Bitumen China
In 2024, China consumed approximately 32 million tons of petroleum bitumen, while 3.5 million tonnes of this quantity was imported from the Middle East. Despite a slight increase in consumption, China’s domestic production of bitumen was projected to be around 28 million tonnes in 2024, indicating a reliance on imports to meet the remaining demand.
China’s bitumen use is primarily for road construction, making it the world’s largest consumer.
Bitumen Price in China
Bitumen prices in China are influenced by a combination of global and domestic factors including:
- Crude Oil Prices
- Energy and Production Charges
- Logistics and Transportation Costs
- Domestic Demand
- Global Supply and Export Dynamics
- Geopolitical Factors and Supply Chain Issues
- Environmental Regulations and Economic Conditions
- Seasonal and Market Trends
The current bitumen price in different ports of China are as below:
Bitumen 60/70 in China
Bitumen 60/70 is the main grade bitumen used in China roads. Since Chinese contractors are handling the vast majority of projects in African countries, this grade is a highly demanded bitumen grade by the Chinese.
Suppliers pack bitumen 60/70 in jumbo bags and new steel drums, but Chinese traders generally prefer to receive it in bulk shipments via flexi tanks or vessels.
If you require bitumen 60/70, you can contact us now. We will update you on the bitumen prices in the jumbo bag and new steel drum.
Import Bitumen to China
Due to Chinese customers’ concerns regarding the logistics and transportation of bitumen into the country, we have prepared a complete table noticing the import process for bitumen to China.
How Much Bitumen Did China Import in 2024?
In 2024, China imported approximately 3.5 million tonnes of petroleum bitumen, marking a 15% increase from the previous year and reversing a two-year decline.
The United Arab Emirates emerged as the largest supplier, delivering around 1.2 million tons, followed by South Korea with 957 thousand tons, and Singapore at 717 thousand tons. Together, these three countries accounted for approximately 82% of China’s total bitumen imports in 2024.
Bitumen Price, Trusted Bitumen Consultant for Chinese Bitumen Buyer
At Bitumen Price, we help esteemed Chinese buyers stay informed about current market conditions, prices, fluctuations, and trends, so you can make smarter, more informed decisions to close your deal. By understanding China’s market condition more clearly, you can reduce financial and commercial risks and avoid making purchases at the wrong time.
If you don’t have the time to conduct in-depth market research but want quick and up-to-date insights into China’s bitumen market, feel free to contact us.
