Home > Tech > Analysis of asphalt price on June 29, 2016

Analysis of asphalt price on June 29, 2016

wallpapers Tech 2020-10-10

At 4:30 a.m. Beijing time on Wednesday (June 29), data released by the American Petroleum Institute (API) showed that as of June 24, the US API crude oil inventory fell by 3.

86 million barrels.

German Commercial Bank: the impact of brexit on crude oil will be limited.

As of 5:00 p.m. on June 28, WTI crude oil futures price was 48.

47 USD / barrel, up 2.

39% from the previous trading day.

Asphalt Futures: on June 29, Shanghai Futures Exchange asphalt futures main contract 1609, opened 2036, closed 2062, up 1.

20% from the settlement price of the previous trading day.

On June 29, the overall spot price of domestic asphalt was basically stable, while the ex factory price of refinery asphalt remained stable.

Lu Xingjun, an asphalt analyst at business agency, believed that API crude oil inventory in the United States dropped by 3.

86 million barrels, prompting a slight rebound of international crude oil, but it is unlikely to continue to rise.

At the same time, the price of imported asphalt is stable, and the domestic asphalt market demand is weak.

It is expected that the domestic asphalt price will remain stable on June 30.

Say something
  • All comments(0)
    No comment yet. Please say something!