The profit loss margin in asphalt production has widened, and the equipment maintenance volume has increased month-on-month.

Latest data shows that for the week ending March 25, the weekly average integrated asphalt profit without deducting costs is -586 yuan/ton; with proportional cost deductions, it is -394 yuan/ton, down by 22 yuan/ton quarter-over-quarter. Raw material prices have continued to rise. Due to demand being suppressed, even though asphalt spot prices have followed up somewhat, the increase has not kept pace with raw material price growth, causing losses in asphalt processing profit to deepen. Data from the same period shows that in China, asphalt plants had maintenance/turnaround volumes of 1.2 million tons, up 0.37 million tons quarter-over-quarter, an increase of 3.2%. The main reasons are that Shandong Shengxing switched to producing residual oil, increasing the loss volume. (Lunzhong Information)

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