Tag

Inventory Drawdown

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ResearchIndustry Insights2026-10-27

Asphalt +2.36%: Construction Window Closing & Social Inventory Drawdown Accelerating

Asphalt futures settled at ¥4,850/ton, up 2.36% on the day — the largest gain among petroleum products and the highest in three weeks. Road construction season is entering its final phase; social inventory drawdown in East China has accelerated and refinery runs remain stable, driving short-term restocking due to supply-demand mismatch. SNSUC’s transshipment clients have initiated November vessel scheduling.