The asphalt market continued to weaken on November 15

According to the monitoring data of the business community, the average market price of the manufacturers of petroleum asphalt in Shandong Province on November 15 was 4142 yuan/ton, down 0.51% from the previous trading day and up 18.01% year on year. On November 15, the main asphalt contract 2301 closed at 3656 yuan/ton in late trading, down 110 or 2.92% from the previous trading day.

 

The international oil price plunged sharply, and the asphalt futures market fell for many days. In terms of spot goods, the supply of asphalt in the domestic market has increased slightly at present, and downstream terminals have purchased on demand. The market price has declined rapidly.

 

Short term spot asphalt prices remain weak.

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