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 3420 yuan / ton, which is the same as that of last week.

2、 Analysis of influencing factors

Product: this week, the international oil price has basically finished bottoming out, showing a shock recovery market. But at present, the asphalt market is in the off-season stage, the demand of asphalt market has not been greatly improved, the overall demand of the terminal is still poor, and the asphalt market is stable this week.

Industry chain: the impact of China’s epidemic on the international crude oil market is weakening, and China’s crude oil demand has improved. Most of the other producers except Russia support the reduction, but the EIA crude oil inventory increased by 415000 barrels in the week of February 14. This week, the international crude oil market has basically completed bottoming out, showing a shock recovery market.

Asphalt Market: the impact of China’s epidemic is gradually reduced, but the resumption of asphalt road projects is not optimistic, and the overall demand for terminals is still poor. At present, the return to work rate of asphalt terminal enterprises will gradually increase, and the growth rate of asphalt demand is relatively slow. The asphalt prices of refineries in Shandong and Hebei maintain a periodic low point; in Northeast China, although the asphalt prices fell slightly this week; in the southern market, Sinopec’s Asphalt prices have not been adjusted after the festival, and the market prices remain stable.

3、 Future forecast

Lu Xingjun, an asphalt analyst with business club, believes that: the international crude oil market is on the rise, the asphalt production cost is rising, and the asphalt prices are relatively low in all regions. With the resumption of asphalt road projects increasing, it is expected that the asphalt market price will probably push up in the near future.