Shandong’s demand has declined, spot transactions have fallen short of expectations, and the enthusiasm for purchasing goods in the middle and lower reaches is average. As projects continue to shut down, the demand for essential procurement in the market is decreasing. The main refineries in East China maintain intermittent production, and most refineries mainly rely on shipping. Traders and social warehouses continue to ship goods. With the decrease in temperature and project closure, the market demand has significantly declined, and the supply of goods in circulation has also decreased. According to the analysis system of Business Society, the price in Shandong region was 3531 yuan/ton on December 22.

With the decline in temperature, the demand for asphalt in various regions has decreased. As the end of the year approaches, rush projects are gradually coming to an end. Due to funding issues, prices are relatively high, and winter storage enthusiasm is average, with some support on the cost side. Asphalt prices are expected to remain volatile in the short term.