November 1, 2025 Global Asphalt Market Analysis: Asian prices rise slightly

Published: 2025-11-01 09:30 · Market Analysis Department

AI-generated reference content for research only. Prices, volumes and figures are estimates; verify current market data and specifications before any trade.
本内容由 AI 生成，仅供研究参考。价格、产量等数据为估算值，交易前请核实最新行情与规格。

Today, the global asphalt market shows regional differentiation, with prices in Asia rising slightly, stable in Europe, and slightly declining in the Americas. The specific analysis is as follows:

I. Asian Market

The Asian asphalt market was active today, with the FOB price of Singapore 60/70 asphalt rising by $5/ton to $385–395/ton. The main reasons are:

Southern China has entered the peak season for road construction, increasing procurement demand
Refinery operating rate remains around 75%, with relatively tight supply
Rising import demand in the Middle East has boosted overall market sentiment

In Southeast Asia, prices in Thailand and Malaysia rose by $3–5/ton following the Singapore market, mainly due to rising import costs. The Indian market remained stable, with CIF prices for 60/70 asphalt at $405–415/ton.

II. European Market

The European asphalt market remained stable today, with FOB prices for 60/70 asphalt in Rotterdam at €410–420/ton, up €3/ton from yesterday. Market characteristics:

Stable demand in Northwest Europe, with road maintenance projects progressing normally
Weather-related delays in some projects in the Mediterranean region
Russian imported asphalt continues to expand its market share in Eastern Europe

III. American Market

The American market slipped slightly today, with FOB prices for PG 64-22 asphalt in Houston at $430–440/ton, down $2/ton. Main reasons:

U.S. refinery operating rate rose to 80%, easing supply pressure
Increased Canadian imports, intensifying market competition
Seasonal weakness in South American demand

IV. Market Outlook

Short-term, the Asian market may continue to stay firm, mainly supported by Chinese demand. The European market is expected to remain stable, while the American market may face further downward pressure.

Market participants are advised to closely watch international crude oil price trends and changes in major importing countries' procurement policies.

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