Price trend
According to the monitoring data of SunSirs, the average price of petroleum asphalt of manufacturers in Shandong on June 6 was 4,746 RMB/ton, an increase of 0.96% from the previous trading day and a year-on-year increase of 44.70%.
Analysis review
The international crude oil rose sharply, the fundamentals of the asphalt spot were supported, the downstream rigid demand was slightly stable, and the main refineries were expected to push up the price.
Market outlook
In the short term, the domestic asphalt market remains strong.
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