...
M.K. Petro Products India Private Limited.
| Bitumen | Price |
|---|---|
| August '21 | ₹37/Kg |
Is bitumen a petroleum product?
bitumen, dense, highly viscous, petroleum-based hydrocarbon that is found in deposits such as oil sandsand pitch lakes(natural bitumen) or is obtained as a residue of the distillation of crude oil(refined bitumen). In some areas, particularly in the United States, bitumen is often called asphalt, though that name is almost universally used for the road-paving material made from a mixture of gravel, sand, and other fillers in a bituminous binder.
What is conventional paving bitumen?
There are more paving bitumen grades of bitumen like C240 and C320. Bitumen is a viscous product obtained from the refining of crude oil. Bitumen is temperature sensitive, i.e. the material is fluid when heated allowing it to be pumped and sprayed.
What are uses of bitumen?
- Adhesives: They consist of adhesives which bind together all the components without bringing about any positive or negative changes in their properties.
- Waterproof: Bitumen is insoluble in water and can serve as an effective sealant.
- Strong: Though the coarse aggregates are the main load-bearing component in a pavement. ...
What is the penetration test of bitumen?
- The penetration test is used as a measure of consistency. ...
- The test is widely used all over the world for classifying bituminous materials into different grades.
- Depending upon the climatic conditions and type of construction, bitumen of different penetration grade are used. ...
What is the cost of bituminous?
Asphalt is more cost-effective than concrete but requires more maintenance for homeowners. Concrete prices are $119 to $147 per yard. Asphalt lasts 15 to 30 years, while concrete lasts 30 to 40 years....Asphalt prices.UnitPrice rangePer square foot (3” – 5” depth)$0.75 – $2.003 more rows•Dec 17, 2020
How is bitumen sold?
In order to transport the bitumen by pipeline, it is blended with diluent on-site and shipped and sold as diluted bitumen (dil-bit). The process to get the final product to market would be: Acquire the diluent. Transport the diluent to the field.
What is the price of bitumen per barrel?
Bitumen 60/70 price in drum is 260$/MT now still there is chance to drop more.
Where can I get bitumen in Nigeria?
Bitumen is found across Lagos, Ogun, Ondo, and Edo States.
What is the meaning of 60 70 bitumen?
A grade of 60/70 bitumen means the penetration value is in the range 60 to 70 at standard test conditions which usually used as a Paving Grade. Bitumen 60/70 is applicable for the production of asphalt pavements with superior properties and for construction and maintenance of roads.
What affects bitumen price?
The two most important of these factors are the price of oil and the amount of supply and demand in the world. Over the years, the bitumen price has been highly correlated with the oil price. Because bitumen is a by-product of crude oil. Demand in the world also controls the bitumen price.
How many kg is barrel bitumen?
Bitumen Drum BarrelITEMVALUEGROSS WEIGHT OF FULL DRUM192 ± 3 KGDRUM TARE WEIGHT9.5 ± 1 KG (INCLUSIVE OF LID CAP)COLORGLOSSY BLACKWORKMANSHIPDRUMS SUPPLIED WILL BE OF GOOD WORKMANSHIP AND ARE SUFFICIENTLY LEAK-PROOF WHEN FILLED WITH HOT BITUMEN10 more rows
What is the weight of a drum of bitumen?
New Cold Rolled SteelSpecification180 kg Bitumen Drum150 KG bitumen DrumBody Thickness (mm)0.60.6Top/Base Thickness (mm)0.60.6Net Weight (kg) +/-2.5182150Gross Weight (kg) +/-2.51921583 more rows•Aug 1, 2020
What is Bulk bitumen?
Bulk bitumen is the most economical method of exporting bitumen for medium and large scale projects. This type of packing is cheaper than others and it has suitable transportation costs. To know more about the advantages and disadvantages, shipping condition and terms of purchase of bulk bitumen follow the article.
How much is bitumen in Nigeria?
N175/litreThe present price of bitumen is N175/litre which means that Nigeria import about 450,000 tonne of bitumen per annual.
What is the price of bitumen in Nigeria?
Currently, the price of bitumen, particularly the emulsion type in the Nigerian market is N175 per litre. While 100% pure petroleum bitumen with 180 /150kg of weight, packaged in standard new steel drums costs N210, 489.
How much is a ton of asphalt in Nigeria?
$350 per tonneWhat is the average export price for natural bitumen and natural asphalt in Nigeria? In 2020, the average bitumen and asphalt export price amounted to $350 per tonne, standing approx. at the previous year.
How much does bitumen affect the price?
It’s better to know that generally, bitumen packing can affect the total price of bitumen from zero to 20 %. For example, packing of bulk bitumen has no effect on the total price of the product and only the cost of bitumen itself is considered.
How much is bitumen grade 40/50?
Usually, viscosity grade bitumen is more expensive than penetration grades ( 3 to 5 $) and the penetration grade 40/50 usually is 10 $ expensive than penetration grade 60/70 and 80/100. The price of penetration grade 60/70 and 80/100 is the same. Altogether, the base of bitumen price evaluation is the price of penetration grade 60/70.
What is bitumen brokerage?
The bitumen brokerage. The prices of materials that can be used in bitumen industry, for example the rising of steel sheet price impacts on the drum of bitumen and generally affects the cost of bitumen.
What are the three main refineries that qualify the price of Indian bitumen?
Three main refineries that qualify the Price of Indian Bitumen are MRPL, IOCL and BPCL. Generally, Iran bitumen price is lower than the price of bitumen from these refineries. The main issue in India is that producing the bitumen has a high cost due to its process and its transportation, so they prefer to import bitumen from other countries such as ...
Why is bitumen price fluctuating?
The fluctuation of bitumen price is also due to issues such as: Geopolitical tensions. Shipping regulations. Oil price. However, the most important factor is the amount of supply and demand. Since prices are fluctuating, contact us to know the exact price of bitumen.
Will bitumen prices increase in 2021?
Bitumen Price 2021. Bitumen news shows that the price of bitumen will increase in 2021. Therefore, countries insist on purchasing bitumen at lower prices to cover the shortage of their bitumen quickly. Several countries in Africa and Eastern Asia knew that bitumen demand is increasing, so recently they have reserved bitumen.
What are the factors that affect the price of bitumen?
As a matter of fact, various factors affect the latest bitumen price and oil price, the most important of which is the amount of supply, demand, and reports published by international organizations. All impact the final and latest bitumen price of each day.
What is the second most important factor in determining oil prices and the latest bitumen price?
Demand is the second most important factor in determining oil prices and the latest bitumen price. High economic growth has led to an increase in demand for oil, which has changed the pattern of demand in countries around the world.
How does oil affect bitumen?
Oil’s direct effect on the latest bitumen price. Oil has been the driving force behind the world economy for many years. Even today, when most countries are looking for alternative fuels, life without crude oil is unthinkable. Carbon-based fuels are used in light and heavy products.
What are some examples of oil price fluctuations?
The Iranian Revolution, the Iran-Iraq War, the 1973 oil crisis, and the Gulf War are the most important examples. The Asian financial crisis and the global economic crisis of 2008 and 2009 also exacerbated oil price fluctuations. Also, external factors affect the supply of crude oil and the latest bitumen price.
What is the sulfur content of crude oil?
Sour crude oil : Oil with a sulfur content of more than 0.5%.
Is WTI oil cheaper than Brent oil?
WTI oil, which is extracted from the western United States and is sweet and light, is usually a few dollars cheaper than Brent oil. OPEC oil, which is heavier than Brent oil and lighter than WTI oil, is usually priced between WTI oil and Brent oil.Iraq Bitumen price.
What is Tiger Bitumen 60/70 used for?
Tiger Bitumen 60/70 one of the most used bitumen grades and it’s a basic material for all other bituminous products. Specifications.
What is 60/70 asphalt?
This grade of bitumen mainly used in the manufacturing of hot mix asphalt for bases and wearing courses. Tiger Bitumen 60/70 one of the most used bitumen grades and it’s a basic material for all other bituminous products.
How much has bitumen increased in 2021?
Bitumen increased 820 CNY/T or 34.42% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Bitumen reached an all time high of 3934 in March of 2019.
What is bitumen used for?
The most common use is in the road construction and waterproofing products. The contract size is 10 tons/lot.
What is asphalt in construction?
width. height. Preview. Bitumen. Bitumen, also known as asphalt is a black, sticky, and highly viscous liquid or semi-solid form of petroleum. The most common use is in the road construction and waterproofing products. The contract size is 10 tons/lot.