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Analysis of asphalt price on July 5, 2016

wallpapers Tech 2020-08-03
From January to June 2016, Russia's crude oil output increased by 2.1%; from January to June 2016, Zhejiang port (excluding Ningbo) imported 150 batches of crude oil with a weight of 12.97 million tons and a value of 3.83 billion US dollars. The batch and weight increased by 56.2% and 38.4% respectively year-on-year, and the import volume reached a record high in the same period. As of 5:00 p.m. on July 5, WTI crude oil futures price was 47.66 USD / barrel, down 2.69% from the previous trading day.

asphalt Futures: on July 5, the main asphalt futures contract of Shanghai Futures Exchange was 1609, opening 2140 and closing 2034, down 3.51% from the settlement price of the previous trading day.

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on July 5, the overall price of domestic asphalt spot was basically stable, while the ex factory price of local refineries remained stable. Lu Xingjun, an asphalt analyst at the business agency, believed that the news of a sharp drop in US crude oil inventories, a slight shock in international oil prices, and the demand for domestic asphalt market needs to be released. It is expected that the domestic asphalt price will remain stable on July 6.


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