After the holiday, asphalt inventory remained high and prices slightly decreased. According to data from Shengyi Society, on February 5th, the price of asphalt in Shandong Province was 3663 yuan/ton, with a narrow decrease of about 20 yuan/ton.
During the Spring Festival, international oil prices are running weakly, and OPEC+will gradually increase oil production from April 1st. On February 1st, an additional 10% tariff will be imposed on goods imported from China, raising concerns about the demand outlook for crude oil in the market.
High social inventory. According to statistics, over 100 asphalt companies in China have accumulated over 1 million tons of asphalt inventory, with four consecutive weeks of growth in January. This is mainly due to the concentration and relocation of winter storage resources, leading to the accumulation of social inventory. In addition, during the Spring Festival period, logistics transportation entered a holiday state, and short-term delivery was not smooth, resulting in the accumulation of inventory.
| http://www.thiourea.net |