International oil prices rose, but the severe epidemic situation in India restrained the rise, and the price rise of asphalt market was average. According to the monitoring data of the business agency, as of May 10, the average spot price of domestic asphalt was 3,206 RMB/ ton, with a month on month increase of 2.78% and a year-on-year increase of 45.59%. Today, the domestic asphalt futures price opened down 4 RMB/ ton, the downstream demand of asphalt is still weak, and the domestic asphalt spot market still maintains consolidation shock in the short term.

International oil prices rose, but the severe epidemic situation in India restrained the rise, and the price rise of asphalt market was average. At present, the domestic asphalt market is mainly stable as a whole. Affected by the expected price rise, the enthusiasm of downstream goods preparation is acceptable, and there are many inquiries.

In the short run, the shortage of resources in the southern region is expected to drive the spot price of asphalt to rise, but the future rainfall will still have an impact on the actual demand. The supply and demand game, SunSirs asphalt analysts predict that the short-term asphalt market is mainly in consolidation in China.

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