January 5th News
On January 5th, Shandong Dongfang Hualong Group's "Hualong Yitong" brand 70#A asphalt was priced at 2,930 yuan/ton, and 90#A asphalt at 3,030 yuan/ton. The modified asphalt prices were as follows: 1-D at 3,300 yuan/ton (national standard) and 1-C at 3,330 yuan/ton (national standard). Additional notes: high-grade modified asphalt prices were 1-D at 3,400 yuan/ton (high-grade) and 1-C at 3,430 yuan/ton (high-grade). Contracts are temporarily not being fulfilled.
Chempricehub Analysis of Asphalt, Bull-Bear Score: -1
The article indicates that Shandong Dongfang Hualong Group's spot asphalt prices are relatively low, with 70#A quoted at 2,930 yuan/ton and 90#A at 3,030 yuan/ton. Modified asphalt prices range between 3,300 and 3,430 yuan/ton. The note "contracts temporarily not being fulfilled" suggests weak demand or supply constraints, exerting downward pressure on spot prices. Combined with petroleum asphalt futures data (e.g., the 2602 contract closing at 3,022 yuan/ton, down 22 yuan, with reduced open interest), short-term market sentiment is bearish, and futures prices are expected to face further downward pressure.