The price of asphalt in some areas of Sinopec rose sharply. The price of asphalt in Shandong increased by 100 yuan / ton, and that in South China increased by 50 yuan / ton, which led to a narrow upward trend in the domestic asphalt market. According to the monitoring data of the business agency, as of July 7, the average spot price of domestic asphalt was 34601 yuan / ton, with a month on month increase of 5.49% and a year-on-year increase of 41.95%.

On July 7, the main contract 2109 of petroleum asphalt futures opened and closed at 3416 yuan / ton, down 4.21%. The sharp decline of international crude oil led to the downward trend of asphalt futures. The enthusiasm of some current companies to sell their sources of goods has increased. The downstream receiving strength is not strong, and the price of asphalt futures is mainly adjusted in a weak way.

Some refineries started to reduce the load to drive the supply downward, the overall resource concentration is slightly higher, the market low-cost resources are limited, business community asphalt analysts predict that the asphalt spot market is mainly strong in the short term.