22 May 2012 09:29 [Source: ICIS news]
The country, which does not produce bitumen itself, imports an average of around 30,000-40,000 tonnes of the material each month to meet its annual demand of 400,000-450,000 tonnes, industry sources said.
No Vietnamese importer has purchased Singaporean or
June prices for Singaporean bitumen has dropped to $640/tonne (€499/tonne) free on board (FOB) on 22 May from $670/tonne on 8 May, according to C1 Energy, an ICIS service in
“The average inventory level of
In addition, demand has been affected by buyers taking a wait-and-see stance because of the downtrend of the bitumen prices, market sources said.
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