First, the price of asphalt is open and transparent; the second is to provide effective risk management tools for asphalt enterprises to meet the needs of enterprises to avoid risks, help users avoid the risk of changes in road construction costs, and ensure smooth traffic roads in my country. The third is to further improve the series of petrochemical commodity futures that affect the price of petroleum asphalt futures. Generally speaking, the following factors are the main factors.
1. Macroeconomics
Changes in the macroeconomic environment will also have a potential impact on asphalt prices. From the perspective of the impact mechanism, when the national economy grows rapidly, the demand for transportation increases. On the contrary, when the national economic growth is unfavorable, due to the decline in transportation demand and insufficient construction funds, the construction of new road facilities will decrease, and the demand for petroleum asphalt will decline, and its price will also be suppressed.
2. Crude oil prices fluctuated
Crude oil price is the main factor that determines the cost of petroleum bitumen production. Petroleum bitumen is the residue after the distillation of crude oil and has a high correlation with crude oil. From the perspective of the impact mechanism, when the price of crude oil rises, the cost of raw materials for the production of petroleum asphalt increases; on the contrary, when the price of crude oil falls, the cost of raw materials for the production of petroleum asphalt will decrease.
3. Seasonal factors
The cold winter makes the ground temperature lower than 10 ℃ in most parts of our country. According to the construction requirements of the highway transportation department, mixing and paving cannot be carried out. Therefore, every year after mid-November, most parts of my country will issue a shutdown order and enter the winter storage season. In the coming spring, when the flowers bloom and the ground temperature returns to above 10°C, the paving construction can be restarted. This is April or May of the second year. In this way, 12 months of the year, the sales of petroleum bitumen are basically half the time of use and half the time of winter storage. Therefore, petroleum bitumen prices have obvious seasonal changes.
4. Coking material production
There is another production relationship between coking material and bitumen. Both are obtained through the normal decompression process. If bitumen is produced, coking material cannot be produced, and if coking material is produced, bitumen cannot be produced. Generally, producers will produce bitumen or coking material on a profit basis.
The long-term trend of asphalt prices is mainly driven by the fundamentals of asphalt supply and demand. Since bitumen is a non-renewable resource, the short-term supply elasticity of bitumen is less. Therefore, in the absence of the discovery of new large oil fields and the emergence of major technological innovations, the most important factor affecting the price of asphalt is the world economic development that determines the demand for asphalt. After identifying the main factors affecting asphalt, we will use the short-term opportunities brought by these factors to enter the market from the perspective of long-term investment.
Because the production of asphalt requires large-scale machines such as asphalt mixing plant equipment, if you have such an idea, you can contact us, we can make a complete plan for you, and the price of asphalt mixing plant is also relatively reasonable, quality and after-sales are worth guaranteeing
