In 2021, both supply and demand in the domestic petroleum asphalt market will be weak. In the future, companies will need to deeply explore market demand.

Petroleum asphalt refers to a residual oil product obtained directly from the distillation of crude oil in a regular vacuum device. It is a product of the crude oil processing process. Petroleum asphalt appears as a black or dark brown viscous liquid at room temperature and is a hydrocarbon non-hydrocarbon derivative soluble in trichlorethylene. The main production methods include distillation, solvent precipitation, oxidation, blending, emulsification, etc. According to different forms, petroleum asphalt can be divided into liquid asphalt, solid asphalt, emulsion, diluent, modified body, etc.; according to different production methods, it can be divided into oxidized asphalt, emulsified asphalt, deoiled asphalt, etc.

Petroleum asphalt has the characteristics of radiation protection, high temperature resistance, low temperature resistance, good toughness, strong adaptability, stable performance, long service life and strong fatigue resistance. It is used in roads, railways, construction, agriculture, water conservancy, industry, civil and other fields. It is relatively widespread, among which highway construction is the largest application field of petroleum asphalt in China. In recent years, under the background of continuous development of domestic petroleum asphalt application fields, its industry development prospects are good.

However, in 2021, affected by multiple factors such as the recurrence of the domestic COVID-19 epidemic, increased rainy weather, and tightened tax supervision, my country’s petroleum asphalt demand and production have declined significantly. According to data from the National Bureau of Statistics, domestic petroleum asphalt production in 2021 will be 55.517 million tons, a year-on-year decrease of 11.59%; Research Report on Investment Potential and Development Prospects of Petroleum Asphalt Industry” shows that domestic demand for petroleum asphalt in 2021 will be 59.268 million tons, a year-on-year decrease of 14.21%. In 2021, my country’s petroleum asphalt market will show a weak supply and demand pattern.

From the perspective of import and export status, the current domestic petroleum asphalt import and export scale is in a downward trend due to the increase in consumption taxes on the import and export of some oil products. According to data from the General Administration of Customs, as of 2021, my country’s petroleum asphalt imports are 3.2082 million tons, year-on-year. A decrease of 32.65%; the export volume was 552,700 tons, a decrease of 2.60% year-on-year. my country’s energy demand is relatively large. At present, the domestic petroleum asphalt import scale is much larger than the export scale. In recent years, its import and export markets have always been in a trade deficit situation, and the domestic petroleum asphalt market is highly dependent on imports.

Industry Analysis personnel said that my country’s petroleum asphalt industry is currently in a period of industrial upgrading and structural adjustment. In 2021, with the epidemic, weather, Affected by factors such as taxation, the domestic petroleum asphalt market shows a weak supply and demand pattern. At this stage, there are a large number of domestic petroleum asphalt companies, but most of them are small and medium-sized enterprises, and the industry concentration is low. The main companies include Poly Asphalt, Guochuang High-tech, Qunkang Asphalt, Chongqing Chongjiao, etc. Faced with the weak supply and demand situation in the market, local petroleum asphalt companies will continue to make efforts in terms of demand and sales channels in the future, continue to tap the depth of market demand, expand sales channels and depth, and strengthen market development. In the future, the domestic industry is expected to reverse supply and demand. pattern.