New Steel Drum Bitumen Price September 2020
Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
September | 263-271 | 245-250 | 235-245 | 235-245 |
Bulk Bitumen Price September 2020
Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
September | 203-213 | 190-200 | 175-185 | 175-185 |
Pasargad Embossed Bitumen Price September 2020
Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
September | 268-278 | 255-265 | 238-248 | 238-248 |
Jey Embossed Bitumen Price September 2020
Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
September | 268-278 | 255-265 | 238-248 | 238-248 |
Bitumen price September 2020
In this article, we discuss the bitumen price September 2020 precisely. Due to Hurricane Laura in the Gulf of Mexico,
US oil production in the storm-hit areas halted, which led to an increase in oil prices to their highest level in five months. Brent crude, which hit $ 46 a barrel recently,
traded at $ 46.33 a barrel, and West Texas Intermediate rose 1.7 percent to $ 43.40 a barrel. These days’ oil price is the highest level since March 5,
just one day before Saudi Arabia and Russia failed to
reach a new agreement to reduce oil production.
On the other hand, in the global gold market, however,
the bitumen price September 2020 did not change much compared to previous months,
and no signs of progress in the US-China agreement could not cause the price of an ounce to fall. Moreover, in current trading, $ 1927 an ounce traded unchanged from the previous to remain in the $ 1,900 channel.
What’s going on in the Asian markets?
Asian stock markets also fell at the beginning of trading, moving away from their highest level in two years. Different economic statistics on the recovery of the global economy
and the rise in oil prices were among the reasons for the decline in Asian stock markets. Important to know that in current trading,
the Asia-Pacific stock index and the Japanese Nikkei index were up 0.1 percent. The US dollar also fell slightly to its highest level in a week,
with Jerome Powell scheduled to deliver a keynote address on central bank policy in September 2020.
It’s worth mentioning that the global metals market continues to rise,
with aluminum and copper still experiencing their highest levels since the corona outbreak.
Given this news, global markets seem to have no deterrent to the stock market now,
and even rising oil prices could be good news for refining symbols. Therefore, we expect that the market will have an upward trend as before,
and even smaller symbols can enter a positive phase and lead to a positive overall equilibrium index. To be more specific, the oil market has reached higher levels over the past three weeks
with a different trend, but both major oil indices are still more than $ 30 behind the beginning of the year.
Aside from market price trends and official and unofficial supply and
demand statistics that directly reflect the outlook for oil, activists are paying attention to the signs that are
driving these fundamental factors on oil and bitumen price September 2020.