According to the monitoring data of the business community, the average market price of the manufacturers of petroleum asphalt in Shandong Province on January 4 was 3829 yuan/ton, up 0.61% from the previous trading day and 18.66% year on year. On January 4, the main asphalt futures contract 2306 closed at 3789 yuan/ton, down 96, or 2.47%, from the previous trading day.
The decline of crude oil price has a certain impact on the asphalt futures market. In terms of spot asphalt, the spot asphalt mainly maintains stable and strong operation. During the New Year’s Day holiday, the price of Sinopec refineries was raised, and the price of asphalt was raised in some places, driving the domestic asphalt price up significantly. There is a demand for acceleration in some regions, and the market transaction is optimistic.
In the short term, the domestic spot asphalt market is dominated by strong operation.
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