Core Viewpoint - The asphalt prices have significantly declined due to multiple factors including the continuous drop in crude oil prices, increased operating rates of asphalt plants, and weak demand recovery [1] Group 1: Price Trends - Since August, the main asphalt futures contract BU2510 has fallen over 200 points from its monthly high as of August 20 [1] - The average spot price in Shandong has decreased by 195 yuan/ton [1] Group 2: Production and Profitability - The theoretical production profit for local refineries in Shandong producing asphalt from crude oil remains high at 165.04 yuan/ton [1] - Despite the high production profit, there is insufficient support from the cost side, indicating potential for further price declines [1] Group 3: Demand and Market Outlook - The characteristics of a demand peak season are not yet evident, suggesting that spot prices may still have downward potential [1]
沥青：8月来沥青价格跌幅明显 理论生产利润仍然可观
Sou Hu Cai Jing·2025-08-21 02:59