Bitumen Price list 2020 Bitumen price chart 2020 In the first quarter of 2020, since the start of the pandemic, the bitumen price of the middle east had fallen from $ 350 to $ 165.
| Months | 1st Week | 3rd Week |
|---|---|---|
| January | 260-280 | 265-275 |
| February | 285-305 | 275-295 |
| March | 270-285 | 230-245 |
| April | 190-200 | 160-170 |
What happened to bitumen prices in 2020?
The outbreak of this pandemic, led to a 30% drop in bitumen prices in the first season of 2020. The whole year was full of ups and downs and unpredictable fluctuations, the last month of 2020, was the peak of these fluctuations and increasing in vacuum bottom price. 2020 was a difficult year for the economy.
What is included in the bitumen prices?
Our offered Bitumen prices can be inclusive of comprehensive insurance of the cargo from World Top 20 A1+ rated European insurance companies covering all risks and aspects to avoid any type of losses occurred during the handling of the cargo including loading, transportation and unloading.
What was the lowest value of bitumen this year?
You may be surprised to find that the lowest value of bitumen this year was USD (in September), more than 80 USD. Value change in 2018-2019? prices in comparison to 2018. The year started with the U.S and
Why is bitumen so expensive in India?
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 Iran. In addition to the current IOCL bitumen price table, we have provided a PDF of bulk bitumen prices from the beginning of 2021.
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.
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 bitumen in Kenya?
kenya – Mombasa Bitumen Price 2022WeeksAprilJune1st week590-600545-5552nd week585-595540-5553rd week570-5851 more row
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.
How much is asphalt per ton in Nigeria?
$4,921 per tonneat the previous year. What is the average import price for natural bitumen and natural asphalt in Nigeria? In 2020, the average bitumen and asphalt import price amounted to $4,921 per tonne, with an increase of 384% against the previous year.
How much is bitumen worth?
The Bitumen market was valued at around US$ 51,429.5 million in 2021 and is expected to exceed US$ 65,829.2 million, by 2028....Report AttributeDetailsBase Year2021Forecast Years2022-20287 more rows•Apr 12, 2022
What is bitumen distributor?
Bitumen pressure distributor are used for uniformly spraying of hot asphalt cement on the road before the hot mix asphalt is laid. When hot bitumen is sprayed on the road, it acts as a binding agent between the road surface and the material and helps the HMA to gel with the surface quickly.
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.
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.
What happened to bitumen in 2019?
In June and May, Persian Gulf ship attacks, Iranian shoot-down of U.S. drone, British, and Iranian tanker seizures set a price record for 2019. The last geopolitical incident that could shake up the bitumen price in the. Middle East, was the Attacks on Saudi Aramco oil facilities, in September.
Where does bitumen come from?
They mainly derived bitumen from the vacuum bottom 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 influential in bitumen and other petrochemical costs.
What was the decision of OPEC in May 2018?
in May 2018 was OPEC’s decision to condense the production of crude oil. Overall, the variations of bitumen prices reached their highest level during 2018. You may be surprised to find that the lowest value of bitumen this year was
When did Brent crude oil hit $35?
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.
Is bitumen going down in 2019?
Despite the bitumen Market demonstration in 2019, bitumen prices went. through a surprising slowdown in the second half of the year. In October, the bitumen Market began to lose its value, as a result of the. International Maritime Organization’s decision to set new shipping fuel standards.
Does oil price change in the Middle East?
As we all know, as the oil value changes, the price will change undeniably. Generally, the prices in the Middle East have more fluctuations, since the U.S has more conflict with Asian countries such as China, Iraq, etc. However, European countries have complications in their economy and prices.
Does bitumen affect other particularities?
Therefore, this is a generally complicated matter that needs accurate analysis and forecasts. Subsequently, the bitumen price itself will affect some other particularities. and elements to some extent. In other words, whereas some matters impact. the bitumen price, the bitumen price itself causes some changes in some.
What is the payment option for Bitumen?
We offer several flexible payment options to our regular Bitumen Buyers, including Letter of Credit at Sight, 30% Advance and 70% on the presentation of Original documents, 50% Advance and 50% on Fax/Email of Copy documents; credit line option is also available for our regular buyers.
What is a penetrating bitumen?
Penetration Bitumen Grade is a Semi Hard Penetration Grade Bitumen which is used as Paving Grade Bitumen and it is suitable for Road Construction and Repair. It is also used for the Production of Asphalt Pavements with below Penetration Bitumen Specifications. These Grades of Bitumen mainly used in the Manufacturing of Hot Mix Asphalt for Bases and Wearing courses. Tiger Bitumen Asphalt Grades are one of the most used Bitumen Grades and Basic Material for all other Bituminous products.
What is tigers cement?
TIGER CEMENT LIMITED is the subsidiary of HY International Group (HYG) recognized internationally as a Leading Manufacturers and Exporters of Premium Quality Tiger Ordinary Portland and Asphalt Cement and Tiger BitumenProducts including, Penetration Bitumen, Performance Grades Bitumen, Viscosity Grades Bitumen, Australian Standard Bitumen, Oxidized Bitumen, Cutback Bitumen, Coat Bitumen and Emulsion Bitumen. Our Wide Range of Innovative Bitumen Products are designed and sourced to meet the Challenges of Road Construction, Roofing, Coating, Water Proofing and Airport sectors also, alongside Specialty and Industrial applications. Our Tiger Cement and Tiger Bitumen Products have already captured the substantial share of the Construction Market due to the High Quality, Reliability and Customer satisfaction in Africa and Europe.
Why is bitumen price dropping?
Bitumen Price March 2020. Recently, the price of asphalt dropped sharply, and analysts pointed out that the main reason was the crude oil price. The decline in international crude oil prices and bitumen price March 2020, is mainly due to the pessimistic expectations brought about by the unexpected spread of the new coronavirus in many countries ...
How much did asphalt refineries in China decline in 2020?
To clarify, in March 2020, the operating rate of asphalt refineries in China declined by 2% , refinery inventory by 1%, and social inventory by 7%. The overall inventory is still accumulating, indicating that the terminal demand has not improved significantly for the time being.
When will bitumen prices drop?
The outbreak of this pandemic, led to a 30% drop in bitumen prices in the first season of 2020.
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.
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.
Best Quality Bitumen Membrane Varieties
The best bitumen membrane brand can be found by looking at the specifications and raw materials used in different products.
3mm Bitumen Membrane Price List
We can get prices for bitumen membrane types of stores across the country. A bitumen membrane is sold at reasonable prices on online sites and online stores. These stores are more affordable because they don’t cost a fortune to sell in person. It is cheaper to buy a bitumen membrane than them.
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.
What are oil companies affected by?
Thus, it can be said that oil companies and oil-rich countries are strongly affected by changes in the market and the fall in oil prices and the latest bitumen price.
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 the factors that determine the demand for oil and bitumen?
Population growth, seasonal changes , and transportation are other factors that determine the oil and bitumen demands. Regularly, oil consumption rises during the travel season and in the winter.
What are the factors that determine oil prices?
Reports are the third factor determining oil prices and the latest bitumen price. Reports on production, overcapacity, pricing, and investment are other factors determining crude oil prices.
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.