SunSirs: Low Consolidation of China Asphalt Market
December 20 2021 14:01:51 SunSirs (Selena)
According to the monitoring data of business agency, from December 10 to December 17, the average spot price of China domestic asphalt increased from 3,091 RMB/ ton to 3,095 RMB/ ton. During the cycle, the price increased by 0.13%, the price decreased by 3.76% month on month and 24.81% year-on-year.
The price of domestic asphalt market fluctuated between regions: the price of some main refineries of Sinopec in East China increased by 30 RMB/ ton, driving the market quotation to rise slightly. The price of PetroChina Qinhuangdao in North China decreased by 250 RMB/ ton, which led to an obvious decrease in high-end prices; With the weakening demand in Shandong, the low-end quotation fell slightly; The price in Northeast China decreased by 25 RMB/ ton, mainly due to the preferential shipment of individual refined asphalt, driving the price downward.
Rigid demand is in the final stage of catching up. In the future, with the decline of temperature, the overall demand will weaken. SunSirs asphalt analysts expect that the domestic asphalt market is weak and volatile.
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