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SunSirs: Energy, Asphalt Market Price was Stable Last Week (December 9-16)
December 19 2019 14:28:55SunSirs(Selena)

1. Price Trend

According to the price monitoring of SunSirs, the market price of asphalt remained stable last week, and the price of asphalt was reported to be 3,358 RMB/ton, which was the same as that of last week.

2. Analysis of Influencing Factors

Product: the price of international crude oil market is relatively high and fluctuates in a narrow range. The asphalt market lacks the support of cost and market demand. Last week, the asphalt market price kept stable.

Industry chain: last week, the international crude oil market was mostly stable. Although the results of OPEC production reduction conference exceeded the market expectation, the EIA inventory data was completely negative, and the international crude oil market was in high shock.

Asphalt Market: the winter storage market in Northeast China started, the market demand has improved, and the factory inventory pressure is relatively small; in Shandong and North China, the overall market supply is weak, but the demand is also poor; in East China, Sinopec's price has been significantly reduced, stimulating the shipment while lowering the market price focus; in South China, the demand is general. On the whole, last week's domestic asphalt market was still stable in the downward trend.

3. Market Forecast

The oil product analyst at SunSirs said, the international crude oil market atmosphere is relatively negative, and the overall trend of oil prices is expected to be weak, and there is no demand support for the oil product market. The price of asphalt market is expected to continue to decline steadily this week.


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