I. 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 3358 yuan / ton, which is the same as that of last week.

 

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II. Analysis of influencing factors

 

Product: the international crude oil market price is relatively high and fluctuates in a narrow range. The asphalt market is lack of cost support and the overall demand of the asphalt market is not good, and the asphalt price is stable and falling.

 

Industry chain: the price of international crude oil market is relatively high this week, with little fluctuation. OPEC’s discussion on production reduction has made the market cautious in trading. The U.S. crude oil inventory and production have both increased. At present, the international crude oil market price is not strong. WTI crude oil closed at US $58.11/bbl this week, down 0.18% for the week

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.

 

Asphalt Market: the weather turns cold, and the overall demand of asphalt market is poor. In Shandong and North China, the demand is general, and there is partial finishing demand; refineries in Shandong and Hebei are gradually increasing; the market demand in East China has not improved significantly, and the market demand is mainly rigid; in southwest and South China, the demand end maintains rigid demand, while the downstream and traders are not active in purchasing mentality. At present, the market price of asphalt has not touched the psychological price of traders’ winter storage. This week, the domestic asphalt market price fell steadily.

 

III. future forecast

 

Lu Xingjun, an asphalt analyst at the business club, believes that: the international crude oil price is weak, the demand for asphalt market has entered the off-season, and the downstream demand is constantly weakening. It is expected that the price of asphalt market will decline steadily next week.

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