Crude oil remained mainly in a narrow range, with no obvious positive support for Fundamentals, and its short-term boost to the asphalt market was limited. According to the monitoring data of business agency, from August 30 to September 6, the average spot price of domestic asphalt fell from 3393 yuan / ton to 3376 yuan / ton. During the cycle, the price fell by 0.49%, the price fell by 1.07% month on month, and the year-on-year increase was 32.81%.
From the supply side, qilingnan, the main production area in Shandong, has stable production, driving the increase of construction in the area. The recent rainy weather, the overall shipment situation is general, and the factory and warehouse continue to increase; On the demand side, due to the impact of environmental protection inspection in some areas recently, the progress of terminal projects has slowed down, and most operators mainly purchase on demand.
On the supply side, the overall supply has not changed significantly yet and remains stable; From the demand side, rainfall in some areas has a certain obstacle to rigid demand, and it is difficult to have a better expectation of actual demand. Asphalt analysts of business society expect that the domestic asphalt spot market will still be mainly sorted out in the near future.