January 5th News
On January 5th, Shandong Oriental Hualong Group adjusted the prices of its "Hualong Yitong" brand asphalt for the second time, with an increase of 120 yuan across the board.
Contract-based matrix asphalt:
Chempricehub Analysis on Asphalt, Bull-Bear Score: 1.5
Shandong Oriental Hualong Group raised asphalt prices by 120 yuan on January 5th, covering multiple varieties including matrix asphalt (70#A and 90#A) and SBS modified asphalt (National Standard C/D and High Standard C/D). This indicates tight market supply and demand, likely driven by rising raw material costs or a recovery in winter road construction demand. This price adjustment reinforces bullish sentiment in the spot market, benefiting spot prices. It is expected that spot prices will maintain an upward trend in the short term. The score of +1.5 reflects a strong positive impact, given the significant and comprehensive price increase. However, attention should be paid to the sustainability of subsequent demand.
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