Bitumen prices in Sub-Saharan Africa showed mixed trends during the last week of August. South African domestic truck prices rose, while Iranian export prices declined, pushing East African import prices lower. West Africa remained mostly stable despite rainy season disruptions, supported by stronger crude oil and fuel oil values.
West Africa
The rainy season slowed construction activity in Nigeria, with low bitumen truck demand.
Cargo prices stayed stable, supported by higher Brent crude.
Premiums unchanged: Ivory Coast ~$120/t, Spain ~$15/t above Med HSFO.
Vessel movements: Bitu Atlantic to Dakar, Baustella to Cameroon/Nigeria, Jane Asphalt sailing to Turkey for new cargo.
East Africa
This week, Iran’s bitumen prices held steady, showing no significant changes in the market.
Sanctions made payments and shipping harder, with US banks blocking deals.
Stocks in Kenya, Uganda, and DRC running low.
Freight rates unchanged: Mombasa $100–110/t, Dar es Salaam $110–120/t, Djibouti $110–120/t.
South Africa
South African truck prices rose by R200/t to R11,900–12,400/t ($676–704).
Durban prices: R11,700/t (Mideast), R11,900–12,100/t (Europe).
Outlook
West Africa:
Stability likely until the rainy season ends in Oct–Nov.
East Africa:
Prices may fall further if Iran sanctions tighten; Iraq or other non-Gulf sources may be used.
Southern Africa:
Prices to stay firm in September as cargo arrivals continue before Sasol-Prax refinery ends bitumen output.
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Bitumen 60/70 Price Today in Africa
