China’s firming bitumen blend demand fails to lift prices amid ample port stocks

Improving margins for producing asphalt have gradually pushed up demand for bitumen blend in June, but prices remain low due to high stocks at ports, market sources told S&P Global Commodity Insights June 22. “The margin has been above Yuan 100/mt ($2.04/b) for producing asphalt, which is much better compared with producing oil products,” said an analyst with local energy…