Price trend

According to the monitoring data of SunSirs, the average price of petroleum asphalt of manufacturers in Shandong on May 24 was 4,496 RMB/ton, an increase of 0.48% from the previous trading day and a year-on-year increase of 36.24%.On May 24, the main contract of petroleum asphalt futures 2209 closed at 4,435 RMB/ton, an increase of 0.73%.

Analysis review

Although the rise of international crude oil was limited, the fundamentals still had certain support for the asphalt futures disk. The futures price was slightly firm, and the market remained strong and fluctuating.

In terms of spot goods, the recent demand in the northern region was stable, and terminal purchases were acceptable. There was a certain support for shipments. Manufacturers and traders took advantage of the situation to raise their quotations, and they were more optimistic about the market outlook.

Market outlook

In the short term, the domestic asphalt market will be mainly volatile.

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