Slow demand start March asphalt output up

　According to monitoring data show that: 2022 February domestic road asphalt total production of about 1.569 million tons, 2.002 million tons in January, down 433,000 tons, or 21.62%, compared with 2.131 million tons last year, down 562,000 tons, a drop of 26.37%.

 　It is believed that the February production ring decline, on the one hand, is the traditional Lunar New Year, coupled with the Winter Olympics and the impact of the two sessions, part of Shandong, Hebei refinery to maintain a low load or stop production, on the other hand, asphalt processing profits are still at a low level, refinery production is not high motivation, driving the ring production continued to decline.

　　Asphalt production by nature of the enterprise to see the proportion of February Sinopec production 530,000 tons, accounting for 34% of total production, down 14.65% compared with January; PetroChina production 214,000 tons, accounting for 14% of total production, down 34.76% compared with January; local refinery production 731,000 tons, accounting for 46% of total production, down 21.31% compared with January, CNOOC production 94,000 tonnes, accounting for 6% of total production, down 34.76% from January.

　　According to monitoring data, according to the group production ring change, ground refining, Hebei area overall production is low, mainly because some refineries in February basically shut down maintenance, only individual refineries stage production of asphalt, in the head of the refinery scheduling lower, are driven by a significant decline in production.

　　 March refineries in Hebei area to resume work, but the slow start of demand, coupled with the epidemic transport restrictions, is expected to March asphalt Production is expected to increase in March, although it is still expected to decline year-on-year.