The international crude oil price fluctuates at a high level, the weather turns cold, the demand for asphalt for terminal road works remains low, the domestic asphalt market lacks action, and the asphalt price keeps stable. According to the price monitoring data of the business association, the asphalt price on January 29 was 2535 yuan / ton, which was the same as that at the beginning of the week.

Recently, the international crude oil market lacks directional news, and the implementation rate of OPEC’s production reduction has not reached 100% while the US crude oil inventory has decreased. This week, the international crude oil price was in a high shock, with WTI crude oil price down 0.13% and Brent crude oil price up 0.67%.

Affected by low temperature weather and Spring Festival holiday, domestic asphalt market demand fell to a low level. In the south, road construction projects continue to reduce the demand for asphalt; in the north, road demand is basically over, and some refineries switch to coking and waterproof asphalt, and the demand for winter storage is not optimistic. On the whole, the domestic asphalt market entered the low demand, and the domestic asphalt price remained stable.

Analysts of business news agency believe that the upward trend of international crude oil price is blocked, and the impact of the Spring Festival holiday, domestic asphalt demand has entered a trough, and it is expected that domestic asphalt price will be mainly stable.