SunSirs: China Asphalt Market Rebounded slowly
December 27 2021 13:58:55 SunSirs (Selena)
According to the monitoring data of SunSirs, from December 17 to December 24, the average spot price of domestic asphalt increased from 3,095 RMB/ ton to 3,151 RMB/ ton. During the cycle, the price increased by 1.81%, 1.26% month on month and 27.32% year-on-year.
The domestic asphalt market basically maintains the trend of large, stable and small key, and the overall change is relatively small. In terms of regions, prices rose and fell, among which the price in East China increased by 50 RMB/ ton, mainly due to the price increase of 30 RMB/ ton in some main refineries of Sinopec, driving the market quotation to rise slightly. The international crude oil is slightly strong, driving the whole asphalt spot market, and the overall stock demand in the asphalt spot market has increased.
The trend of international crude oil price is upward, which drives the atmosphere of asphalt futures market in the short term. In terms of spot, it is driven by conventional demand. With the change of weather, the demand may fall into a stalemate. SunSirs asphalt analysts expect that China domestic asphalt market will be mainly consolidated.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-24 SunSirs: Narrow Decline in China Asphalt Market
- 2024-04-18 SunSirs: The Asphalt Market Continues to Rise in China
- 2024-04-10 SunSirs: China Asphalt Market Rises in a Narrow Range
- 2024-04-01 SunSirs: China Asphalt Market first Rose and then Fell in March
- 2024-03-26 SunSirs: Fluctuations of China Asphalt Market
