2008 ASPHALT PRICES
Asphalt Price Adjustment Worksheet - PMPB Complete
Version 1.21, for Asphalt Binder Price Adjustment Procedure NTC dated September 14, 2006.
ASPHALT WEEKLY HIGHLIGHTS
- Asphalt prices remained on a bullish trend in the US – markets assessed higher yet again.
- Polymer allocation by chemical suppliers rolls supply of modified asphalt grades.
- East Coast rack prices continue to increase.
- Soaring asphalt process lead to lagging State price indexes/big premiums on fixed price work.
- Midwest and Rockies wholesale markets assessed higher this week/supply was tight.
- Selling prices in the Toronto, Canada area increase sharply.
- WTI crude oil hit new record levels, then decline.
ROCKY MOUNTAIN MARKET
Rocky Mountain asphalt prices were assessed higher in a number of markets this week, as June prices were no longer available, and uncommitted supply was tight. Retail price assessments moved sharply higher in some areas. The recent reported allocation of polymers by some chemical suppliers was making it extremely difficult for asphalt suppliers to produce modified PG grades. Supply of uncommitted wholesale asphalt barrels was difficult to find. Limited regional wholesale supply was due to recent coker startups and weak refining margins. Wholesale selling prices were higher this week.
In New Mexico, asphalt markets this week were adjusting to some higher July prices from some suppliers, as well as the end of much lower priced June supply. There also were reports of substantial premiums for highly modified asphalt grades, due to the tight availability and higher prices for polymer. Market assessments sharply rose this week. In northern New Mexico, selling prices were mostly reported in a narrowed range, between $575-625/ST for base paving grades. In southern New Mexico, selling prices were assessed between $600-625/ST for base grades. Prices in neighboring West Texas were reported as low as $550/ST, with posted prices as high as$675/ST in Lubbock for PG 64-22.
Parveez
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