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
Product: the price of international crude oil market fell slightly. The asphalt plant operation rate continues to decline, and the overall demand of the market is also decreasing. This week, the asphalt market is stable.
Industry chain: EIA’s monthly report shows that the risk of major threat to oil supply seems to have subsided, and the oil production of non OPEC member countries is growing strongly, and the crude oil production of OPEC 1 is 700000 barrels / day higher than expected. The bad news of international crude oil market is constantly coming out. This week, the overall international oil price fell in shock, WTI crude oil price fell 0.47% in the week.
In terms of asphalt Market: the asphalt production in Northeast China continues to decline, and the asphalt in Shandong Province also maintains a low start-up rate and low inventory; the demand in Southwest China is strong due to the rush to work before the festival, and the trading situation is optimistic. The asphalt market as a whole is relatively active in the South and relatively stable in the north. At present, the supply and demand of the overall asphalt market are both low, and the market price is stable.
3、 Future forecast
Lu Xingjun, an asphalt analyst with business club, believes that: in the short term, the crude oil market will continue to fluctuate and remain stable, and the supply and demand of the asphalt market are all at a low level. It is expected that the price of the asphalt market will continue to be stable next week.