In August, the price of asphalt in Shandong Province dropped significantly. From a national perspective, the decline was more pronounced in North China, and the decline intensified in the second half of the month. According to the analysis system of Business Society, the price in Shandong Province was 3633 yuan/ton on August 1st, and dropped to 3520 yuan/ton on August 31st, a decrease of 3.09%.
| Gamma-PGA (gamma polyglutamic acid) |
In August, crude oil rose and fell, but in the second half of the month, after a period of continuous decline, the decline in crude oil was significant, which had a significant impact on the entire futures market. However, from a cost perspective, it was bearish, and refinery production profits had recovered, leading to an increase in production enthusiasm and a significant increase in supply, which had a negative impact on the market.
During the rainy season, some areas experience significant rainfall, which hinders the demand for essential goods. Traders and deadline traders mainly offer low-priced shipments.
September is the traditional peak season, and on the demand side, there has been a decrease in precipitation in the northern regions of South China. Some terminal projects are rushing to complete, and there may be a significant improvement in demand. From the supply side, production continues to decline, significantly lower than the average level of previous years, and the main refinery supply has decreased.
From the perspective of Shengyi Society, with the arrival of the Golden September Silver Stone, the weather is improving and favorable for construction, and the supply-demand contradiction is significantly alleviated, which provides some support for the spot market price. It is expected that the price of asphalt may rise in the later period, and may be adjusted in the short term according to fluctuations in oil prices.
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