The main player in the asphalt market in Shandong region. According to monitoring data from Shengyi Society, the market price of heavy-duty asphalt # 70 in Shandong Province was 3440 yuan/ton on April 11th, and as of the 25th, the exit price in Shandong Province was 3560 yuan/ton, an increase of 2.12%.

There are signs of construction in terminal factories in Shandong region, with some end users stocking up and refineries shipping smoothly, while some refineries maintain limited shipments. Overall, market resources are tight, and the supply of goods from Jingbo on Friday is scarce. From a downstream perspective, the increase in demand is still acceptable, but the middle and lower reaches are still resistant to high prices.
From the perspective of Shengyi Society, Shandong’s local refineries have limited shipments, and the supply of goods in the entire North China region is relatively tight, supporting price increases. The slow release of demand in other regions has limited the upward space of asphalt prices, and we will continue to monitor the fluctuations in upstream crude oil prices.