SunSirs: Energy, the Asphalt Market Price WAS Stable Last Week (December 23-27)
December 30 2019 17:43:45 SunSirs (Selena)
1. Price Trend
According to the price monitoring of SunSirs, the market price of asphalt was stable last week, and the price of asphalt was reported as 3,374 RMB/ ton, 0.18% higher than that of the previous week.
2. Analysis of Influencing Factors
Product: the price of international crude oil market rose slightly. The asphalt market lacked demand support, and last week the price of the asphalt market remained stable.
Industry chain: at present, the trade relations between China and the United States have eased, the global economic slowdown concerns have subsided, and OPEC countries will continue to reduce production. The international crude oil market is affected by favorable factors. WTI crude oil futures price rose 2.25% last week.
In terms of asphalt Market: there is still a rigid demand for asphalt in East and South China, and the demand for asphalt in other regions has basically stopped. In Northeast China, there is no pressure on short-term stock of fuel and coking materials. In East China and South China, although there is rainfall impact, the intensity is not large, and the demand for terminal acceleration exists. The market price of asphalt in other regions is also stable. The crude oil market price rose last week, driving the asphalt price up slightly.
3. Market Forecast
The asphalt analyst of SunSirs believes that although the price of international crude oil market has risen, the demand of asphalt market is weak, and it is expected that the price of asphalt market will be stable this week.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com .
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