According to the monitoring data of SunSirs, the average market price of the manufacturers of petroleum asphalt in Shandong Province on December 6 was 3,510 RMB/ton, down 0.69% from the previous working day and up 12.34% year on year. On December 6, the main asphalt contract 2301 closed at 3,364 RMB/ton, down 3.94%.

International oil prices closed down after rising, which was bad for the entire oil industry chain. In terms of spot goods, the asphalt price of Sinopec Refinery, a major producer, decreased by 50-250 RMB/ton, driving the domestic asphalt price down continuously. In terms of demand, the downstream mainly purchases on demand, and the actual trading atmosphere is ordinary, mainly low-end deals.

Short term asphalt spot prices will remain weak in China.

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