Bitumen Price

Bitumen price is influenced by several factors. The Bitumen is a by product of crude oil, and its price is related to crude oil price. But, it also depends on other factors:

• Crude Oil Rate
Bitumen is made of crude oil, and the price of bitumen follows the price of crude oil. When oil prices become higher or lower, products also changes.
• Vacuum Bottom (VB) Price
Bitumen is made of the heavy part of crude oil known as vacuum bottom. So, price of products is a function of VB price.
• Supply and Demand
The balance between supply and demand is an important factor. Shortage or high demand  increases its price. For example, during the cold season, fewer construction projects cause lower demand for product, and product has become cheaper.
• Transportation Costs
Transportation costs impact the cost of bitumen. Long distances between the origin and the destination country increase bitumen prices.
• Currency Exchange Rates
Currency changes affect the rates . A weaker local currency can make imported bitumen more expensive.
• Political Circumstances
Political conflicts in oil-producing countries affect the rate
• Types and Grades
Different types and grades of bitumen have different prices. For example, polymer-modified bitumen is more expensive than regular bitumen because of its costly additives and higher production costs.

Also you can check latest bitumen price in india

Bitumen Price List Today

Bitumen Grade Drum

FOB Middle East (USD $)

60/70

415 ± 3$

80/100

415 ± 3$

40/50

419 ± 3$

VG 10

415 ± 3$

VG 30

415 ± 3$

VG 40

419 ± 3$

Date: 18 November 2024

Bitumen Chart

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Thank you for reaching out to us. Our dedicated team will carefully review your request and ensure a prompt response to address your needs. Please be informed that we operate on a CFR (Cost and Freight) basis , meaning we handle the cost and freight charges to your specified destination port. However, we do not offer local supply services . Our goal is to provide you with the best possible service and high-quality products delivered efficiently and reliably. We look forward to assisting you with your bitumen supply requirements.

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Bitumen Price