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SunSirs: China Asphalt Market was Weak and Shocked on September 14
September 15 2022 10:59:13SunSirs(Selena)

According to the monitoring data of SunSirs, the average market price of the manufacturers of petroleum asphalt in Shandong Province on September 14 was 4,438 RMB/ ton, unchanged from the previous trading day, with a year-on-year increase of 29.51%. On September 14, the domestic asphalt futures market closed at 3,674 RMB/ ton, down 3.80%.

Asphalt futures mainly maintained weak decline, and the overall bearish intention was heavy. In terms of spot goods, the fundamentals of asphalt spot goods are slightly flat, the mainstream quotation in Shandong is stable and downward, and the refinery concentration increases significantly, so the inventory has increased. Downstream operators mainly purchase on demand, and the terminal demand is fair in the near future.

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


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