New Steel Drum Bitumen Price August 2021

Months 1st Week 2nd Week 3rd Week 4th Week
August 355-365 355-365 345-355 335-345

Bulk Bitumen Price August 2021

Months 1st Week 2nd Week 3rd Week 4th Week
August 285-290 285-290 280-295 270-280

Pasargad Embossed Bitumen Price August 2021

Months 1st Week 2nd Week 3rd Week 4th Week
August 364-375 365-375 355-365 350-360

Jey Embossed Bitumen Price August 2021

Months 1st Week 2nd Week 3rd Week 4th Week
August 365-375 365-375 355-365 350-360


Bitumen price August 2021

In this article, we tend to talk about the variables that have affected the

bitumen price August 2021. As you might know, oil prices fluctuated

today as investors worried about falling demand after a significant

drop in Saudi crude prices in Asian markets, according to Reuters. Brent North Sea crude for November delivery rose 4 cents, or 0.1 percent, to $72.26

a barrel, according to the report. Brent crude fell 39 cents yesterday. Moreover, US crude for October delivery fell 41 cents, or 0.6 percent, to $68.88. It’s

also worth mentioning that US markets were closed on Monday due to Labor Day.

Bitumen price August 2021 and the oil market situation

As a matter of fact, concerns about weakening demand have once

again topped the oil market headlines after Saudi Aramco informed its

customers in Asian markets that the official price of its crude for

October delivery had dropped by at least $1. Besides, the significant drop

in prices, which is a sign of a decline in appetite for oil in the

world’s most important energy market, comes as travel

restrictions in Asian countries to counter the delta have

overshadowed the outlook for economic activity.

Bitumen price August 2021 and the recent events

However, markets are still analyzing the recent decision of the OPEC Plus

Group to increase its daily oil production by 400,000 barrels per day

between August and December. “Due to the uncertainty of the direction of

the trading market in Asian markets, it is slow,” said Toshitaka Tazawa,

an analyst at the Fujitomi Institute. “We do not expect oil prices to rise much,

as the summer travel season in the United States comes to an end after

the Labor Day holiday, and weak labor market statistics show a

slowdown in economic activity,” he added.

Latest Bitumen Price

Is the United States experiencing the severe inflation of the 1960s again?

According to Niall Ferguson, a leading US economist, the country is

likely to experience inflation again in the late 1960s, according to CNN. To be more specific, Ferguson told CNN on Friday that US policymakers were

facing a new challenge called rising inflation as a result of the

government’s response to the Corona epidemic,

similar to the response to the Great Recession of 2008.

“What’s interesting about catastrophes is that one can lead to another,”

Ferguson told the Ambrosetti Association in Italy. “You are likely to

go from a public health disaster to a financial, monetary and

potentially inflationary disaster,” he said. In addition, prices in the United States rose 5.4 percent in July from a year earlier, the biggest jump

since August 2008, according to the report. The Federal Reserve

and many economists believe recent inflation will be “transient,”

but Ferguson has questioned that.

He said: How long will it be temporary? At what point does expectation

change fundamentally, especially if the Federal Reserve tells people,

“We’ve changed our inflation targeting regime, and we don’t care if

inflation stays above that target for a while”? “My opinion is that we are not

going back to the 1970s, but we will probably experience it again in the

late 1960s, when the then-chairman of the Federal Reserve, McChesney

Martin, lost control of inflation expectations,” he said. Stating that

inflation originated in the late 1970s in the late 1960s, Ferguson added:

“It is too early to conclude with confidence that current inflation is transient.