Group 1 - The asphalt market is currently facing a stalemate, with prices fluctuating between 3500 to 3620 yuan/ton, and a lack of significant upward or downward movement due to high valuations and weak demand expectations [1][2] - The supply-demand balance is weakly maintained, with low inventory rates below 0.2 providing support for prices, while seasonal demand shows mild improvement [2][3] - The northern resource supply remains tight, but the southern market is experiencing lower prices, disrupting the traditional pricing dominance of northern regions [3] Group 2 - The market is characterized by strong support but weak driving forces, leading to limited operational space for asphalt trading [3] - The overall fundamentals of the asphalt market are resilient, but there are structural regional contradictions that need to be addressed [3] - The expectation for inventory accumulation in 2025 is weak, and the market is not expected to see significant accumulation in the second quarter [2]
估值偏高与基本面弱平衡并存 沥青短期或延续胶着
Qi Huo Ri Bao·2025-06-13 00:19