SunSirs: In Late May, Asphalt Supply in Shandong was Slightly Tight
June 03 2025 10:45:50
In May, the asphalt market was depressed first and then rose. According to the monitoring data of SunSirs, the ex-factory price of heavy asphalt #70 in Shandong Province was 3,647 RMB/ton on May 1, and the ex-factory price in Shandong Province was 3,627 RMB/ton as of the 30th.
During the May Day holiday, crude oil fell sharply, and the cost side was difficult to support. The market fell sharply in the first half of the month, and the asphalt market fell from a high level under market competition. And the improvement on the consumption side is insufficient, especially the increase in rainfall will limit project construction and terminal demand.
In the second half of the month, the supply of asphalt in Shandong Province was slightly tight, the demand in Shandong Province was strong, the shipment was smooth, and the manufacturer's inventory was low. The auction was raised, and the price of asphalt futures market rose, and the overall trend was obviously stronger than crude oil. As the asphalt market continues to rise, the price of mainstream brands has reached a high level. At the end of the month, the ex-factory price of Jingbo #70 trade reached 3,630 RMB/ton.
From the perspective of SunSirs, the fundamentals of asphalt currently have certain support. The demand side is expected to continue to be released in June. The cost side may fluctuate, and the supply side is slightly tight during the peak season of demand. You can pay attention to the starting price of each major manufacturer. The asphalt market may show a relatively strong operating trend in June.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
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