Spot resources in Shandong and North China are tight, with prices continuously rising and weekend gains not stopping. According to data from Shengyi Society, the price of Jingbo asphalt in Shandong Province was 3770 yuan/ton on February 17th.

From the perspective of Shengyi Society, the North China region is experiencing rapid growth, but the release of demand is not yet evident. However, due to factors such as high costs and coking substitution demand, the intention of refineries to release asphalt resources at low prices is not strong, and some psychological barriers have risen to around 3800 yuan/ton. Compared to the relatively stable supply in the southern region, there is also a need for regional arbitrage. However, the trading of high priced transportation resources is limited, and the frequent generation of warehouse receipts in the southern region also puts some pressure on the market. Overall, the short-term trend of asphalt spot trading is mainly strong, and there will be strong resistance at the 4000 yuan/ton mark.