Bitumen prices went up in most parts of North and Central Europe last week. The main reasons were higher crude oil prices and less supply. At the same time, more construction work is starting because of the spring season. People are worried that problems in the Middle East may cause even less supply in the coming months. In the Mediterranean area, demand is getting better but supply is becoming tighter. Prices are higher, and buyers are careful because everything costs more.
UK and Ireland
Truck prices in the UK increased by £52–53 per tonne and now stand at £520–530 per tonne. Buyers paid more in April than in March. Imports of bitumen reached 85,000 tonnes in March, the highest in five months. Most came from the Netherlands and Lithuania. Demand is growing with the start of spring work.
France
Truck prices in north and central France rose by €20 per tonne to €590–605 per tonne. Supply is lower because one big refinery is under repair until early May. Imports increased in March. Buyers now depend more on local supply because prices from Belgium became much higher.
Benelux (Netherlands and Belgium)
Prices in Antwerp went up a lot to €600–610 per tonne. Prices in Rotterdam also increased to €595–605 per tonne. The big difference in prices between the two places has now disappeared. Demand is expected to grow more as construction work increases.
Germany
Truck prices rose in most parts of Germany. In the north they went up to €615–625 per tonne. In the south and west they reached €630–645 per tonne. Higher oil costs and growing demand helped push prices up. Work will increase strongly after the Easter holiday. Most customers accept the new higher prices.
Poland, Czech Republic and Ukraine
In Poland, prices rose a little to €600–615 per tonne. In Czech Republic, prices stayed the same. In Ukraine, both local and imported bitumen became much more expensive and reached record high prices. Many people are buying less imported bitumen because local product is cheaper. Supply may get tighter as the busy season continues.
Hungary, Romania, Austria and Balkans
In Hungary, supply from the main refinery is still low, but prices stayed at €610–625 per tonne. Demand is higher because of coming elections. In Romania, prices increased again to €595–610 per tonne. Higher prices are making some buyers slow down. In Bulgaria, prices were almost the same but wet weather kept demand low.
Nordic and Baltic Countries
Supply to Denmark and Sweden from German refineries stayed steady. Mixing plants in the north have started working again after winter. Total imports in the first three months were similar to last year. Prices from the Lithuanian refinery stayed the same. Demand should slowly increase with more construction work.
Mediterranean Overview
Demand in the Mediterranean is getting better, but supply is tighter because of problems with crude oil from the Middle
Bitumen Price In Europe
Updated Bitumen 60/70 Price in Europe
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