Latest Bulk Bitumen Price 2022

Months
1st Week
2nd Week
3rd Week
4th Week
January 310-320 315-325 345-365 365-375
February 425-435 430-440 430-440 430-440
March 440-450 440-450 440-450 440-450
April 450-460 445-455 420-430 425-435
May 425-435 415-425 400-410 390-400
June 390-400 380-390 355-365 355-365
July 350-355 340-350 335-345 310-320
August
300-305 330-340    
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       * Looking for high-quality bitumen? Contact our sales team to get a consult. 

* The weekly rates are subject to change due to fluctuations of ocean freight and commodity in the market

 

Latest Jey Embossed Bitumen Price 2022

Months 1st Week 2nd Week 3rd Week 4th Week
January 385-395 400-410 425-435 435-445
February 490-495 510-520 510-520 510-520
March 520-540 520-540 520-540 520-540
April 530-550 525-545 495-505 500-510
May 500-510 485-495 465-475 465-475
June 465-475 460-465 450-460 440-450
July 435-445 425-430 405-410 380-390
August 375-385
410-420    
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Latest Pasargad Embossed Bitumen Price 2022

Months
1st Week
2nd Week
3rd Week
4th Week
January 385-395 400-410 425-435 435-445
February 490-495 510-520 510-520 510-520
March 510-520 520-540  520-540 520-540
April 530-550 525-545 495-505 500-510
May 500-510 485-495 465-475 465-475
June 465-475 460-465 450-460 440-450
July 435-445 425-430 405-410 380-390
August
375-385
410-420    
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Latest New Steel Drum Bitumen Price 2022

 

Months
1st Week
2nd Week
3rd Week
4th Week
January 385-395 395-405 405-420 420-430
February 470-475 495-505 495-505 495-505
March 485-495 485-495 485-495  485-495
April 495-505 490-500 480-490 485-495
May 485-495 475-490 460-470 455-465
June 455-465 450-460 435-445 435-440
July 430-435 420-425 400-410 370-380
August
365-375
400-410    
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Latest New Steel Drum Bitumen Price 2021

Months
1st Week
2nd Week
3rd Week
4th Week
January 330-335 330-335 360-370 360-370
February 350-360 340-350 340-350 345-350
March 340-345 350-355 355-360 355-360
April 355-360 350-355 350-356 365-375
May
420-430 410-420 380-390 370-380
June
360-370 360-370 345-355 345-355
July
353-365 355-362 355-364 355-366
August 354-365 355-365 345-355 335-345
September 335-345 350-355 354-360 355-360
October 375-385 380-385 425-435 450-460
November 475-485 455-465 455-465 440-450
December 425-435 400-410 380-390 380-390
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Latest Bulk Bitumen Price 2021

Months
1st Week / Price
2nd Week / Price
3rd Week / Price
4th Week / Price
January 280-285 280-285 310-315 310-315
February 290-300 285-295 285-295 290-295
March 285-390 300-305 300-305 300-306
April 300-306 295-300 295-302 310-315
May
355-360 345-350 315-320  305-315
June 290-300 290-300 280-285 280-285
July 283-290 285-291 284-290 285-290
August 285-290 285-290 280-295 270-280
September 270-280 285-295 285-295 286-295
October 305-310 310-315 345-355 375-385
November 380-390 375-385 375-384 375-385
December 360-370 335-345 310-315 310-315
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Latest Jey oil Bitumen Price 2021

Months
1st Week
2nd Week
3rd Week
4th Week
January 335-340 335-340 370-380 370-380
February 350-360 340-350 340-350 350-355
March 345-355 355-365 360-365 360-365
April 360-365 360-367 360-366 375-385
May
420-430 410-420  400-405 380-390
June 370-375 370-375 365-370 365-370
July 365-373 365-374 364-375 364-375
August 365-375 365-375 353-365 350-360
September 350-360 352-365 354-365 355-365
October 380-390 380-390 435-445 465-478
November 485-495 465-475 465-475 460-470
December 450-460 400-410 380-390 380-390
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Latest Pasargad Bitumen Price 2021

Months
1st Week
2nd Week
3rd Week
4th Week
January 335-340 335-340  370-380 370-380
February 350-360 340-350 340-350 350-355
March 345-355 355-363 360-365 360-364
April 360-362 360-365 360-366 375-385
May
420-430 410-420 400-405 380-390
June 370-375 370-375 365-370 365-370
July 365-375 363-375 365-374 365-373
August 364-375 365-375 355-365 350-360
September 350-360 355-365 355-365 354-365
October 380-390 380-390 435-445 465-478
November 485-495 465-475 465-475 460-470
December 450-460 400-410 380-390 380-390
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The latest bitumen price

Bitumen price list : Analyzing the sharp rise in the latest bitumen price, the oil market authority explained:

“Bitumen is an oil product whose main reason for determining its price is affected by market demands and peak consumption seasons.”

 

As a matter of fact, various factors affect the latest bitumen price and oil price,

the most important of which is the amount of supply, demand, and reports published by international organizations.

All impact the final and latest bitumen price of each day.

 

How crude oil affects the latest bitumen price?

Crude oil which we know as a precious substance is one of the most expensive commodities in the world and its price affects the economic ecosystem at every level, from household budgets and corporate income to gross domestic product.

 

Oil prices are changing in response to several reports about countries’ policies and global market fluctuations. On the other hand, rising and falling oil prices are also affecting global trade.

Oil prices were trading at $105 a barrel in 2014 but have been declining since the middle of the year to less than $30. The highest oil price in 2018 was about $85.

How the latest bitumen price is determined?

Fluctuations in oil prices in the market depend on various items, about which we talk in this report:

Supply is the first determinant of the latest bitumen price and oil price.

Over the past decades, OPEC member countries have increased and decreased production through cooperation with each other and to manage supply and determine the oil and the latest bitumen price.

Although OPEC’s control over the global oil market has declined in recent years, its decisions continue to play an important role in the oil market.

 

Governments, oil companies, brokers, oil insurers, investors, traders, policymakers, and consumers are scrutinizing the organization’s decisions as closely as possible. OPEC policies, in turn, are influenced by geopolitical developments. Some oil producers in the world are either politically unstable or incompatible with the West. Issues related to terrorism and compliance with international law include these inconsistencies.

External factors affecting the latest price

Some other manufacturers are facing US and UN sanctions. Mostly supply disruptions caused by political events lead to higher latest bitumen prices. The Iranian Revolution, the Iran-Iraq War, the 1973 oil crisis, and the Gulf War are the most important examples. The Asian financial crisis and the global economic crisis of 2008 and 2009 also exacerbated oil price fluctuations.

Also, external factors affect the supply of crude oil and the latest bitumen price. These include climate patterns, exploration and production costs, investment, and innovation.

Demand is the second most important factor in determining oil prices and the latest bitumen price.

High economic growth has led to an increase in demand for oil, which has changed the pattern of demand in countries around the world.

Oil consumption in OECD countries declined between 2000 and 2010, but increased by about 40 percent in non-member countries, according to figures released by the US Energy Information Administration.

Population growth, seasonal changes, and transportation are other factors that determine the oil and bitumen demands. Regularly, oil consumption rises during the travel season and in the winter.

Reports are the third factor determining oil prices and the latest bitumen price.

Reports on production, overcapacity, pricing, and investment are other factors determining crude oil prices.

To be more specific, reports from China’s National Bureau of Statistics, as well as quarterly reports from the US Department of Commerce’s Office of Economic Analysis and Statistics on GDP, have a significant impact on oil prices and the latest bitumen price.

Oil’s direct effect on the latest bitumen price

Oil has been the driving force behind the world economy for many years. Even today, when most countries are looking for alternative fuels, life without crude oil is unthinkable. Carbon-based fuels are used in light and heavy products. They are used in the manufacture of chemicals, textiles, detergents, medicines, and all sectors of the transportation industry.

Thus, it can be said that oil companies and oil-rich countries are strongly affected by changes in the market and the fall in oil prices and the latest bitumen price.

Crude oil has been one of the most important materials in the industry since the 1950s, especially in the transportation industry. The latest bitumen price and the price of crude oil depend on supply and demand. Before explaining the factors, it is best to first get acquainted with the types of crude oil.

Crude oil is divided into several categories according to its qualities:

Sweet crude oil : Oil with a sulfur content of less than 0.5%.

Sour crude oil : Oil with a sulfur content of more than 0.5%.

Heavy crude oil : High-viscosity oil has a high percentage of oxygen and nitrogen, as well as a high density. This type of oil is mostly found in Canada and Venezuela.

With these compounds, there are approximately 161 types of oil in the world.

But in commercial terms, crude oil has three important categories:

Brent oil, which is mostly extracted from Europe, is sweet and light.

WTI oil, which is extracted from the western United States and is sweet and light, is usually a few dollars cheaper than Brent oil.

OPEC oil, which is heavier than Brent oil and lighter than WTI oil, is usually priced between WTI oil and Brent oil.Iraq Bitumen price

 

Iran ranks

fourth in terms of oil reserves and the sixth-largest producer, and can play an important role in the latest bitumen prices and oil prices. That is why any sanctions imposed on Iran’s oil exports will have a direct influence on world oil prices. But more important and prominent than Iran are a group of countries that have become members of an organization called OPEC to have a greater impact on global oil prices and the latest bitumen prices to maintain high prices by controlling oil supply.

As we have explained above, the bitumen market including the demands,

the price fluctuations, the production, imports and exports depend on

some global variables some of which are the oil market, crude oil and

the global economy. That’s why we update our market analysis every week.