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SunSirs: China Asphalt Market Continues to Decline)

Increase font size  Decrease font size Date:2022-11-22   Views:124

  The price of domestic asphalt market continued to fall last week. In some regions, Sinopec lowered the price and had preferential policies for batch production. The price competition among brands intensified, and the market price fell significantly. The downstream terminal is dominated by just demand, coupled with rapid price decline, poor purchasing enthusiasm and weak overall trading and investment atmosphere.

  According to the monitoring data of SunSirs, from November 11 to 18, the average spot price of domestic asphalt manufacturers in Shandong Province was 4,198 RMB/ ton at the beginning of the week, and 4,090 RMB/ ton at the weekend. During the cycle, the price fell by 2.55%, 8.47% month on month, and 29.70% year on year.

  According to the monitoring data of SunSirs, the price trends of Brent crude oil and asphalt are different before and after November 1. Before November 1, the trends of the two are roughly the same. After November 1, the trends of the two are in contrast, with crude oil rising while asphalt continuing to decline. Since November 14, the trends of the two are the same. It can be seen that the main factors affecting the asphalt market are crude oil and macro level.

  According to the monitoring data of SunSirs, the prices of the whole industry chain fell in the past month, including crude oil (-0.17%), asphalt (-6.96%), and activated carbon (-1.23%); The products with increased prices include coal tar (1.85%).

  According to the monitoring data of SunSirs, the asphalt market has been dominated by narrow shocks in the past two months, and the decline in the past two Mondays is more obvious.

  At present, asphalt supply is relatively stable; From the demand side, the road demand may be limited due to weather conditions. SunSirs asphalt analysts expect that the short-term China domestic asphalt market will be dominated by downturn.

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