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SunSirs: China Asphalt Market Fell in a Narrow Range
December 13 2021 15:05:46SunSirs(Selena)

According to the monitoring data of SunSirs, from December 3 to December 10, the average spot price of domestic asphalt fell from 3,131 RMB/ ton to 3,091 RMB/ ton. During the cycle, the price fell by 1.28%, the price fell by 10.97% month on month, and the year-on-year increase was 24.65%.

The price of domestic asphalt market fluctuated between regions: affected by the rise of crude oil price and the reduction of executable contracts in North China, the offer of some low-end resources increased. The prices of some refineries of Sinopec in East China and Shandong decreased by 50-100 RMB/ ton, driving the decline of high-end prices in the market. Some traders in Northeast China took the initiative to reduce prices to the warehouse, and the price of Kuti fell.

The international crude oil mainly fluctuates in a narrow range, the overall supply resources of the market are relatively stable, and it is difficult for some refineries in Shandong to load, but the overall market is still highly motivated to release goods, and the mainstream transaction price is stable, medium and down. SunSirs asphalt analysts expect that the domestic asphalt market is weak and volatile.

 

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