SunSirs: Narrow Fluctuation of China Asphalt Market on September 29

https://www.chemnet.com   Sep 30,2022 SunSirs

According to the monitoring data of SunSirs, the average market price of the manufacturers of petroleum asphalt in Shandong Province on September 29 was 4,472 yuan/ton, up 0.42% from the previous working day and 26.48% year on year. On September 29, the closing price of asphalt futures market was 3,890 yuan/ton, up 155 or 4.15% from the previous trading day.

In terms of spot goods, the supply of goods in some regions is tight, driving the market higher. Downstream terminal projects were speeded up, and the demand for goods preparation before the festival was concentrated, which led to a substantial increase in shipments.

The short-term China domestic asphalt market is mainly consolidated.

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