International oil prices broke through 70 mark, although the cost support is obvious, is expected to stop the downward momentum, asphalt market is mainly stable. According to the monitoring data of the SunSirs, as of June 2, the average spot price of domestic asphalt was 3280 RMB/ton, with a month-on-month increase of 5.47% and a year-on-year increase of 44.18%.

At present, the asphalt market is still in a high shock situation, poor demand, construction restrictions due to weather in the south, the price of asphalt has a downward trend. International crude oil high shock, for the refinery cost support is obvious, the overall low cargo release intention is not strong. Some refineries in Shandong and North China have released short-term and long-term contracts, but the terminal demand is weak. Some traders are mainly cautious and wait-and-see. The market offers have increased, and some expired contracts are highly motivated to ship.

Quotation summary of main asphalt production enterprises in Shandong as of June 2:

International crude oil high shock, some offer enthusiasm has increased, the actual rigid demand is general, part of the stock demand is mainly, SunSirs asphalt analysts expect, asphalt spot market short-term consolidation.

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