May 2nd News
On May 2, Dongming's 70#A asphalt price is tentatively set at 4,410 yuan/ton, with bidding scheduled for 10:30 AM (final settlement based on actual bid results). One of its 3 million tons/year atmospheric and vacuum distillation units is under maintenance shutdown, with daily output of approximately 3,000–4,000 tons. Current shipments are normal.

Chempricehub Asphalt Analysis
Bullish-Bearish Rating: 1

• Spot market: Dongming Petrochemical's 300 million tons/year atmospheric and vacuum distillation unit is offline for maintenance, reducing daily asphalt output by 3,000–4,000 tons. The supply contraction supports spot prices. Dongming 70#A asphalt is temporarily quoted at 4,410 yuan/ton, with the final settlement price to be determined via subsequent bidding.
• Futures market: The main asphalt contract (SHFE 2606) closed at 4,424 yuan/ton on April 30, 2026, up 43 yuan/ton from the previous trading day. The supply reduction expectation provides favorable support for futures prices.