According to the monitoring data of SunSirs, the average market price of the manufacturers of petroleum asphalt in Shandong on December 13 was 3,421 RMB/ton, down 0.08% from the previous trading day and up 11.03% year on year. On December 13, the main asphalt contract 2302 closed at 3,474 RMB/ton, up 101 or 2.99% from the previous trading day.

The international crude oil price rebounded sharply, and the cost side drove the asphalt futures up. In terms of spot goods, affected by the weather, market demand is gradually weakening, and most refineries are selling at reduced prices. At present, the market is gradually entering the stage of winter storage, and the downstream delivery is relatively flat.

The short-term spot asphalt market is mainly on the sidelines in China.

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