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.
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.
How we can help
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.
Price Reporting – More information about the price reports we publish on Bitumen
Independent price assessments and market coverage by region
Related products – You might also be interested in the information we publish on these related products
You may also find useful
Price History – More information about the historical price data we publish on Bitumen
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Bitumen
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Bitumen: Market overview
ICIS has a global network of reporters in Houston, London, Singapore, Shanghai, Mumbai and Moscow, ensuring unrivalled coverage of established and emerging markets.
Our reporters develop expert knowledge of the specific markets they cover, developing contacts and building knowledge of the market on a local and global basis, in order to offer insight into prices and the factors driving prices.This expertise enables us to produce independent and accurate price assessments which are relied on by key market makers for their decision making.
Our petrochemical and chemical pricing information is published in individual reports, dependent on the different regions we cover for each market, including Bitumen.
News & analysis
Bitumen news & analysis
Bitumen is a heavy, semi solid oil derivative that gradually softens when heated. There are different qualities of Bitumen which will vary according to the type of crude oil refined.
ICIS pricing focuses on Bitumen 60/70 rated according the penetration and softening point tests at 25 deg C.