Asphalt Weekly Monitor
March 28
- The tariff situation between the US, Canada and Mexico (and other nations) is concerning market participants, but some clarity on it is anticipated on April 2.
- On Friday, the U.S. Administration said Chevron and Global Oil licenses for Venezuelan oil imports to the U.S. will end on May 27.
- East Coast asphalt and flux rack assessments are steady throughout the region.
- Asphalt and flux barge ranges on the East Coast are static, with markets quiet this week.
- Midwest wholesale asphalt markets firmed for both barges and rail for April. Flux prices are flat.
- Midwest rack markets were unchanged and mostly inactive, awaiting better paving conditions.
- Gulf Coast rack asphalt and flux pricing was stable across the region with liftings mostly good.
- Gulf Coast asphalt and flux barge assessments are flat, with asphalt and flux rail pricing also static.
- Rocky Mountain racks were flat in all but one location. Activity was still very limited.
- Rockies’ wholesale prices were mixed. Some held flat, others were reported lower for April supply.
- In the West Coast, both Pacific Northwest and California locations were steady.
- In western Canada, both retail and wholesale markets were status quo.
- In eastern Canada, both Quebec and Ontario market price assessments are flat this week.
- Oil prices were higher for all benchmark grades this week.
