1  Price Trend

According to the price monitoring of SunSirs, the market price of asphalt remained stable last week. The price of asphalt was reported to be 3,420 RMB/ ton, up 0.47% from the previous week.

2  Analysis of Influencing Factors

Product: the price of international crude oil market keeps falling. However, due to the conversion of asphalt units in some refineries in the early stage, the overall market supply was slightly less than that in the early stage, and the market price of asphalt rose slightly last week.

Industry chain: last week, the situation in Iran continued to escalate. Traders worried about the interruption of crude oil supply and the rapid rise of international oil prices. Then Trump's speech on the US Iran issue cooled the situation in the Middle East. At the same time, the U.S. crude oil inventory increased unexpectedly and the international oil price fell. And last week, the international oil price fell significantly, WTI crude oil price fell 6.22%.

In terms of asphalt Market: the international oil price rose sharply and fell sharply, but the asphalt market was less affected. First of all, the domestic asphalt market demand was at a low level, and the market trading situation was general. Secondly, due to the shutdown or load reduction of some refineries in Northeast and North China, the market supply in the region was significantly reduced. In addition, asphalt demand still existed in East and South China. Last week, the regional asphalt market price continued to be stable.

3  Market Forecast

The asphalt analyst of SunSirs believes that, in the short term, crude oil will continue to fluctuate broadly, and the demand of asphalt market is at a low level. It is expected that the price of asphalt market will continue to be stable this week.

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