August 13 Asphalt market conditions in South China

August 13 Asphalt market conditions in South China On August 13, the asphalt market in South China showed mixed performance. Construction-grade asphalt remained relatively stable, supported by raw material costs and firm pricing strategies from suppliers. However, road asphalt prices continued to decline this week, following a drop that started on August 5. Despite some short-term fluctuations, demand remained weak, with buyers hesitant to commit due to uncertainty in the market. According to industry sources, the lowest price for road asphalt was reported at around RMB 4,200 per ton, while the mainstream quoted price ranged between RMB 4,450 and RMB 4,600 per ton. Manufacturers are struggling to sell their products, leading to larger discount rates and unsatisfactory order-taking situations. The oversupply issue is expected to persist in the short term, and the overall market outlook remains cautious, with prices likely to continue declining unless supply-side adjustments occur. Notably, one major manufacturer is scheduled for a maintenance shutdown in October, which may bring some relief to the bitumen market by reducing production output. This could help stabilize prices and improve market sentiment in the coming months. For now, traders and buyers are closely monitoring the situation, waiting for signs of recovery or further downward pressure.

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