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Bitumen Price Today
New Steel Drum - FOB
285-290 USD-MT
Updated on 23 November
Bitumen Price Today
Bulk Bitumen Price- FOB
215-220 USD-MT
Updated on 23 November
Bitumen Price Today
New Steel Drum - FOB
285-290 USD-MT
Updated on 23 November
Bitumen Price Today
Bulk - FOB
215-220 USD-MT
Updated on 23 November
Bitumen Price List Today
Bitumen Prices at Your Destination
Import costs are unbearable for traders. Having enough information about what is included in bitumen price today, is essential for a successful deal.
To make sure that our clients are aware of all expenses before making their decision, we provide bitumen prices for the most crowded ports across the world.
We guarantee to offer you the best by having the most reliable benchmarks for world bitumen prices, including Argus Media, Bitumart, and S&P platts.
Find your destination first, and then contact us for more negotiation.
Bitumen Price Today in Various Ports
Bitumen Price
History and Trends in the World
Bitumen Price
History and Trends in the World
To predict the price of bitumen, you have to know the history and recent trends in the market.
Making sense out of the fluctuations in world bitumen prices in recent years is essential for reducing the impact of market tensions on your business.
Several ups and downs in bitumen market are related to political and economic incidents across the world.
In 2018 Venezuela’s oil production falls to its lowest level, the United States left Iran nuclear deal, and OPEC decided to cut the production of crude oil.
Click for Bitumen Price List in 2018
In 2019, U.S and China trade war, Persian Gulf ship attacks, and attacks on Saudi Aramco oil facilities imposed more fluctuations to bitumen rates.
Bitumen Price in 2020
Bitumen prices in 2020 have been affected severely by the spread of Coronavirus across the world. In January 2020, the price of bitumen in the Middle East reduced by 30%, due to China’s decreasing demand.
Geopolitical tensions in the region have also been of great influence in fluctuations of the bitumen price list in 2020. Look at the table to find the details.
The bitumen that comes from the Middle East is of a premium quality, which is why many traders across the world prefer it to other global sources of bitumen.
To facilitate your bitumen business in the Middle East, we provide you an article with full details of price trends in this region.
Bitumen Price List 2020
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| January | 260-280 | 260-280 | 265-275 | 290-300 |
| February | 285-305 | 285-305 | 275-295 | 270-285 |
| March | 270-285 | 265-280 | 230-245 | 220-235 |
| April | 190-200 | 180-190 | 160-170 | 160-170 |
| May | 170-180 | 180-190 | 190-200 | 200-215 |
| June | 220-230 | 250-260 | 235-242 | 235-245 |
| July | 230-240 | 235-245 | 230-240 | 230-240 |
| August | 240-250 | 245-255 | 248-258 | 258-268 |
| September | 263-271 | 245-250 | 235-243 | 235-245 |
| October | 225-235 | 225-235 | 220-230 | 221-231 |
| November | 232-242 | 237-247 | 280-285 | 285-290 |
Factors that Affect Bitumen Price
Bitumen price today is affected by the price of the vacuum bottom, which is the base material for bitumen production. This substance itself is the heaviest part of crude oil. That’s why the world bitumen prices are massively affected by the price of crude oil as well.
Other factors that have an influence on world bitumen prices are political incidents, currency rates equality, and bitumen demand and supply rates, and the costs of export and shipping services.
The quality of bitumen along with the grade it belongs to is also influential on the price.
The bitumen prices are highly fluctuated right now, due to geopolitical tensions and changing shipping regulations. Before taking any step toward purchasing bitumen, you have to be aware of the latest changes in the price.