沥青：10月沥青均价跌幅扩大

Group 1 - The average price of asphalt in October is 3669.29 yuan/ton, representing a month-on-month decline of 2.9%, with the decline expanding [1] - The drop in asphalt prices is attributed to the continuous decrease in crude oil prices due to trade threats from the U.S. against China, negatively impacting the cost side [1] - Adverse weather conditions in Shandong, North China, and surrounding areas have suppressed project commencement, leading to reduced demand in the north and insufficient demand growth in the south, further pressuring asphalt prices [1] Group 2 - A seasonal decline in both supply and demand for asphalt is expected in the short term, with the demand drop exerting a more significant negative impact on the market [1] - The expectation of continued decline in crude oil prices suggests that the average price of asphalt will likely continue its downward trend [1]