Source: Jintou.com
According to the business agency monitoring data, from 9 to 16 September, the domestic market at the beginning of the weekasphaltProducers’ average spot price in Shandong was 4,455 yuan / ton and the weekend price was 4,432 yuan / ton, down 0.51% during the week, down 0.61% on a monthly basis and up 27.92% on an annual basis.
This week, domestic bitumen prices fell steadily and slightly and the overall market weakened. The recent weak crude oil operation, coupled with the influence of typhoon weather, has caused low-end prices to drop. In the short term, the internal asphalt market may fluctuate weakly.
With the relief of the typhoon and rain, demand in some areas is expected to gradually recover. Rush work request is acceptable and the overall shipment still has some support. Asphalt analysts from the business community predict that the domestic asphalt market in the short term will mainly be resolved.
(Article Source: Business Club)
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