The spot market price of asphalt continued to decline this week, mainly because of the end of demand, the refinery reduced the price for shipment, and the downstream factories mainly purchased on demand. The actual delivery atmosphere was not good.

According to the monitoring data of the business community, from November 4 to 7, the average spot price of domestic asphalt manufacturers in Shandong was 4285 yuan/ton at the beginning of the week, and 4163 yuan/ton at the weekend. During the cycle, the price fell 2.83%, the price fell 6.96% month on month, and rose 19.37% year on year.

It can be seen from the comparison chart of the price trends of crude oil and asphalt in the business community that the price trends of brent crude oil and asphalt are different before and after November 1. Before November 1, the trends of the two are roughly the same. After November 1, the trends of the two are in contrast, with crude oil rising while asphalt continuing to decline. It can be concluded that the main factor influencing the asphalt price trend in the near future is not crude oil, but other aspects, such as supply and demand.

It can be seen from the price rise and fall chart of the asphalt industry chain of the business community that the prices of the whole industry chain fell in the past month, including crude oil (- 0.17%), asphalt (- 6.96%), and activated carbon (- 1.23%); The products with increased prices include coal tar (1.85%).

The weekly K column chart of domestic asphalt production price of the business agency shows that the asphalt market has been dominated by narrow shocks in the past two months, and the decline in the past two Mondays is more obvious.

At present, asphalt supply is relatively stable; From the demand side, the road demand may be limited due to weather conditions. Business agency asphalt analysts expect that the short-term domestic asphalt market will be dominated by downturn.