SunSirs: Good Crude Oil, Asphalt Market Shock Finishing
June 04 2021 13:41:07 SunSirs (HU)
International oil prices broke through 70 mark, although the cost support is obvious, is expected to stop the downward momentum, asphalt market is mainly stable. According to the monitoring data of the SunSirs, as of June 2, the average spot price of domestic asphalt was 3280 RMB/ton, with a month-on-month increase of 5.47% and a year-on-year increase of 44.18%.
At present, the asphalt market is still in a high shock situation, poor demand, construction restrictions due to weather in the south, the price of asphalt has a downward trend. International crude oil high shock, for the refinery cost support is obvious, the overall low cargo release intention is not strong. Some refineries in Shandong and North China have released short-term and long-term contracts, but the terminal demand is weak. Some traders are mainly cautious and wait-and-see. The market offers have increased, and some expired contracts are highly motivated to ship.
Quotation summary of main asphalt production enterprises in Shandong as of June 2:
|
Enterprise |
Devic |
The price |
|
HSBC petrochemical |
A set of 2.3 million T / a atmospheric and vacuum distillation unit is expected to be overhauled until mid to late April |
3200 RMB/ton |
|
Jin cheng petrochemical |
1500 tons per day |
3010 RMB/ton |
|
Kelida |
There are two sets of atmospheric and vacuum distillation, one set of 3.2 million tons / year atmospheric and vacuum distillation and one set of 1.2 million tons / year atmospheric and vacuum distillation |
3280 RMB/ton |
|
Dongming petrochemical |
A set of 3 million tons / year atmospheric and vacuum distillation unit intermittently produces asphalt, and the unit is converted to residual oil, with a daily output of 2500-3000 tons in normal production |
3850 RMB/ton |
|
Photographer chemical |
/ |
2980 RMB/ton |
International crude oil high shock, some offer enthusiasm has increased, the actual rigid demand is general, part of the stock demand is mainly, SunSirs asphalt analysts expect, asphalt spot market short-term consolidation.
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