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Commodity News

SunSirs: The Asphalt Market Slightly Higher on July 25

July 26 2022 10:54:05     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the average price of petroleum asphalt of manufacturers in Shandong on July 25 was 4,262 RMB/ton, an increase of 0.38% from the previous trading day and a year-on-year increase of 27.35%.On July 25, the closing price of the main contract 2209 of asphalt futures was 4,006 RMB/ton, an increase of 2.59%.

Analysis review

In terms of spot goods, the quotations of some major manufacturers were raised, and the overall shipments were supported. As the weather improves, the terminal demand increased.

Market outlook

The international crude oil price fluctuated weakly, the high-priced asphalt transactions were limited, and the domestic asphalt market was mainly organized in the short term.

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