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Analysis of asphalt price on October 17, 2016

wallpapers Tech 2020-08-12

Baker Hughes, a national oil service company, released data on Friday (October 14) that the number of active drilling wells in the US increased by 4 to 432 in the week ending October 14, 2016, with an increase in the 15th week in the past 16 weeks, which is the longest period since oil prices began to plummet in 2014.

OPEC's willingness to freeze production has limited impact on oil prices.

As of 5:00 p.m. on October 17, WTI crude oil futures price was $50.

49/barrel.

Asphalt Futures: on October 17, the main asphalt futures contract of Shanghai Futures Exchange was 1612, opening 1724 and closing 1776, which was 3.

02% higher than the settlement price of the previous trading day.

On October 17, the spot price of domestic asphalt remained stable, and the ex factory price of asphalt from local refineries remained stable.

Lu Xingjun, an asphalt analyst at the business agency, said that the benefits of the freeze production agreement were mixed with the negative effects of the large increase in the number of shale oil drilling platforms in the United States, and the international oil price continued to fluctuate in a narrow range above $50 / barrel.

Shanghai asphalt futures prices rose, asphalt market sentiment has changed, it is expected that the price of asphalt on the 17th will remain stable.

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