The international crude oil price was blocked, the weather turned cold, the asphalt demand of terminal road engineering remained low, the overall performance of domestic asphalt market was stable, and the asphalt price was stable. According to the price monitoring data of the business association, the asphalt price on January 22 was 2535 yuan / ton, up 0.40% from the beginning of the week.

Recently, many media or countries have raised the international oil price forecast for 2021, but the IEA lowered the crude oil demand forecast for 2021. The EIA crude oil inventory increased by 4.351 million barrels, which hindered the rising trend of international oil price this week. WTI crude oil price fell by 0.29% and Brent crude oil price rose by 0.56%.

Affected by low temperature weather, domestic asphalt market demand remains low. The demand for asphalt in the southern region is basically stable, but the demand for asphalt will further decline as the Spring Festival holiday approaches; the demand for roads in the northern region is basically over, and some refineries switch to coking and waterproof asphalt, and there is no large-scale demand for winter storage. On the whole, the domestic asphalt market entered the off-season demand, and the domestic asphalt price remained stable.

Analysts from business news agency believe that the upward trend of international crude oil price is blocked, and the domestic asphalt demand enters the off-season, so the domestic asphalt price is expected to be stable.