Analysis of asphalt price on August 15, 2016

World oil consumption is expected to increase by 1.

2 million barrels / day in 2017, and oil consumption will reach 97.

5 million barrels / day, according to the French "echo" website on August 12.

Romanian media: OMV oil company will close another 250 wells.

As of 5:00 p.m. on August 15, WTI crude oil futures price was 44.

98 USD / barrel, up 1.

08% from the previous trading day.

Asphalt Futures: on August 15, the main asphalt futures contract of Shanghai Futures Exchange opened 2022 and closed at 2038, up 1.

60% from the settlement price of the previous trading day.

On August 15, the overall price of domestic spot asphalt remained stable, while the ex factory price of individual refineries remained stable.

Lu Xingjun, an asphalt analyst at the business agency, believed that the international oil price rebounded for several days, which helped to boost the bullish sentiment in the asphalt market.

At present, the domestic asphalt market is affected by the high output and high inventory of asphalt, and the traditional peak season of asphalt demand shows a trend of sluggish in the peak season.

However, domestic refineries have obvious intention to raise the ex factory price of asphalt.

In addition, the international oil price continues to rebound and rise.

It is expected that the domestic asphalt price will be stable and strong on August 16.

TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please Conatct Us.