18 May 2012 05:46 [Source: ICIS news]
SINGAPORE (ICIS)--China's bitumen export prices have fallen because of the sluggish demand in ?xml:namespace>
The FOB (free on board) price of Chinese bitumen loaded in late May was $650/tonne (€513.5/tonne) on 16 May, a fall of $20/tonne or 3% from April's levels, according to C1 Energy, an ICIS service in China.
The CFR price includes FOB price, freight and trader’s profit.
In addition, the price sof Thai and Singaporean bitumen were adding pressure on the prices of Chinese cargoes, analysts commented.
The prices of
($1 = €6.32)
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