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Bitumen

Bitumen Price Today | ‌Bitumen Rate in Your Destination

Current Bitumen Pricing in Your Area

Please note that the following rates may vary based on changes in ocean freight costs and market commodity prices:

We sell bitumen in various packaging options including steel drums , jumbo bags , and bulk delivery.
Steel Drums are available in various 200 liter(55 -gallon) drums.
Jumbo Bags are available in various sizes commonly around 1000kg(2200 lbs).
Bulk delivery is provided for large-scale projects requiring significant quantities of bitumen.
For the latest up-to-date pricing information, kindly reach out to us.

Bitumen Price List Today

Bitumen Price List Today
Bitumen Grade (Drum) FOB BND ABBAS Price Now ($)
60/70 335 ± 3$
80/100 335 ± 3$
40/50 335± 3$
VG 10 335± 3$
VG 30 335± 3$
VG 40 350 ± 3$
60/70 Positive Spot Test 350± 3$
23rd December 2024

Types of Packaging

Jumbo bags

Drums

Tanks

Factors Affecting on Bitumen Price

Influential Factors in Bitumen Pricing
Numerous aspects contribute to bitumen price fluctuations:

  • Crude Oil Prices: As a by-product of crude oil, bitumen prices are closely tied to oil price trends.
  • Supply and Demand Dynamics: Global and local demand for bitumen significantly impacts its price, with increased construction projects driving demand. Conversely, geopolitical unrest or natural calamities can reduce demand and prices.
  • Economic Landscape: Both local and global economic conditions play a vital role in bitumen demand, with the United States and China as major consumers.
  • Geopolitical Instability: Political tensions and international conflicts can disrupt construction projects and decrease bitumen demand.
  • Natural Occurrences: Unexpected natural events like floods, earthquakes, or pandemics such as Coronavirus can considerably affect bitumen prices.
  • Shipping Regulations: Since bitumen is mainly transported by sea, its price is influenced by coastal conditions and maritime shipping rules.

While bitumen prices are projected to rise as the global economy stabilizes and recovers in 2022, ongoing pandemic-related uncertainties may impact future price trends

View Bitumen 50-70 Analysis

View Bitumen 60-70 Analysis

FAQ

Bitumen is an important commodity that its price is affected by various elements at the moment, such as oil prices, political conditions, transportation situation, corona situation, countries ‘budget programs, and the amount of countries’ currency allocation to infrastructure programs. As an importer, you have a request at the moment and you may not be aware of the market condition. We, as an experienced company in this field which gives weekly and daily reports about bitumen and is aware of the market situation, can advise you about your order to know when is the best time to invest in the bitumen industry. You can subscribe to our weekly newsletter. Every day we check the economical situation of countries and the oil price, then we can guide you about the bitumen price and the best time of market condition to buy bitumen.

This company works on TT Method payment. In this method %30 to %50 is the advance and balance against custom docs or B/L draft.

Yes, the customer has this opportunity to pay in cash AED or USD in UAE and TRL in Turkey.

Regarding bitumen, yes. Some types of bitumen, such as Crystal bitumen, positive spot test and oxidized bitumen, may not be inspected and their final price may not include the cost of the inspection. When parties to the transaction agree to it, after negotiation and agreement, an inspection can be considered for it and its cost can be calculated.

The validity of prices is just 2 days.

Several factors influence our pricing, including currency fluctuations, shipping costs, vacuum bottom, and fuel oil prices. During periods of significant currency rate changes, we may be unable to maintain stable product prices for extended periods. Additionally, sudden changes in vacuum-bottom and fuel oil prices, as well as updated shipping costs, can lead to immediate price adjustments.

FOB means that the seller’s work is complete when the cargo is loaded on the ship and all costs are then the buyer’s responsibility. CFR states that the seller’s duties end when the ship is loaded. Only the insurance is the buyer’s responsibility. All costs have to be paid by the seller.

Generally, the loading time takes 14-17 days, and the delivery time depends on the shipping plan and the transit time of the destination port.

The total cost of origin belongs to Infinity Galaxy and the total cost customs at the destination port depends on the customer. THC are fees by the shipping terminals for the storage and placement of containers before they are loaded on a vessel. Goods handling, unloading the container, stacking and crane service are part of the charge.