintenance at refineries—which led to a sharp reduction

Price trend In May 2026, the spot market for heavy-duty road asphalt in Shandong generally exhibited a narrow, range-bound fluctuation, devoid of any sustained upward or

Over the past two days, the domestic asphalt spot market has exhibited a trend characterized by opening lower followed by a rebound, regional divergence, and

The current global bitumen market is characterized by strong cost pressures, tightening supply and weak demand. International crude oil prices are fluctuating at high levels

In April, the Shandong asphalt market followed a trajectory characterized by an initial decline followed by a subsequent rebound; towards the end of the month,

At present, uncertainty persists regarding the geopolitical situation in the Middle East, with international oil prices fluctuating widely. Structural contradictions exist in the fundamentals, whilst

In mid-April, the domestic asphalt market ended its previous one-sided upward trend and entered a phase of high-level consolidation, driven by a combination of factors

Spot Market Fundamentals: As of 2:00 p.m. on April 1, the market price for heavy-duty asphalt in Shandong stood at RMB4,420 per ton, while in

I. Total Asphalt Imports and Exports Declined; Average Price Slightly Lower Total asphalt imports in January were 37.49 tons, falling to 31.07 tons in February—a month-over-month

In February 2026, the Shandong asphalt market showed a fluctuating trend of "first decline and then rise". Affected by seasonal factors such as the Spring

With the Spring Festival holiday approaching, the asphalt market has officially entered a seasonal adjustment period. The current market trading atmosphere is increasingly sluggish, with

Price trend This week, the main asphalt futures contract surged, with the spot market following suit. The high-end price of heavy-duty asphalt in East China climbed

Recently, amid supply disruptions triggered by regional tensions, the asphalt market experienced a price surge during its traditional off-season. However, constrained by weak demand and

On December 12, the main contract for asphalt futures on the Shanghai Futures Exchange (SHFE) rose amid volatility. As of press time, it had gained

Price trend Following the New Year holiday, asphalt prices rose sharply. According to data monitored by SunSirs, the ex-factory price of heavy-duty asphalt 70# in Shandong

I. Capacity Utilization Rate and Production Forecast By 2026, China's asphalt plant capacity utilization rate is projected to decline to 39.9%, a year-on-year decrease of 2.8

Spot Market: ① Shandong Heavy-Grade Asphalt market price: ¥2,920/ton, unchanged from previous period; 7-day cumulative change: +0%. Shandong basis: -¥88/ton; 7-day cumulative change: -¥46/ton. ② East

Domestic asphalt supply will sustain growth in 2026, with demand expansion expected to remain limited. The asphalt spot market will largely maintain a relaxed supply-demand

Recently, asphalt futures have gradually stabilized after a decline. During the crude oil rebound in early December, asphalt showed weaker upward momentum compared to other