According to the monitoring data of the business community, the average market price of the manufacturers of petroleum asphalt in Shandong Province on October 19 was 4472 yuan/ton, up 0.06% from the previous trading day and 21.73% year on year. On October 19, the closing price of domestic asphalt futures was 3852 yuan/ton, down 95 yuan or 2.41% from the previous trading day.
The decline of crude oil continued, driving asphalt futures down rapidly. In terms of spot goods, the demand support is insufficient. The atmosphere of the domestic asphalt spot market is sluggish. The prices of different regions are slightly different. Prices fell in most regions.
In the short term, the domestic asphalt market price is still likely to decline.
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