The seasonal off-season of asphalt itself overlaps the high domestic asphalt operating rate, and the domestic asphalt market price is under pressure. According to the price monitoring data of the business agency, on June 19, the asphalt price was reported as 2300 yuan / ton, down 1.08% compared with that at the beginning of the week.

The data shows that the operation rate of domestic asphalt plant has increased from 61% to 65% in recent years, and the asphalt supply in South China, East China, Shandong and northwest regions has increased. In May, the total output of domestic asphalt was close to 2.8 million tons; the monthly growth rate was more than 300000 tons, and the quantity of imported asphalt in May was about 440000 tons, which was basically the same on a month on month basis. In June, Sinopec and its refineries are expected to maintain a high level of construction, and the market supply pressure will not be reduced.

The high supply of asphalt market meets the low seasonal demand of asphalt. In the near future, the demand in Shandong and North China is stable, and the users in the middle and lower reaches purchase on demand; the rainy weather in East China limits the construction and terminal demand, and the shipment of refineries and traders slows down. The weather in Northeast and Northwest China is good, there are many terminal road construction projects, and asphalt needs to be supported.

This week, the international crude oil price is in the rebound trend after the fall, but the recent international crude oil market is not good enough to follow up, and the international oil price cannot exceed $40 / barrel. From the news point of view, the crude oil market does not have any effective direction guidance for the time being, and the market is worried about the second outbreak of the epidemic, so it is not optimistic about the crude oil market. The asphalt market will lose the support of cost and price.

Business analysts believe that the short-term international oil price is under great pressure at the $40 / barrel level, and the asphalt supply shows no signs of reducing, and it is expected that the domestic asphalt price will continue to bear downward pressure.