Price trend
According to the monitoring data of SunSirs, the average price of petroleum asphalt of manufacturers in Shandong on July 6 was 4,575 RMB/ton, down 0.68% from the previous trading day and up 31.49% year-on-year.
Analysis review
The sharp drop in international crude oil led to a decline in asphalt futures.
In terms of spot goods, the demand in various regions was slightly stable, and the supply increased significantly recently. Most of them were mainly contract execution, and retail shipments were general.
Market outlook
In the short term, the domestic asphalt market is mainly sluggish to sort out.
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