SunSirs: Asphalt Market is Affected Severely by the Sharp Drop in International Crude Oil prices

https://www.chemnet.com   May 16,2023

On May 15th, the benchmark price of asphalt for SunSirs was 3740.86 RMB/ton, a decrease of -1.73% compared to the beginning of this month (3806.57 RMB/ton).

According to the Commodity Market Analysis System of SunSirs, the asphalt market has declined in a narrow range. From May 8th to 12th, the price of asphalt in Shandong fell from 3780 RMB/ton to 3740 RMB/ton, a decrease of 1.06%, a month on month decrease of 2.20%, and a year-on-year decrease of 15.32%. Affected by the sharp drop in international crude oil during the holiday, Sinopec's prices have been adjusted, and the main business in the southern region has been lowered by 100-150 RMB/ton. The atmosphere of spot trading is average, and actual transactions are mostly at low levels. The current weak market situation in the asphalt market has been sorted out.

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