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SunSirs: China Asphalt Market Fluctuated in a Narrow Range on September 8
September 09 2022 08:48:09SunSirs(Selena)

According to the monitoring data of SunSirs, on September 8, the average market price of petroleum asphalt manufacturers in Shandong was 4,455 RMB/ ton, down 0.42% from the previous trading day and up 31.55% year-on-year. On September 8, the closing price of domestic asphalt futures market was 3,699 RMB/ ton, down 2.25%.

The sharp fall of international crude oil has driven the price of asphalt futures down, but considering that there is still support at the spot end, the decline of asphalt futures is limited. The domestic asphalt spot market mainly maintains a stable trend, and the quotations of mainstream manufacturers do not change much.

In the short term, China domestic asphalt market is mainly stable and weak.

 

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