Price trend

According to the monitoring data of SunSirs, the average price of petroleum asphalt of manufacturers in Shandong on June 14 was 4,814 RMB/ton, an increase of 0.24% from the previous trading day and a year-on-year increase of 44.72%.

On June 14, the closing price of M2209, the main contract of asphalt futures, was 4,871 RMB/ton, an increase of 1.46% over the previous working day.

Analysis review

The international crude oil was slightly stronger, and the fundamental data led to an increase in the price of asphalt futures.

In terms of spot, production companies in some regions reduced production, and the market supply decreased, which led to fluctuations and rise in the market prices in some regions.

At present, the overall downstream demand for asphalt is tepid, and downstream terminals purchase on demand, and the actual transaction is mostly low.

Market outlook

In the short term, the domestic asphalt spot market is mainly stable with small fluctuations.

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