Price Trend

According to the price monitoring of business associations, the market price of asphalt was stable this week, and the price of asphalt was reported at 3640 yuan/ton, which was stable compared with last week’s price of asphalt.

II. Analysis of Influencing Factors

Products: The market demand in East China is good. The price of asphalt market has increased by 130 yuan/ton. The market demand in other areas is stable as a whole. There is no bright spot in the market demand.

Industry chain: Saudi Arabia’s oil equipment was attacked early this week. After losing 5.7 million barrels per day of production, the market panicked up nearly 15%, but Saudi Arabia said that oil would return to production in a short time and international oil prices would rise and fall. International crude oil rose this week, with WTI crude oil rising 5.98%.

Asphalt market: In Northeast China, the overall inventory pressure of refineries has eased to a certain extent. In Shandong and parts of North China, the news of terminal project shutdown has spread, and terminal demand is difficult to improve explosively in the early days of National Day. Demand in East China is strong, and the price of asphalt market is rising slightly. The overall demand performance in South and Southwest China is general. After the international oil price rises sharply, it falls back, which has little influence on the asphalt market. Overall, at present, the supply of asphalt resources is abundant, and the refinery resources in some areas are a little tight. Under the condition of stable market demand for asphalt, the price of domestic asphalt market remains stable.

3. Future Market Forecast

Lu Xingjun, an asphalt analyst at the business association, believes that international crude oil prices have fallen steadily, and overall asphalt demand has not improved, and asphalt prices are expected to run steadily at a high level next week.