International crude oil demand is expected to decline and crude oil prices will decline. And asphalt market demand peak season for asphalt price support is insufficient, domestic asphalt price fell slightly. According to the price monitoring data of the business agency, the asphalt price was reported at 2325 yuan / ton on September 25, down 2.82% from the beginning of the month.

This week’s EIA data showed that the US crude oil inventory continued to decline, which was good for the international crude oil price; however, negative news such as OPEC’s international discount sales of crude oil, the reduction of crude oil price expectations by Barkley and other institutions, the resumption of production of Libya’s crude oil and the aggravation of the epidemic situation in Europe continue to stimulate the international crude oil market. ETI crude oil prices fell 2.59% this week, while Brent crude oil prices fell 2.29%.

Recently, the weather in most areas such as northeast, North China and Northwest China is sunny, which is suitable for project start-up. In addition, some terminal projects are speeding up. As a whole, the rigid demand for asphalt has increased steadily. There is still a certain amount of rainfall in East China, South China and southwest China, and the demand for asphalt rigidity has not increased significantly. However, the operating rate of domestic asphalt plant remains high, and the domestic asphalt supply is sufficient. From January to August 2020, the total domestic asphalt production will reach 20.4994 million tons, with a year-on-year increase of 2.071 million tons or 10.85%. The international crude oil price has been under constant pressure. The industry is not optimistic about the late price of asphalt. The downstream companies maintain the rhythm of low price and on-demand procurement, and refineries mostly use price reduction and promotion to remove inventory. The market price of asphalt has been continuously lowered.

According to the analysts of the business agency, the international crude oil demand is not expected to be good, the crude oil price is weak, and entering the “golden nine silver ten” asphalt traditional demand peak season, the support for the asphalt price is limited, and the asphalt price is expected to fall steadily and slightly.