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SunSirs: On May 6, the Asphalt Market Rose in a Narrow Range
May 07 2022 08:57:48SunSirs(John)

Price trend

According to the monitoring data of SunSirs, on May 6, the average price of petroleum asphalt of manufacturers in Shandong was 4,377 RMB/ton, up 0.88% from the previous trading day and up 37.81% year-on-year.

Analysis review

The international crude oil fluctuated at a high level, and the asphalt futures price adjusted at a high level. After the rapid rise, there was a slight correction in the asphalt spot market.

Market outlook

In the short term, the asphalt spot market is mainly volatile at high levels.

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