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Analysis of asphalt price on August 8, 2016

wallpapers Tech 2020-10-06

according to foreign media disclosure, Venezuela and Ecuador and other OPEC member states intend to restart the frozen production negotiations in September this year to set new limits on oil production; former Federal Reserve Chairman Greenspan: oil prices may have bottomed out at $40. As of 5:00 p.m. on August 8, WTI crude oil futures price was 42.36 USD / barrel, up 1.32% from the previous trading day.


asphalt Futures: on August 8, the main asphalt futures contract of Shanghai Futures Exchange was 1609, opening 1864 and closing 1864, which was 0.11% higher than the settlement price of the previous trading day.

  On August 8, the overall price of domestic spot asphalt remained stable, and the ex factory prices of major asphalts remained stable. Lu Xingjun, an asphalt analyst at the business agency, said that the rebound mode was started after the international oil price fell to around $40 / barrel, but the price of imported asphalt decreased slightly by $5 / T. at present, the domestic asphalt market is stable, and has entered the peak season of traditional asphalt demand, and domestic refineries are exporting asphalt It is expected that the domestic asphalt price will remain stable and strong on August 9.

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