Bitumen Price Today | Bitumen Rate in Your Destination
Bitumen Price in Your Destination
Note: The below-mentioned rates are subject to change due to fluctuations of ocean freight and commodity in the market.
To find out the latest price, please contact us.
| Bitumen Price List Today | |
|---|---|
| Bitumen Grade (Drum) | FOB Middle East Price Now ($) |
| 60/70 | 362 ± 3$ |
| 80/100 | 362 ± 3$ |
| 35/50 | 366 ± 3$ |
| VG 10 | 362 ± 3$ |
| VG 30 | 362 ± 3$ |
| VG 40 | 366 ± 3$ |
| 60/70 Positive Spot Test | 334 ± 2$ |
July 15, 2024 | |
Check out Iran Bitumen Price for the most up-to-date information on price trends and importing Iran bitumen.
Visit Bitumen Price in India page to check the latest Bitumen Price in different Indian refineries.
Click to get more details about BPCL, HPCL, and IOCL Bitumen Price and download their bitumen price list pdf:
IOCL Bitumen Price
BPCL Bitumen Price
HPCL Bitumen Price
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Bitumen Price 2024
| Bitumen Price List 2024 (USD/MT) | ||||
|---|---|---|---|---|
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| January | 358-363 | 326-367 | 362-367 | 353-358 |
| February | 362-367 | 353-358 | 354-359 | 354-359 |
| March | 349-354 | 349-354 | 344-349 | 356-361 |
| April | 346-351 | 346-351 | 346-351 | 351-356 |
| May | 354-359 | 354-359 | 354-359 | 354-359 |
| June | 352-357 | 352-357 | 352-357 | 354-359 |
| July | 358-363 | 359-364 | 359-364 | |
Bitumen Price Chart 2024 (New Steel Drum)
Bitumen Price 2020-2023
| Bitumen Price List 2023 (USD/MT) | ||||
|---|---|---|---|---|
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| January | 390-400 | 390-400 | 380-390 | 380-390 |
| February | 390-400 | 385-395 | 390-400 | 390-400 |
| March | 395-405 | 410-420 | 440-450 | 435-445 |
| April | 435-445 | 431-436 | 433-438 | 429-434 |
| May | 418-423 | 399-404 | 397-402 | 384-389 |
| June | 384-389 | 376-381 | 356-361 | 356-361 |
| July | 363-368 | 366-371 | 389-394 | 424-434 |
| August | 432-436 | 432-436 | 422-427 | 416-421 |
| September | 401-406 | 418-422 | 418-422 | 422-427 |
| October | 422-427 | 418-422 | 410-416 | 401-406 |
| November | 411-416 | 411-416 | 394-399 | 384-389 |
| December | 376-381 | 366-371 | 366-371 | 362-367 |
Bitumen Price 2023 (New Steel Drum)
| Bitumen Price List 2022 (USD/MT) | ||||
|---|---|---|---|---|
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| January | 385-395 | 395-405 | 405-420 | 420-430 |
| February | 470-475 | 495-505 | 495-505 | 495-505 |
| March | 485-495 | 485-495 | 485-495 | 495-505 |
| April | 495-505 | 490-500 | 480-490 | 485-495 |
| May | 485-495 | 475-490 | 460-470 | 455-465 |
| June | 450-460 | 450-460 | 435-440 | 430-435 |
| July | 430-435 | 420-425 | 400-410 | 370-380 |
| August | 365-375 | 400-410 | 410-420 | 420-430 |
| September | 420-430 | 415-425 | 405-415 | 385-395 |
| October | 395-405 | 425-435 | 425-435 | 410-415 |
| November | 415-430 | 425-435 | 425-435 | 430-440 |
| December | 420-430 | 395-405 | 385-395 | 380-390 |
Bitumen Price 2022 (New Steel Drum)
| Bitumen Price List 2021 (USD/MT) | ||||
|---|---|---|---|---|
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| January | 330-335 | 330-335 | 360-370 | 360-370 |
| February | 350-360 | 340-350 | 340-350 | 345-350 |
| March | 340-345 | 350-355 | 355-360 | 355-360 |
| April | 355-360 | 350-355 | 350-355 | 365-375 |
| May | 420-430 | 410-420 | 380-390 | 370-380 |
| June | 360-370 | 360-370 | 345-355 | 355-365 |
| July | 355-365 | 355-365 | 355-365 | 355-365 |
| August | 355-365 | 355-365 | 345-355 | 335-345 |
| September | 335-345 | 350-355 | 355-360 | 375-385 |
| October | 380-385 | 395-400 | 425-435 | 450-460 |
| November | 475-485 | 455-465 | 455-465 | 440-450 |
| December | 425-435 | 400-410 | 380-390 | 380-390 |
Bitumen Price 2021 (New Steel Drum)
| Bitumen Price List 2020 (USD/MT) | ||||
|---|---|---|---|---|
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| January | 260-280 | 260-280 | 265-275 | 290-300 |
| February | 285-305 | 285-305 | 275-295 | 270-285 |
| March | 270-285 | 265-280 | 230-245 | 220-235 |
| April | 190-200 | 180-190 | 160-170 | 160-170 |
| May | 170-180 | 180-190 | 190-200 | 200-215 |
| June | 220-230 | 250-260 | 235-242 | 235-245 |
| July | 230-240 | 235-245 | 230-240 | 230-240 |
| August | 240-250 | 245-255 | 248-258 | 258-268 |
| September | 263-271 | 245-250 | 235-243 | 235-245 |
| October | 225-235 | 225-235 | 220-230 | 221-231 |
| November | 232-242 | 237-247 | 280-285 | 285-290 |
| December | 292-297 | 305-315 | 308-318 | 325-330 |
Bitumen Price 2020 (New Steel Drum)
Factors Affecting on Bitumen Price
There are several factors that affect the bitumen price that are listed below:
- Oil prices
- Supply and demand
- Local and global economic conditions
- Geopolitical tensions Shipping regulations
- Natural events such as floods etc.
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. Prices increase as demand increases.
Demand for bitumen depends on factors such as the local economy and the global economy that control the number of road construction projects.
Demand for bitumen from the United States and China, the largest consumers of bitumen in the world, greatly affects the bitumen price.
Also, factors that stop road construction and development projects, leading to a decrease in demand for bitumen lead to lower prices. These factors include geopolitical tensions, natural disasters such as floods and earthquakes.
In recent years bitumen price is influenced by the pandemic of Coronavirus. Due to the start of the pandemic bitumen price of the Middle East is fallen from $ 350 to about $ 160.
Although the pandemic conditions seem to be controlled, it still has some uncertainties.
If the condition keeps stable and moreover be better the bitumen prices will increase in 2022.
Bitumen is usually shipped by sea, so the coast’s conditions and shipping regulations also affect its price.
Bitumen Price News
Weekly Bitumen Report: Fundamental Support for Crude Oil and Bitumen
The failed assassination attempt of Donald Trump and the increase in his victory possibility in the next presidential election of […]Weekly Oil Report: Slower Demand Confused Traders
On Friday, Brent closed at $84.95 and WTI closed at $82.14. Despite a 2% fall, it stayed above 82 which […]Weekly Bitumen Report: Support of Bitumen Price Continues
In the second round of Iran’s presidential election, Masoud Pezeshkian was appointed as the president of Iran. Considering his political […]Weekly Oil Report: Fundamentals Stay in Favoure of Crude Oil
July started with over 2% growth for oil. Brent closed at $86.83 and WTI closed at $83.29. Watch crude oil […]Weekly Bitumen Report: Global Election Season and Uptrend of Bitumen and Crude Oil
The first US presidential debate was held and many believe that Trump was its winner. Later, the Democratic pressure on […]
FAQ
When is the best time to buy bitumen?
Bitumen is an important commodity that its price is affected by various elements at the moment, such as oil prices, political conditions, transportation situation, corona situation, countries ‘budget programs, and the amount of countries’ currency allocation to infrastructure programs. As an importer, you have a request at the moment and you may not be aware of the market condition. We, as an experienced company in this field which gives weekly and daily reports about bitumen and is aware of the market situation, can advise you about your order to know when is the best time to invest in the bitumen industry. You can subscribe to our weekly newsletter. Every day we check the economical situation of countries and the oil price, then we can guide you about the bitumen price and the best time of market condition to buy bitumen.
What is the Infinity Galaxy’s term of Payment?
This company works on TT Method payment. In this method %30 to %50 is the advance and balance against custom docs or B/L draft.
Is it possible to pay in cash?
Yes, the customer has this opportunity to pay in cash AED or USD in UAE and TRL in Turkey.
Does the final price of bitumen include the cost of inspection?
Regarding bitumen, yes. Some types of bitumen, such as Crystal bitumen, positive spot test and oxidized bitumen, may not be inspected and their final price may not include the cost of the inspection. When parties to the transaction agree to it, after negotiation and agreement, an inspection can be considered for it and its cost can be calculated.
How many days is the validity of prices?
The validity of prices is just 2 days.
The validity of price depends on which factors?
It depends on different factors including currency fluctuations, shipping costs, vacuum bottom and fuel oil prices. When the currency rate changes are high, we are not able to keep the price of the product stable for a long time. The prices change immediately due to vacuum-bottom and fuel oil pricing and updated shipping costs.
What is the difference between FOB and CFR terms?
FOB means that the seller’s work is complete when the cargo is loaded on the ship and all costs are then the buyer’s responsibility. CFR states that the seller’s duties end when the ship is loaded. Only the insurance is the buyer’s responsibility. All costs have to be paid by the seller.
How long does it take to load and deliver cargo?
Generally, the loading time takes 14-17 days, and the delivery time depends on the shipping plan and the transit time of the destination port.
Is THC paid for by Infinity Galaxy or buyer?
The total cost of origin belongs to Infinity Galaxy and the total cost customs at the destination port depends on the customer. THC are fees by the shipping terminals for the storage and placement of containers before they are loaded on a vessel. Goods handling, unloading the container, stacking and crane service are part of the charge.
Register Your Order
Fill out the form below to request order registration, information about the latest bitumen prices of the Middle East, or an inquiry.
The friendliest support team will get back to you in 12 hours.
Or, contact our experts directly via WhatsApp.