According to the monitoring data of SunSirs, from September 9 to 16, the average spot price of domestic asphalt manufacturers in Shandong was 4,455 RMB/ ton at the beginning of the week, and 4,432 RMB/ ton at the weekend. The price dropped 0.51% in the week, 0.61% month on month, and 27.92% year on year.
Last week, the domestic asphalt price was stable and fell slightly, and the overall market weakened. In recent years, the crude oil has been operating in a weak way, and the low-end quotation has declined due to the impact of typhoon weather. In the short term, the domestic asphalt market may be weak.
With the relief of typhoon and rainfall, the demand in some areas is expected to gradually recover. The demand for expediting is fair, and the overall shipment still has some support. SunSirs asphalt analysts expect that the short-term China domestic asphalt market will mainly be sorted out.
