According to data from iFinD, the spot price of modified bitumen hit 6,500.00 yuan per tonne on September 14, marking a single-day gain of 4.84%. The product has risen 12.07% over the past week and an impressive 32.65% over the last month, reflecting a sharp upward trajectory in the market.
This latest price surge is largely attributed to stronger cost support from crude oil and asphalt prices. Combined with end-user construction acceleration and inventory restocking, along with supply tightness caused by maintenance shutdowns at several refineries, the market has seen a notable boost in pricing power.
Modified bitumen, a deep-processed downstream product of petroleum refining, relies on matrix asphalt as its base. Its upstream chain involves refineries and modifiers such as SBS and rubber powder, while downstream demand primarily comes from high-grade highways, airport runways, and waterproofing membranes. The material is prized for its ability to significantly enhance pavement resistance to rutting and low-temperature cracking.
Several listed companies tied to this commodity have shown notable stock movements over the past 20 days. 国创高新 has climbed 16.85% to 3.19 yuan, while 大庆华科 advanced 9.02% to 17.17 yuan. 东方盛虹 gained 6.16% to 13.44 yuan, and 新叶股份 edged up 1.20% to 5.08 yuan. In contrast, 岳阳兴长 slipped 1.71% to 12.08 yuan during the same period.
It is important to note that a rise in commodity prices does not necessarily translate into synchronized gains for related stocks. Individual share performance remains subject to factors such as corporate earnings, policy shifts, and overall market sentiment. The above analysis is compiled by AI and is provided for reference only, not as investment advice.
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