13 Mar 2025

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    Bitumen Price Weekly Report

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    Ramadan Slows Bitumen Demand Across West Asia
    Ramadan Slows Bitumen Demand Across West Asia

    Singapore Prices Hold Despite Oil Drop Last week, bitumen prices and April loading offers were in the $435 to $440 range FOB Singapore. Market participants declare that the sharp decrease in HSFO and crude prices has not directly impacted regional prices, but in some sectors, it has weighed on bids from Southeast Asian customers.  Steady...

    2025/03/11

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    Challenges Persist in African Bitumen Markets

    West Africa’s Price Dip A significant decrease in Mediterranean HSFO prices and a decline in Brent crude oil prices affected prices for import cargoes to West African destinations. At this time of year, construction activity and bitumen imports were still sluggish. By the way, a number of deliveries were made to West African terminals. Nigeria’s...

    2025/03/04

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    Bitumen Market Faces Shifting Demand Across Middle East
    Bitumen Market Faces Shifting Demand Across Middle East

    Singapore Bitumen Prices Rise Bitumen prices in Singapore increased this week due to a lack of production. One major oil company might face delays in February and March because of the shortage of bitumen suppliers in Singapore. This week, prices for Singapore cargoes mainly were at $435-440 per ton FOB. Major refineries in Singapore had...

    2025/02/25

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    European Bitumen Market Struggles Budget Cuts
    European Bitumen Market Struggles Budget Cuts

    UK & Ireland: No Shipments, No Activity As the weather continues to be cold and it frequently rains in parts of the country, UK domestic prices were unchanged at $592-605 per ton. These factors negatively affected activity and demand for bitumen. No shipments were indicated into Irish terminals during the week ending 14 February. Stable...

    2025/02/18

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    Bitumen Prices Rise through Post-Holiday Demand and Hot Weather Boost
    Bitumen Prices Rise through Post-Holiday Demand and Hot Weather

    Singapore Bitumen Prices Rise Despite Low Demand Despite slow regional consumption last week, bitumen prices in Singapore rose. According to some market participants, March production volumes in one refinery may be reduced. The sold volumes price for March-loading cargoes was $420-435 per ton FOB Singapore. Prices for February-loading cargoes were $436-455 per ton FOB Singapore,...

    2025/02/11

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    Africa’s Bitumen Prices Drop Amid Global Shifts

    East Africa’s Bitumen Slump Regional bitumen import prices decreased due to the following reasons: Weak demand for Iranian bulk bitumen, lower prices of bulk and drum Iran bitumen, shrinking vacuum bottom (VB) feedstock prices in Iran, and the Iranian Rial getting weaker against the US dollar. The freight rates of drummed bitumen from Bandar Abbas/...

    2025/02/05

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    How Geopolitics Are Shaping the Middle East's Bitumen Market
    How Geopolitics Are Shaping the Middle East’s Bitumen Market

    Malaysia The Lunar New Year Holiday was the first reason for Malaysia’s decrease in demand. Temporarily, Many construction companies have paused since they are on an extended break, and this situation will continue until March. Because of these holidays, there is expected to be lower demand in the next week.  Indonesia Public holidays from 27...

    2025/01/28

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    European Bitumen Prices Raise During Winter
    European Bitumen Prices Raise During Winter

    Rising Costs in the UK and Falling Bitumen Demand After the recent huge HSFO price rise, UK truck price estimations were raised by $ 10.38 per ton. Bitumen demand fell in the UK in 2024’s winter; consumption fell more than 10 % compared to the same period in 2023.  Stable Market in Netherlands and Belgium...

    2025/01/21

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