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 2252 yuan / ton, which is stable compared with that of last week.
| Sulfamic acid 99.80% |
2、 Analysis of influencing factors
Product: this week, the international oil price fell, the asphalt market and the terminal demand release were limited, and the social inventory consumption was slow. However, the asphalt manufacturers sold at a high price, and the asphalt market price remained stable.
Industry chain: WTI futures delivery dropped international oil prices, crude oil prices fell, the “US Iraq” relationship between China and the United States was once again strained, geopolitical risk factors increased the premium space of crude oil; at the same time, OPEC + and other oil producing countries gradually put production reduction on the agenda, active production reduction superimposed by movable production reduction brought certain boost to the market. International oil prices fall first and then rise.
| sulphamic acid |
In terms of asphalt Market: at the beginning of the week, driven by the increase of Sinopec and PetroChina refinery asphalt prices, but then on Tuesday, the international crude oil plummeted, driving the asphalt price down. This week, prices in the northwest and Northeast were basically stable. The southern region just needed to support the shipment. In addition, some resources of the refinery were transferred across regions, which led to smooth shipment of the refinery. The inventory decreased significantly. The price of asphalt market rose and fell steadily.
3、 Future forecast
Lu Xingjun, an asphalt analyst with business club, believes that: the operating rate of domestic refining plants has reached a high level, the release of asphalt terminal demand is limited, and the low oil price has depressed the market mentality, and it is expected that the short-term asphalt market price will be weak and stable.
| Sulfamic acid |