Cargo prices in northern Europe rose. Bitumen demand nears its early summer peak. Rotterdam HSFO barge prices dipped slightly in early June compared to late May. FOB Rotterdam bitumen cargo premiums to HSFO barges climbed $7-8 per ton, reaching about $50 per ton. FOB Baltic cargo premiums rose $5 per ton to $30-35 per ton.
UK/Ireland: Weather Slows Construction
Cooler weather and rain hit the UK after a heatwave. Construction slowed down. Domestic truck prices stayed at $452-$469 per ton delivered.
France: Steady Paving Before Holiday
French bitumen truck prices remained at $523 to $540 per ton delivered. Paving work is steady. Suppliers expect a busy week before the summer slowdown starts July 28.
Poland/Czech Republic: Slight Demand Rise
Ukraine: Weather Impacts Demand
Ukraine’s bitumen demand decreased in mid-July due to bad weather conditions. Overall, July sales remain strong as distributors adjust to lower local supply.
Hungary/Romania: Prices Fall with Competition
Romanian prices fell sharply due to increased competition among suppliers and lower fuel oil prices in the week ending July 18. This impacts the key import market.
Baltics: Steady Demand, More Supply
Baltic bitumen demand is steady. More cargo is available from Baltic ports. Baltic construction is likely to remain strong through the summer, unlike that of northwest Europe, which typically experiences a holiday slowdown.
Bitumen Price In Europe
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