Consolidation of asphalt market shock due to low demand

On July 26, the closing price of 2109, the main contract of asphalt futures, was 3104 yuan / ton, down 2.33%. According to the monitoring data of business agency, as of July 26, the average spot price of domestic asphalt was 3366 yuan / ton, with a month on month decrease of 0.88% and a year-on-year increase of 33.33%.

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At present, the domestic asphalt spot market continues to be mainly stable and minor. Some areas in the North just need to recover slightly, and the overall demand in the south is slightly flat due to typhoon factors. The market demand in some areas is slightly flat, and the loading and shipment of refineries is limited due to typhoon factors.

As of July 26, the factory quotation summary of major asphalt manufacturers in Shandong:

Enterprise, device, price

HSBC petrochemical A 2.3 million T / a atmospheric and vacuum distillation unit was started, with a daily output of 2000 tons 3850 yuan / ton

Jincheng petrochemical Daily output 1500 tons /

Kelida There are two sets of atmospheric and vacuum distillation, one set of 3.2 million T / a atmospheric and vacuum distillation and one set of 1.2 million T / a atmospheric and vacuum distillation 3450 yuan / ton

Dongming Petrochemical A 3 million T / a atmospheric and vacuum distillation unit intermittently produces asphalt, and the unit is converted to residue, with a daily output of 2500-3000 tons during normal production 3850 yuan / ton

Shenchi chemical / 3240 yuan / ton

In the short term, although the rise of international crude oil has a certain support for the atmosphere of the domestic asphalt market, the downturn of terminal demand still restricts the spot price of asphalt. Asphalt analysts of business society expect that the asphalt spot market will be dominated by shock consolidation.

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