Bitumen

Bitumen Prices, markets & analysis

With a network of price reporters across Asia, Europe and the US, ICIS is fully equipped to keep you updated on everything that happens in the global Bitumen market, whether you buy or sell Bitumen or related products. From daily and weekly reports containing price assessments obtained by our network of local reporters, to the news and analysis that put the market into focus, we provide the tools you need to make confident business decisions.

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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