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旺季阶段并无超预期表现 沥青暂以窄幅震荡为主
Jin Tou Wang·2025-11-05 07:09

Group 1 - The domestic futures market for crude oil shows a mixed performance, with asphalt futures experiencing a downward trend, currently trading around 3177.00 CNY/ton, with a decline of approximately 1.55% [1] - The operating load rate for asphalt production nationwide is at 31.97%, indicating a slight decrease, while demand remains weak, particularly in southern regions where no significant increase is observed [1] - Analysts suggest a short-term trading approach due to the current market's weak performance and the impact of fluctuating international oil prices [1] Group 2 - In the northern regions, there is some support for demand due to ongoing construction projects, but overall demand is expected to decline as temperatures drop in November [2] - The market is likely to prioritize the consumption of low-priced resources from social inventories, leading to a sustained weak performance in spot prices [2] - Despite a slight easing of supply pressure in November, the overall market remains under pressure, and asphalt prices are expected to fluctuate within a narrow range, influenced by macroeconomic factors [2]