SunSirs: Weak Demand, China Asphalt Market was in Shock Consolidation

　　On August 6, the main contract 2109 for the opening of petroleum asphalt futures, closed up 2.92%, with a good rise. According to the monitoring data of SunSirs, as of August 6, the average spot price of domestic asphalt was 3,413 RMB/ ton, with a month on month decrease of 1.95% and a year-on-year increase of 33.86%.

　　In the spot asphalt market, with the improvement of the weather, the downstream has resumed normal construction, and the demand is slowly recovering and improving. At present, the international crude oil price has dropped significantly, the asphalt futures spot market is relatively resistant to decline, and there are even signs of a narrow recovery.

　　At present, the operating rate of the whole asphalt industry is low, and the supply of goods is good for the future. SunSirs asphalt analysts believe China domestic asphalt spot market is expected to be dominated by high-level consolidation in the near future.