- Price Trend
According to the price monitoring of SunSirs, the price of asphalt market rose last week, and the price closed at 3,640 RMB/ton, 2.67% higher than of the previous week's.
- Analysis of Influencing Factors
Products: East China market demand performance is good, other market demand performance is general, but the international oil price is high, raising the domestic market price of asphalt.
Industry chain: Saudi crude oil facilities were attacked, resulting in 5.7 million barrels per day of crude oil shutdown. Brent crude jumped 19% in opening. The price of WTI crude oil futures is up to $63.34 per barrel. At present, the price of WTI crude oil futures is on the front line of $59 per barrel, up 7.57% from the previous trading day. China crude oil futures closed at 470.2 RMB per barrel on the 16th, up 6.28% from the previous trading day.
Asphalt market: At the beginning of the week, the prices of some Sinopec enterprises were lowered and domestic asphalt wait-and-see sentiment rose. In the Northeast market, the price of Liaohe Petrochemical asphalt has been lowered and shipment is good. In Shandong market, the price of some refined asphalt has also been lowered. In North China, East China and South China, the overall demand has not changed significantly, and the price of asphalt market remains stable. With the approaching of National Day holidays, it is difficult for the market demand of asphalt to change dramatically.
- Market Forecast
According to SunSirs’ analyst, the international crude oil surge has raised the domestic asphalt price, but overall the demand for asphalt has not improved. It is expected that the asphalt price will remain stable at a high level next week.
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