The center of gravity of international oil price moved up. Affected by the typhoon, South China, East China and Shandong were affected to varying degrees. However, the demand for asphalt in peak season has a certain support for the market price of asphalt. According to the price monitoring data of SunSirs, the asphalt price was reported to be 2,552 RMB/ ton on August 7, 1.59% higher than that at the beginning of the month.

In terms of international crude oil, although the market is worried about OPEC's relaxation of production reduction, the US crude oil inventory has decreased significantly, and the impact of the continued weakening of the US dollar has made the international crude oil price center shift upward. WTI crude oil futures rose 2.89% for the week.

Recently, the price of asphalt in Sinopec and PetroChina's main refineries remained stable. Affected by the typhoon, South China, East China and Shandong have been affected to varying degrees. The release of terminal demand of asphalt Market in South China and East China is limited; Shandong is less affected and the asphalt price rises slightly; in Southwest China, the terminal demand of asphalt is better, and the main transaction price of the market rises slightly; in Northeast and Northwest China, the market demand is stable.

SunSirs analysts believe that the demand for terminal asphalt in southern China will gradually recover. The demand for terminal asphalt in northern China has entered the peak season, and the price of China asphalt is expected to continue to rise slightly.

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