The asphalt market in Shandong started to rise and then fell. According to monitoring data from Shengyi Society, the ex factory price of Jingbo Heavy Duty Asphalt # 70 in Shandong Province was 3675 yuan/ton on June 23, and the ex factory price in Shandong Province was 3670 yuan/ton on June 27. The mid week market price rose to 3760 yuan/ton.

The international geopolitical situation had a significant impact during the week, with crude oil fluctuating rapidly. The cost of asphalt market was greatly affected, and the asphalt market also followed the fluctuations of crude oil. In terms of demand, compared to the same period in previous years, prices are at a low level, and overall demand is slightly flat. The purchasing enthusiasm of middle and downstream users is average. With the arrival of the southern rainy season, the market is facing seasonal downward pressure.
From the perspective of Business Society, the international situation is unstable, and we will continue to pay attention to the impact of changes in crude oil costs on the asphalt market.