Bitumen Asia & Middle East

Bitumen Prices, markets & analysis

ICIS price reporting for regional bitumen markets is unparalleled in its ability to provide you with the information you need.

With the ICIS C1 Asia Bitumen Market Weekly report, you are able to get a full view of the bitumen markets in these regions - China, east Asia, southeast Asia, Australia and the Middle East.

The report’s coverage on the regional trade data, news and market updates, analysis on the supply and demand situation, will allow you to access superior market intelligence that you need to seize market opportunities.

Use ICIS information to:

  • Understand the bitumen trade dynamics, including freight information, imports and export events in the region
  • Access in-depth market information on China’s bitumen industry
  • Get practical analysis of the supply / demand trends and outlook
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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We offer the following regional Bitumen coverage to keep you informed of factors and developments affecting prices in the Asia & Middle East Bitumen marketplace.