07 May 2025

13:42

  • Bitumen 60/70

    329$

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    3$

    Iran - Bulk

    1.5%

  • Bitumen 60/70

    402$

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    3$

    Iran - New Steel Drum

    0.2%

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    402$

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    3$

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    0.2%

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    374$

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    2$

    Iran - Jumbo Bag

    -0.8%

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    364$

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    2$

    Iran - Flexitank

    -1.1%

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    394$

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    2$

    Iran - New Steel Drum

    1.0%

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    394$

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    2$

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    1.0%

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    397$

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    2$

    Iran - New Steel Drum

    0.8%

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    400$

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    3$

    Iran - New Steel Drum

    1.0%

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    397$

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    2$

    Iran - New Steel Drum

    0.8%

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    390$

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    2$

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    1.0%

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    404$

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    2$

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    1.0%

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    397$

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    2$

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    0.8%

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    364$

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    3$

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    364$

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    3$

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    366$

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    5$

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    6$

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    625$

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    5$

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    0%

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    595$

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    5$

    Iran - Reconditioned Drum

    0%

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    383$

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    5$

    Iran - Bulk

    2.9%

  • HSFO CST 380

    373$

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    -

    5$

    Iran - Bulk

    2.7%

  • HSFO CST 180

    405$

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    5$

    Singapore - Bulk

    2.5%

  • HSFO CST 380

    395$

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    -

    5$

    Singapore - Bulk

    2.3%

  • Crude Oil Dubai

    60$

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    -

    5$

    United Arab Emirates - Bulk

    1.7%

  • Crude Oil WTI

    59$

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    -

    5$

    United States - Bulk

    3.4%

  • Crude Oil brent

    72$

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    -

    5$

    United Kingdom - Bulk

    0%

Bitumen Prices Dip Across West Asia Amid Slow Project Activity

Shakila Khalesro

Publish Date: 2025/05/06

Share Report
Bitumen Prices Dip Across West Asia Amid Slow Project Activity
Report Summary

Bitumen prices across several Asian markets fell last week, driven by a slowdown in road construction and supply pressures. Many regions faced weak consumption due to wet weather and buying ahead of the monsoon. Container shortages and port disruptions weakened drummed bitumen flows, especially for India.



Lower Prices for Singapore



As growing availability in southeast Asia met reduced buying interest, Singapore’s bitumen prices continued to drop. May-loading cargoes were offered at $405 per ton FOB, while June-loadings ranged from $405 to 407 per ton FOB.



Construction Rest Slowed Demand in Malaysia



Malaysia’s bitumen demand remained calm due to the absence of new construction projects. Current activity centered mostly on maintenance work. General rainfall delayed paving, especially in Malacca, Kuala Lumpur, and Johor Bahru.



Careful Buying in Indonesia



Indonesia saw limited activity, with domestic demand staying weak amid minimal road construction. Tenders for new road work were still delayed. Most buyers preferred low inventories to cut storage costs.



Limited Export Volume in Thailand



Bitumen demand in Thailand held firm thanks to ongoing local paving projects. However, exports remained quiet due to tight supply. Prices stayed stable at $410–415 per ton FOB, and participants expect Thai-origin cargoes to continue trading at a premium compared to other regional supplies.


Limited Imports in China

China’s bitumen market was quiet, with limited passion for imports priced above $425 per ton CFR East China. South China’s interest was facedown, with levels unchanged at $430 to 440 per ton CFR, while export offers from the region were at $400 to 420 per ton FOB.


Weak Demand in India as Ports Disrupt


Bitumen demand in India was stable to weak, impacted by delayed project funding from state authorities. Contractors slowed road work, while importers hesitated to book drums due to the approaching monsoon.
A horrible explosion at Bandar Abbas disrupted packaged loading operations. Container shortages post-explosion and rising freight costs discouraged new inquiries for drummed cargoes.



Charts

Bitumen Price In Wast Asia (Updated on May 6, 2025)

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