Bitumen Price List 2020
Latest New Steel Drum Bitumen Price 2020
Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
January | 260-280 | 260-280 | 265-275 | 290-300 |
February | 285-305 | 285-305 | 275-295 | 270-285 |
March | 270-285 | 265-280 | 230-245 | 220-235 |
April | 190-200 | 180-190 | 160-170 | 160-170 |
May | 170-180 | 180-190 | 190-200 | 200-215 |
June | 220-230 | 250-260 | 235-242 | 235-245 |
July | 230-240 | 235-245 | 230-240 | 230-240 |
August | 240-250 | 245-255 | 248-258 | 258-268 |
September | 263-271 | 245-250 | 235-243 | 235-245 |
October | 225-235 | 225-235 | 220-230 | 221-231 |
November | 232-242 | 237-247 | 280-285 | 285-290 |
December | 292-297 | 305-315 | 300-314 | 308-318 |
Latest Bulk Bitumen Price 2020
Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
January | 220-240 | 210-230 | 220-240 | 220-240 |
February | 225-245 | 225-245 | 220-240 | 215-230 |
March | 215-230 | 205-215 | 170-190 | 160-170 |
April | 130-135 | 120-130 | 110-120 | 110-120 |
May | 115-125 | 120-130 | 130-140 | 140-155 |
June | 150-165 | 170-180 | 155-165 | 155-165 |
July | 170-180 | 175-185 | 170-180 | 170-180 |
August | 180-190 | 185-195 | 188-198 | 198-208 |
September | 203-213 | 190-200 | 175-185 | 175-185 |
October | 150-160 | 150-162 | 150-161 | 151-160 |
November | 162-172 | 167-177 | 210-215 | 215-220 |
December | 222-227 | 238-248 | 238-249 | 241-351 |
Latest Pasargad Embossed Bitumen Price 2020
Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
January | 275-295 | 275-295 | 280-290 | 300-315 |
February | 295-305 | 295-305 | 285-300 | 280-295 |
March | 280-295 | 275-290 | 245-255 | 230-235 |
April | 205-215 | 190-200 | 170-180 | 170-180 |
May | 180-190 | 190-200 | 200-210 | 210-220 |
June | 230-245 | 260-270 | 245-255 | 245-255 |
July | 235-245 | 245-255 | 235-245 | 235-245 |
August | 245-255 | 250-260 | 253-263 | 263-273 |
September | 268-278 | 255-265 | 238-248 | 238-248 |
October | 235-245 | 235-244 | 235-245 | 230-240 |
November | 242-252 | 247-257 | 280-285 | 285-290 |
December | 222-227 | 315-325 | 313-326 | 318-328 |
Latest Jey Embossed Bitumen Price 2020
Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
January | 275-295 | 275-295 | 280-290 | 300-315 |
February | 295-305 | 295-305 | 285-300 | 280-295 |
March | 280-295 | 275-290 | 245-255 | 230-235 |
April | 205-215 | 190-200 | 170-180 | 170-180 |
May | 180-190 | 190-200 | 200-210 | 210-220 |
June | 230-245 | 260-270 | 245-255 | 245-255 |
July | 235-243 | 245-255 | 235-246 | 235-245 |
August | 245-255 | 250-260 | 253-263 | 263-273 |
September | 268-278 | 255-265 | 238-248 | 238-248 |
October | 235-245 | 235-244 | 235-247 | 230-240 |
November | 242-252 | 247-257 | 280-285 | 285-290 |
December | 292-297 | 305-315 | 303-314 | 318-328 |
Since bitumen price list 2020
Bitumen price list 2020 is important for all the buyers, suppliers,
and market analysts, we have provided our readers with a comprehensive bitumen price list 2020. As a result, you can compare and contrast the
bitumen prices in each period and you can see the fluctuations as simple
as a piece of cake. Moreover, we have brought the latest pieces of news
that are about the recent bitumen and oil prices and the reasons and variables. So, stay with us, as you will find our articles helpful.
Variables of the bitumen price list 2020
Generally speaking, lack of balance in supply and demand in the global oil
market along with the occurrence of geopolitical events and reduced
economic growth of major oil-consuming countries are effective factors
in reducing oil prices. Oil prices rose slightly in September last year after
drones attacked the Aramco refinery. It’s good to know that earlier last
year, insecurity and attacks on oil tankers in the Strait of Hormuz were the
major cause of oil price fluctuations. With the start of the New Year and
the outbreak of the Coronavirus, the global oil market experienced a
new fluctuation, the amplitude of which is becoming more pronounced day by day.
Coronavirus and declining Chinese oil demand
As a matter of fact, China imported 506 million tons of oil last year, or
10.12 million barrels per day. The country’s daily consumption compared to
2018 was about It had increased by 882,000 barrels per day. Besides,
China’s LNG imports last year increased by 31.9% compared to 2018 to
96.56 million tons. To be more specific, the outbreak of the Coronavirus
in early January slowed the country’s economic growth, because of which
the energy demand also decreased due to the existence of a surplus in the
oil market, oil prices gradually declined. The fall in oil prices has made the
issue of the impact of the Coronavirus on the oil market a major topic
of discussion at the recent OPEC meeting.
Unsuccessful OPEC meeting, another variable
Respectively, the 178th OPEC Summit ended with OPEC members and
Russia failing to agree on a reduction in oil production. Before the summit,
Russia had agreed to reduce oil production, but only if it slowed by
OPEC members and Russia maintained its current production. The
disagreement between Saudi Arabia and Russia caused oil prices to fall
again immediately after the summit. In other words, OPEC could not
reach an agreement that Libya will not be able to produce more oil due to
the civil war if an agreement happens between the Siraj government and
General Haftar’s forces shortly and the country can move towards
production before the crisis and civil war.