1、 Price trend
According to the price monitoring of the business agency, the market price of asphalt remained stable this week. The price of asphalt was reported to be 3374 yuan / ton, up 0.18% from last week.
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2、 Analysis of influencing factors
Product: the price of international crude oil market rose slightly. The asphalt market is short of demand support, and the asphalt market price is stable this week.
Industry chain: at present, the trade relations between China and the United States have eased, the global economic slowdown concerns have subsided, and OPEC countries will continue to reduce production. The international crude oil market is affected by favorable factors. WTI crude oil futures price rose 2.25% this week.
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In terms of asphalt Market: there is still a rigid demand for asphalt in East and South China, and the demand for asphalt in other regions has basically stopped. In Northeast China, there is no pressure on short-term stock of fuel and coking materials. In East China and South China, although there is rainfall impact, the intensity is not large, and the demand for terminal acceleration exists. The market price of asphalt in other regions is also stable. This week, the crude oil market price rose, driving the asphalt price up slightly.
3、 Future forecast
Lu Xingjun, an asphalt analyst with business news agency, believes that although the price of international crude oil market has risen, the demand of asphalt market is weak, and it is expected that the price of asphalt market will be stable next week.
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