If you're tired of the ups and downs of the black system, take a look at the asphalt. Asphalt will not be like coking coal coke in a few minutes soaring and plummeting hundreds of points, asphalt whether it rises or falls is a step by step out, in asphalt futures I see the essence of financial management, stable happiness.
This morning's opening of the market coking coal coke, thermal coal fell again to a halt, Shanghai silver plunged more than a hundred points, glass continued to decline, thread hot coil is plunged more than three hundred points, it can be said that it is a piece of green! But just a little red in this bush caught my attention, and it was also a variety that I had been concerned about for a long time, that is, asphalt.
Asphalt paver worker on Asphalting paver machine
Since the asphalt main force reached the bottom last Friday, it has climbed all the way up to nearly 200 points, which can also be said to be the master of the muffled fortune. As we all know, the price of asphalt is closely related to crude oil, so why can asphalt futures remain firm when crude oil prices begin to collapse?
Here is the werewolf period, a brief analysis of the reasons behind the recent rise in asphalt and the follow-up trend of the view, thank you for watching.
Affected by the black system, recently disturbed by policies, Fa Ge guaranteed supply and stable prices according to law, the domestic commodity market cooled down significantly, the energy varieties generally fell, the black series with chemical varieties fell and stopped the tide, pessimism affected the crude oil system.
Graph percent going up
The fundamentals of asphalt have improved slightly, and recently the domestic weather has begun to improve, and some areas have entered the construction rush stage. After a recent period of rapid downward movement, asphalt futures prices rebounded for two consecutive days.
Supported by the cost side of crude oil to maintain a strong, asphalt prices are expected to continue to be supported by the cost side, but in the short term, oil prices continue to break through the lack of clear positives, price drive may be limited.
From the perspective of asphalt itself, the current spot end is generally stable, the early low-priced resources have been consumed, yesterday Zhejiang Petrochemical received 12 million tons of crude oil quota, and the main refinery is expected to increase production and supply, the situation of tight domestic refined oil supply in the future should be alleviated, which is not good for the production profit of asphalt, but helps to shrink the supply of asphalt.
Zhejiang: Spring to the campus is beautiful
To sum up, in general, the rebound of asphalt seems to have traces to follow, but the support is limited, the rebound is not strong, the follow-up momentum is lacking, the pullback may only be a matter of time, and friends who hold more orders are best to see good and close, you can wait and see first, and the recent period is still dominated by high-level short-term.
That's what I think about the asphalt trend in this issue, what do you think? Welcome to leave a message in the comment area, or discuss with me in a private message, thank you again for watching, we will see you in the next issue!