In December, the domestic asphalt market first fell and then rose, and the market began to recover slowly in the second half of the month. According to the monitoring data of business agency, the spot price of domestic asphalt at the beginning of the month was 3147 yuan / ton, and the market price of domestic asphalt at the end of the month was 3191 yuan / ton. The price increased by 1.40% during the month and 29.59% year-on-year.
| EDTA |
At the beginning of June, affected by the sharp decline of international crude oil and weak market demand, the market price continued to decline.
In the middle of June, the price of domestic asphalt market fluctuated between regions: affected by the rise of crude oil price and the reduction of executable contracts in North China, the offer of some low-end resources increased. The prices of some refineries of Sinopec in East China and Shandong decreased by 50-100 yuan / ton, driving the decline of high-end prices in the market. Some traders in Northeast China took the initiative to reduce prices to the warehouse, and the price of Kuti fell.
In late June, the price of domestic asphalt market fluctuated between regions: the price of some main refineries of Sinopec in East China increased by 30 yuan / ton, driving the market quotation to rise slightly. The price of PetroChina Qinhuangdao in North China decreased by 250 yuan / ton, which led to an obvious decrease in high-end prices; With the weakening demand in Shandong, the low-end quotation fell slightly; The price in Northeast China decreased by 25 yuan / ton, mainly due to the preferential shipment of individual refined asphalt, driving the price downward.
At the end of the month, the international crude oil was slightly strong, driving the whole asphalt spot market, and the overall stock demand in the asphalt spot market increased.
Annual comparison chart of asphalt price from 2017 to 2021:
Monthly K column chart of asphalt domestic production price:
Weekly K column chart of asphalt domestic production price:
Comparison chart of crude oil and asphalt price trend of business society:
| Melamine |
According to the price monitoring of the business community, in the list of commodity prices in December 2021, there were 6 kinds of commodities rising month on month in the energy sector, including 3 kinds of commodities rising by more than 5%, accounting for 18.8% of the monitored commodities in the sector; The top three commodities were petroleum coke (20.70%), WTI crude oil (16.33%) and Brent crude oil (14.88%). A total of 9 commodities decreased month on month, and 6 commodities decreased by more than 5%, accounting for 37.5% of the monitored commodities in this sector; The products with the top three declines were liquefied natural gas (- 30.46%), thermal coal (- 24.19%) and methanol (- 14.26%). The average rise and fall this month was – 3.2%.
The trend of international crude oil price is upward, which drives the atmosphere of asphalt futures market in the short term. In terms of spot, it is driven by conventional demand. With the change of weather, the demand may fall into a stalemate. Asphalt analysts of business society expect that the domestic asphalt market will be mainly consolidated.
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