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Analysis of asphalt price on July 27, 2016

wallpapers Tech 2020-06-07

as production increases and the number of drilling platforms rises, there are growing concerns that demand will fall below expectations. Analysts believe that any recovery in oil prices may take a year or more in the future. As of July 22, API crude oil inventories in the United States decreased by 827000 barrels, compared with 2.45 million barrels previously expected. As of 5:00 p.m. on July 27, WTI crude oil futures price was 42.70 USD / barrel, down 0.51% from the previous trading day.


asphalt Futures: on July 27, the main contract of asphalt futures in Shanghai Futures Exchange was 1609, which opened in 1994 and closed in 1984, down 0.50% compared with the settlement price of the previous trading day.

  On July 26, the overall price of domestic asphalt spot remained stable, and the ex factory prices of major asphalts remained stable. Lu Xingjun, an asphalt analyst at the business agency, believed that the international oil price continued to drop to $40 / barrel, and the international crude oil market had a lot of negative emotions. However, after all, it entered the peak season of asphalt traditional demand, and domestic refineries had obvious intention to raise the ex factory price of asphalt. It is expected that the domestic asphalt price will rise slightly on July 28 that 's ok.

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