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Analysis of asphalt price on August 17, 2016

wallpapers Tech 2020-09-13
According to the

API, US crude oil inventories decreased by 1.07 million barrels to 518.8 million barrels in the week ending August 12; Saudi Arabia's daily crude oil production in July increased from 10.55 million barrels last month to 10.67 million barrels, a record high. As of 5:00 p.m. on August 17, WTI crude oil futures price was 46.14 USD / barrel.

asphalt Futures: on August 15, the main asphalt futures contract of Shanghai Futures Exchange was 1612, opening 2024 and closing 2024, down 0.45% from the settlement price of the previous trading day.

on August 17, the overall price of domestic spot asphalt remained stable, and the ex factory price of local refineries remained stable. Lu Xingjun, an asphalt analyst at the business agency, believed that the international oil price continued to rebound, which helped to boost the bullish sentiment in the asphalt market. However, the domestic asphalt market is mainly stable, and the peak season of traditional asphalt demand shows a weak trend in peak season. However, domestic refineries have obvious intention to raise the ex factory price of asphalt. It is expected that the domestic asphalt price will be stable and strong on August 18.

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