SunSirs: China Asphalt Market was Sorted out on August 10
August 11 2022 10:02:25 SunSirs (Selena)
According to the monitoring data of SunSirs, on August 10, the average price of petroleum asphalt manufacturers in Shandong was 4,367 RMB/ ton, which was the same as that of the previous trading day, with a month on month decrease of 2.38% and a year-on-year increase of 28.19%. The main contract of asphalt futures 2209 closed at 4,115 RMB/ ton, up 1.5%.
The international crude oil mainly fluctuates in a narrow range, the asphalt market fundamentals are supported, the overall inventory pressure is limited, and the futures market surges. In terms of spot goods, the quotations of manufacturers and traders are large, stable and small, and the range of change is about 30 RMB/ ton. The market supply and demand are basically in balance. Due to the influence of weather conditions, the downstream construction is not smooth, and the demand is slightly depressed.
In the short term, China domestic asphalt market is dominated by consolidation.
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