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SunSirs: Asphalt Market Prices Rose Sharply on March 9
March 10 2022 09:49:20SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the average price of petroleum asphalt manufacturers in Shandong on March 9 was 4,177 RMB/ton, an increase of 9.72% over the previous working day and a year-on-year increase of 29.59%.

Analysis review

The international crude oil was high and strong, the asphalt futures market had a strong daily limit, and the spot quotations in the asphalt spot market were limited. Some companies mainly focus on wait-and-see, and there is a tendency to cover up goods and speculate.

However, on the other hand, the downstream demand is relatively stable, and there is no obvious benefit in the short term, and the price increase in the spot asphalt market is difficult to continue for a long time.

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