Demand improves, domestic asphalt market stops falling and rises

Asphalt futures rose more than 2% in the evening session, as the rebound of asphalt was limited due to insufficient cost support. In terms of supply, the total domestic asphalt production in September was 2.0025 million tons, a decrease of 58000 tons or 2.81% compared to the previous month; A year-on-year decrease of 1.1422 million tons, a decrease of 36.32%. The demand for asphalt is showing a marginal improvement trend, and the shipping atmosphere is still acceptable. In the short term, the national climate conditions are suitable, which is favorable for road project construction. In addition, there will also be a rush to work in the north, and the demand for asphalt is still good. In November, the demand in the north may decline. Expected short-term supply and demand impact, asphalt is expected to fluctuate narrowly.

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