Bitumen Price
Latest Jey Embossed and Pasargad
Embossed Bitumen Price 2024
USD/MT
364-369
21 August - 25 August
Special Offer for August 2024
USD/MT
372
21 August - 25 August
Bitumen 60/70 New Steel Drum CFR Port Klang
Malaysia
Special offer
Latest Bitumen Price
Bulk Bitumen 60/70
FOB Singapore
494-499 USD/MT
21 August – 25 August
Special Offer for August 2024
USD/MT
392
21 August - 25 August
Bitumen 60/70 New Steel Drum CFR Ho Chi Minh
Vietnam
Special offer
Latest Iran Bitumen Price FOB
Private New Steel Drum 2024
USD/MT
356-361
21 August - 25 August
Special Offer for August 2024
USD/MT
549
21 August - 25 August
Bitumen 60/70 New Steel Drum CFR Durban South
Africa
Special offer
Bitumen Price
Bitumen is a vital and highly applicable material for many
industries and most countries.
It has many types and grades, each with various
applica"ons and uses. Moreover, every region chooses the
appropriate grades according to its climate condi"on and
urban context.
Definitely, the price of each type differs from another. You
can check the prices for your desired des"na"on on our
website.
The bitumen price and its process are two highlighted
factors. Why is this so? To answer this ques"on, we should
refer to factors such as the oil price, Petrochemical
products demands, and the different market condi"ons.
All will affect the bitumen price. Therefore, this is a
complicated ma$er that needs accurate analysis and
forecasts. Subsequently, the bitumen price itself will affect
some other par"culari"es and elements to some extent.
In other words, some ma$ers impact the bitumen price,
and the bitumen price causes changes in some trades and
schemes.
Bitumen Price List Today
FOB Jebel Ali
Bitumen Grade
Bitumen Price
(Drum)
USD
Bitumen 60/70 438-443$
Bitumen
356-361$
80/100
Bitumen 40/50 359-364$
Bitumen VG 10 356-361$
Bitumen VG 30 356-361$
Bitumen VG 40 359-364$
60/70 SPOT
334-339$
Test Posi"ve
21 – 25 August 2024
FOB Jebel Ali
Bitumen Price Bitumen Price
USD
Bitumen Jumbo
bag 1 MT in 346-349$
Steel Cage
Bitumen Jumbo
341-346$
bag 300 Kg
Bulk Bitumen
60/80 FOB 410-415$
Korea
HSFO 380 CST
442-443$
FOB Singapore
SPOT Test
Posi"ve (Iraq 334-339$
Bitumen)
21 – 25 August 2024
What Items Affect Bitumen Price?
They mainly derived bitumen from the vacuum
bo$om in oil refineries. Bitumen manufacturers
refer to it as the heaviest part of crude oil, which
is the base material for producing bitumen.
Therefore, the VB price is extremely influen"al
in bitumen and other petrochemical costs. The
below men"oned items affect straightly on the
Vacuum Bo$om.
(VB) Price
Fuel price
Crude oil price
Poli"cal circumstances
Currency rates equality
Bitumen demand and supply rates in the market,
and the rate of demands on the hot season of
the year when construc"ons are increased.
These details are responsible for the vacuum
bo$om price moves. Look at the figures below
to learn be$er.
Average annual OPEC crude oil price 2017: 52.51
USD
annual OPEC crude oil price 2018: 69.78 USD
Average OPEC crude oil price 2019: 63.83 USD
Bitumen Value Change in 2019-2020?
2020 was a pre$y challenging year regarding the
coronavirus crisis and the economic depression. Before
the Coronavirus pandemic, Brent crude oil rose to its
highest level in the first four months of 2020, reaching $70
on January 6.
With the contagion of the Coronavirus in the Middle East
and Europe,
as well as the closure of China’s borders, Brent crude oil
hit $35 on March 9, and Brent oil has been declining since
then, reaching $9 on April 21. WTI oil price changes have
followed a similar trend. On January 6, WTI oil reached
$63, the highest price in the current year. Two falls in the
prices occurred on March 9 and April 21. They recorded
the minimum WTI oil price at $11 on April 21, 2020.
Moreover, OPEC’s highest oil price in 2020 was recorded
on January 6 at $70. The lowest price for this oil on April
22 was $12. On March 10, a $13 drop in OPEC oil
happened.
All the fluctua"ons men"oned above resulted from the
coronavirus crisis. As we all know, the price will change
undeniably as the oil value changes.
Generally, the prices in the Middle East have more
fluctua"ons since the U.S. has more conflict with Asian
countries such as China, Iraq, etc. However, European
countries have complica"ons in their economy and prices.
Up to now, we have discussed the varia"ons in bitumen
price,
prac"cal items on this subject and the price trends since
2017.
Bitumen Price 2021
Besides, we men"oned the fact that global events can also
have a significant impact on the bitumen and oil market.
For instance, the coronavirus crisis had a no"ceable
influence on the market. However, this is not the en"re
story since we will see further changes in the future
market.Bitumen price List 2022
A Brief Look at 2022:
The world couldn’t reach the economic growth we had
forecast for it in 2022. Therefore, bitumen consump"on
did not reach the expected level.
To explain more, different events like the Ukraine-Russa
war and corona pandemic caused to increase and
decrease in bitumen price respec"vely. However, the
average bitumen price in 2022 was more than 2 past
years.
A Vision of 2023
The financial Organiza"on es"mates that the price of
crude oil will increase and as a result, the price of bitumen
will also increase.
Exchange rate, economic growth, and condi"ons in each
region are all factors that can affect the price of crude oil
and petroleum products. but the important ma$er is that
the projects relate to bitumen and asphalt will con"nue in
the new year in east Asia and Africa unless special events
lead to stopping them.
If nothing special happens in 2023 and oil remains in the
current range, the bitumen price trend will probably not
decrease and the request will be evaluated based on the
country’s economic growth.
Therefore, the economic growth of the country will be a
determining factor in the price of oil, bitumen, and the
consump"on of petroleum products.
Contact us
Bitumenprice 2018-2024
Con$dentialité - Conditions
