Bitumen Price Now | Bulk and Drums Bitumen Prices List Today

Current bitumen price in the Middle EastBitumen Price
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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

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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 list in 2018 and 2019

Bitumen Price
History and Trends in the World

bitumen price list in 2018 and 2019

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.

The graph shows Bitumen Price List in 2018

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.

The graph shows Bitumen Price List in 2019- Iran and Singapore

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.