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SunSirs: The Domestic Asphalt Market Rose After Finishing

April 23 2021 10:29:13     SunSirs (HU)

The recent domestic asphalt market price belongs to the rise after the consolidation, according to SunSirs monitoring data, as of April 22, the average spot price of domestic asphalt was 3150 RMB/ton, which was stable compared with the average price on the previous day. The price decreased by 0.21% month-on-month and increased by 39.84% year-on-year. Today, domestic asphalt futures prices fell -2.53%, asphalt downstream demand is still weak, short-term domestic asphalt spot market is still mainly to maintain the consolidation shock.

International crude oil falls, the supply and demand side is slightly weak, and the asphalt futures plate is weak. At present, the domestic asphalt spot market is mainly organized after rising, and the overall situation of the asphalt market is stable today. The overall refinery shipment is relatively stable, affected by crude oil and futures, traders are more cautious, the actual transaction situation in the asphalt market is general.

As of April 22, the main asphalt production enterprises in Shandong region ex-factory quotation summary:

Enterprise

Device

Price

HSBC petrochemical

The maintenance of a set of 2.3 million tons/year atmospheric and pressure relief devices is expected to last until mid-to-late April

3200 RMB/ton

Jincheng petrochemical

The daily output is 1500 tons

2790 RMB/ton

Kelida

There are two sets of atmospheric and decompression, one set of 3.2 million tons/year atmospheric and decompression and one set of 1.2 million tons/year atmospheric and decompression

3300 RMB/ton

Dongming Petrochemical

A set of 3 million tons/year atmospheric and vacuum intermittent production of asphalt, the plant to produce residual oil, normal production of 2500-3000 tons per day

3650 RMB/ton

Shenchi chemical

/

2800 RMB/ton

In the future, there are many rainy days in China recently, which hinder the terminal construction. The SunSirs Asphalt analysts predict, the future short-term asphalt spot market is mainly stable.

 

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