August 13 Asphalt market conditions in South China

In the asphalt market in South China, construction asphalt is slightly better, with raw material support and firm quotes. After the road asphalt fell from the beginning of last week (August 5), it was still weak this week (August 12th), and the demand was weak. It was learned that the lowest price was around RMB 4,200/ton, and the mainstream quoted price was 4450-4600 RMB/ton. The situation of manufacturers taking goods is not ideal and the discount rate is relatively large. The situation of oversupply in the short term is difficult to ease, and the market outlook is still mainly due to steady declines. A manufacturer will overhaul in October, and it is expected that there will be slight relief in the bitumen market.