During 19-25 January 2026, Brent crude oil prices fluctuated between $63.94/bl and $65.88/bl. On Friday, crude oil prices jumped sharply and reached their highest point since January 14. This sharp increase was mainly driven by escalating geopolitical tensions between the United States and the Middle East, which raised concerns about possible supply disruptions in the energy market.
In Asia, bitumen price in Singapore and South Korea followed the upward movement in crude oil markets. Export prices reached $361/t in Singapore and $340/t in South Korea.
The Chinese bitumen market faced weak demand and slow trading activity due to seasonal slowdowns. Import prices rose compared to the previous week. However, buyers chose to delay purchases until after the Chinese New Year holidays.
In the Indian bitumen market, consumption and demand picked up in most regions. Bitumen prices displayed a gradual upward trend, supported by higher crude prices and robust domestic demand.
In the Middle East, the political risks have created uncertainty around bitumen exports from the region. Despite these concerns, export activities continued at a slower pace. Bahrain bitumen prices held steady at $400/t.
In Africa, the bitumen market showed mixed trends across different regions. West African import activity remained strong, supported by increased construction projects during dry weather conditions. In contrast, East African imports faced delays due to shipment disruptions. In Southern Africa, as new shipments arrived, domestic supply levels increased.
