| Months | 1st Week | 2nd Week |
|---|---|---|
| January | 330-335 | 330-335 |
| February | 350-360 | 340-350 |
| March | 340-345 | 350-355 |
| April | 355-360 | 350-355 |
Will bitumen price increase in 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 is the price difference between suppliers of bitumen?
The price of suppliers usually varies from 5 to 10$ compared to the balanced market price. If the price difference of the suppliers is less than 5 to 10$, the quality of the bitumen should be evaluated or it may be from an uncertain origin.
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
How does VB price affect bitumen prices?
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. The below-mentioned items affect straightly on the Vacuum Bottom.
What is bitumen price?
IOCL Bitumen PriceBulk BitumenPrice (in Rs.)VG 40 (30/40)56603Packed BitumenPrice (in Rs.)VG 10 (80/100)57054VG 30 (60/70)578543 more rows
Who makes bitumen in India?
Hindustan Petroleum Corporation Ltd. 8.6. Tiki Tar Industries India Ltd.
What is bulk bitumen and packed 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.
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.18-May-2016
How much is a drum of bitumen?
Bitumen Drum at Rs 2450/piece | Bitumen Drums | ID: 11596364812.
What is VG 10 bitumen?
VG-10 bitumen is the softest grade of viscosity bitumen. It has a better performance in cold weather thus it is suitable for paving roads in a cold climate instead of the old 80/100 penetration grade bitumen. The air temperature that matches VG-10 bitumen ranges from -100C to 250C.
What is packed bitumen?
The intermediate bulkcontainer (IBC) is intended for packing, transportation and storage of oil bitumen, bitumen compositions, raw materials for production of bitumen, tar, mastics and other similar petroleum products with a softening point not lower than 35C. ...
How do you transport bitumen?
The pure bitumen is heated so it can be poured into modified shipping containers, where it then solidifies when it cools. It is then shipped by train and put onto container ships. When it reaches its destination, the bitumen is heated to allow to flow into a refinery.26-Sept-2019
What is the meaning of 60 70 bitumen?
The penetration of Bitumen is used to measure its grade. It is reported as a penetration value of mm/10. Bitumen penetration grade 60/70 means the penetration value is in the range 60 to 70 at standard test conditions which commonly used as a Paving Grade.
What bitumen is used for?
Bituminous materials are used for road construction, roofing, waterproofing, and other applications. For the main application, which is road construction, the major concerns, as with concrete, are cost and durability.
Is asphalt and bitumen same?
Bitumen is actually the liquid binder that holds asphalt together. The term bitumen is often mistakenly used to describe asphalt. A bitumen-sealed road has a layer of bitumen sprayed and then covered with an aggregate. This is then repeated to give a two-coat seal.
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.
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 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.
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 sulfur content of crude oil?
Sour crude oil : Oil with a sulfur content of more than 0.5%.
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.
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.
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.
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.