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.
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Bitumen: Market overview
Updated to Q4 2014
In the coming fourth quarter, China’s bitumen demand is expected to decrease, while other Asian countries are just entering into peak period.
Most of roads under construction need to be finished before the end of this year, so Chinese bitumen demand in October is expected to be very strong, so that bitumen prices still have room to climb higher in some domestic regions. But the uptrend in domestic bitumen prices are expected to halt after October as domestic end-user demand is expected to drop when the winter-stockpiling season starts.
For other Asian markets, such as Vietnam, Indonesia and the Philippines, more road construction is to start, bringing traditional busy seasons for bitumen demand. Driven by it, Singapore bitumen FOB prices are to rise accordingly in the next three months.
Australia bitumen demand picked up as road construction became busier after the winter ended. In the fourth quarter, bitumen demand from Australia is expected to be stronger than in the third quarter.
For Middle East region, demand will also be getting up little by little. Bitumen prices are expected to go up slightly in the coming three months.
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Bitumen news & analysis
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Bitumen, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
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.