SunSirs: Asphalt Market is Affected Severely by the Sharp Drop in International Crude Oil prices
May 16 2023 10:02:00
On May 15th, the benchmark price of asphalt for SunSirs was 3740.86 RMB/ton, a decrease of -1.73% compared to the beginning of this month (3806.57 RMB/ton).
According to the Commodity Market Analysis System of SunSirs, the asphalt market has declined in a narrow range. From May 8th to 12th, the price of asphalt in Shandong fell from 3780 RMB/ton to 3740 RMB/ton, a decrease of 1.06%, a month on month decrease of 2.20%, and a year-on-year decrease of 15.32%. Affected by the sharp drop in international crude oil during the holiday, Sinopec's prices have been adjusted, and the main business in the southern region has been lowered by 100-150 RMB/ton. The atmosphere of spot trading is average, and actual transactions are mostly at low levels. The current weak market situation in the asphalt market has been sorted out.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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