For the supply of spot asphalt, we mainly pay attention to the policies of OPEC members on crude oil exploitation, which is also an important news level that we should pay attention to. As for his demand, it mainly comes from developing countries, such as China, Indian and so on. For example, when the futures price is higher than the spot price, the increase of commercial inventory will stimulate the spot price to rise (the spot asphalt price will also rise), on the contrary, it will push the spot price down.

Second, the International Energy Agency's market intervention

Maybe many people don't know what IEA is. IEA is an international energy agency dedicated to preventing fluctuations in crude oil supply. This organization is very powerful and can change the market structure in a short time. The impact on us is to change the price of spot asphalt.

Three. Exchange rate change

This is also a factor that directly changes the spot asphalt price. I don't need to say that everyone can understand. There is a negative correlation between the price change of spot asphalt and the exchange rate change of US dollar and major international currencies, and the rise of US dollar puts pressure on spot asphalt settled in US dollar. When geopolitics is in turmoil, spot asphalt is positively correlated with the US dollar. The two can be said to complement each other.

Fourth: tax policy

The tax policy of local government will directly affect the profit of asphalt production, thus affecting the output.