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Analysis of asphalt price on September 21, 2016

wallpapers Tech 2020-08-16

in July, Saudi Arabia's crude oil exports soared to a record high, deepening the global oversupply; the global oversupply of crude oil may continue until the first half of 2017. As of 5:00 p.m. on September 21, WTI crude oil futures price was 44.98 USD / barrel.

asphalt Futures: on September 21, the main asphalt futures contract of Shanghai Futures Exchange was 1612, opening 1842 and closing 1832, down 0.65% from the settlement price of the previous trading day.

  On September 21, the overall price of domestic asphalt spot remained weak, while that of local refineries remained stable. Lu Xingjun, an asphalt analyst at the business agency, said that on September 21, the international crude oil market entered a short-term shock, and the "golden nine silver ten" demand peak season was not brisk, coupled with the market supply surplus, it was difficult to boost the asphalt market upward. It is expected that the domestic asphalt price will remain stable and weak on September 21.

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