SunSirs: The Shipment Pressure is Large, China Asphalt MarketFell in a Narrow Range
September 09 2021 16:23:59 SunSirs (Selena)
On September 6, the closing price of 2112, the main contract of petroleum asphalt futures, was 3,242 RMB/ ton and 3,154 RMB/ ton, down 1.62%. According to the monitoring data of business agency, as of September 6, the average spot price of domestic asphalt was 3,376 RMB/ ton, a decrease of 0.30% compared with the previous working day, the price fell by 1.07% month on month and a year-on-year increase of 32.81%.
Domestic asphalt futures fell steadily and slightly. Affected by the decline of international crude oil prices, the overall situation was slightly weak. Although the price adjustment of petrochemical enterprises pushed up slightly, the boost to the spot market was limited. In the spot asphalt market, affected by rainfall factors, the overall demand is slightly flat. Individual refineries have temporarily stopped production and loading due to environmental protection inspection factors, and other refineries load smoothly. Although the demand is better than that in the early stage, it is still difficult to achieve production and sales balance.
The demand is sluggish, SunSirs asphalt analysts expect that China domestic asphalt spot market will still be mainly sorted out in the near future.
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