1、 Price trend
According to the price monitoring of the business agency, the market price of asphalt is stable this week, and the price of asphalt is reported to be 3420 yuan / ton, which is the same as that of last week.
2、 Analysis of influencing factors
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Product: the international crude oil is running at a low level this week, with a large fluctuation range. The operating rate of asphalt plants in refineries has dropped to a low level. At present, the asphalt market is in the off-season stage, and the epidemic situation has little impact on the asphalt market. This week, the asphalt market is stable.
Industrial chain: the international crude oil market is also affected by China’s epidemic situation. At present, China’s crude oil demand is severely suppressed, and the demand growth is relatively limited. At the same time, Russia’s attitude on deepening production reduction is not clear, and the crude oil market has doubts about the implementation of real production reduction. This week, the international oil price is running at a low level, with a large fluctuation range.
Asphalt Market: affected by the epidemic situation, the asphalt market is restricted by the macro environment, the resumption of terminal projects is not ideal, and there are certain restrictions on logistics and transportation. The overall delivery situation of the refinery is poor. Under the pressure of increasing inventory, the operating rate of the refinery continues to decline. At present, the asphalt market is still in a state of price or no market. At present, the overall performance of the asphalt market is weak supply and demand, and the price performance of the asphalt market is average.
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3、 Future forecast
Lu Xingjun, an asphalt analyst at business club, believes that: the price of international crude oil market has fallen to a low level, but it is the off-season of asphalt market demand at present. In addition, the resumption of terminal projects is not ideal, and it is expected that the market price of asphalt will maintain stable operation in a short time.
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