According to the monitoring data of SunSirs, on August 25, the average price of petroleum asphalt manufacturers in Shandong was 4,456 RMB/ ton, up 0.03% from the previous trading day and 30.56% year-on-year. The closing price of the main contract of asphalt futures was 4,018 RMB/ ton, up 2.60%.
The international crude oil is strong, and the asphalt futures price rebounds sharply. In terms of spot, the quotation is relatively stable, and individual quotations are slightly adjusted. In the near future, downstream operators will purchase on demand, and the refinery will maintain a balance between production and sales.
The short-term domestic asphalt market in China is mainly sorted out.