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 rates of crude oil. When oil prices become higher or lower, products also changes.
• Vacuum Bottom (VB)
This Product 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 $) |
Bitumen 60/70 | 390 ± 3$ |
Bitumen 80/100 | 390 ± 3$ |
Bitumen 40/50 | 395 ± 3$ |
Bitumen VG 10 | 390 ± 3$ |
Bitumen VG 30 | 390 ± 3$ |
Bitumen VG 40 | 395 ± 3$ |
Date: 13 January 2025 | |
Bitumen Price per Ton and Kg
Bitumen price per ton varies based on factors like crude oil prices and market demand.
Bitumen is commonly sold in large quantities, like by the ton, in jumbo bags, or in barrels.
Bitumen price per kg is usually calculated by dividing the price per ton by 1000.
It’s important to note that the packaging cost for bitumen per kg is higher than per ton.
Bitumen Chart
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