Bitumen tumbled 3.50% to ¥5,013/t — its steepest two-month drop — as infrastructure fund disbursements slowed, winter construction waned in northern China, and refinery runs rose to 78.5%.

Bitumen front-month contract dropped 3.50% to ¥5,013/t, with weekly decline reaching 6.2%. Widening CIF–domestic price gap and post-maintenance supply rebound have reopened import arbitrage opportunities.

Bitumen front-month contract fell 3.50% to ¥5,013/t — the steepest daily drop this week. Slowing infrastructure project progress and persistent rainfall in southern China dampened paving demand, while refinery runs rose to 72.3%, increasing supply pressure.

Bitumen front month fell to CNY 5,013/t—the lowest in 6 weeks. Despite entering peak road-construction season, delayed infrastructure approvals and fiscal constraints in multiple provinces weakened demand, while refinery utilization rose to 78.5%, increasing inventory pressure.

Asphalt peak season is ending—no surprises: front-month ¥4,748/t down three weeks, East China utilization cut to 62.3% (3-mo low), social drawdown slowed from 1.8%/wk to 0.9%/wk. Import landed cost ¥62–92/t below domestic; arb window shut. Contractors draw down inventories, traders skip forward builds.