Bitumen prices, markets & analysis

The ICIS C1 Asia Bitumen Market Weekly report is a detailed and reliable source of information compiled by our locally-based reporters. There are numerous price assessments and our news and analysis give you information on offers and deals in Asia and China, import and export movements, overviews of the regions, shipping updates, as well as market and economic news.

This independent and unbiased market intelligence helps you to make informed commercial choices.

What's happening in the Bitumen market?

Our editor gives their expert view

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Bitumen Overview

 

The Asian market for bitumen is estimated at 35-40m tonnes. China’s demand accounts for 20m tonne and the balance is traded throughout the region.

 

Most regional players buy as locally as possible, and arbitrage is rare. This is because shipping costs can make long distance trade uneconomic.

 

From a supply perspective, bitumen is sensitive to crude/fuel oil prices. Bitumen is the last component left in a barrel of refined oil, and many refineries have fuel oil/bitumen swing capabilities.

 

The demand side for bitumen is driven by budgets for large public works such as road building and construction.

 

Overall, Asia is largely balanced. In North East Asia, China has domestic capacity and imports mainly from South Korea, Thailand and Singapore.

 

In Southeast Asia, Indonesia and Vietnam mainly import from Singapore, Thailand and Taiwan.

 

Over the medium term, demand is likely to increase in most Asian countries, with China, India and Indonesia likely to see the greatest growth.

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Bitumen news and market information products from ICIS

We offer the following regional Bitumen analysis and news coverage to keep you informed of factors and developments affecting prices in the Bitumen marketplace.

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