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SunSirs: Domestic Asphalt Market Rises Slightly

May 18 2021 09:02:27     SunSirs (HU)

International oil prices rose, but the severe epidemic situation in India restrained the rise, and the price rise of asphalt market was average. According to the monitoring data of the SunSirs, as of May 10, the average spot price of domestic asphalt was 3206 RMB / ton, with a month on month increase of 2.78% and a year-on-year increase of 45.59%. Today, the domestic asphalt futures price opened down 4 RMB / ton, the downstream demand of asphalt is still weak, and the domestic asphalt spot market still maintains consolidation shock in the short term.

International oil prices rose, but the severe epidemic situation in India restrained the rise, and the price rise of asphalt market was average. At present, the domestic asphalt market is mainly stable as a whole. Affected by the expected price rise, the enthusiasm of downstream goods preparation is acceptable, and there are many inquiries.

As of May 10, the factory quotation summary of main asphalt manufacturers in Shandong Province:

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

2970 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

3280 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

3700 RMB/ton

Shenchi chemical

/

2900 RMB/ton

In the short term, the resource shortage in the southern region is expected to drive the spot price of asphalt to rise, but the future rainfall still has an impact on the actual demand, the game between supply and demand, business agency asphalt analysts predict that the short-term asphalt market is mainly arranged.

 

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