Bitumen Price

Bitumen Price

bitumen price :

Our Company is ready to supply different types of bitumen, including MC30, MC70, MC250, MC800, MC3000 and bitumen 60/70, 80/100, and 85/100 grades for Mombasa, Tanzania, Kenya, Sudan, Djibouti, and Uganda markets. We also upload the last updated bitumen prices and bitumen news for you. please stay tuned!

Mombasa Bitumen Price 2019
Weeks August September October
1st week 410-420 USD 370-375 USD 400-410 USD
2nd week 390-400 USD 380-390 USD 385-385 USD
3rd week 385-390 USD 385-395 USD 375-380 USD
4th week 390-400 USD 400-425 USD 370-375 USD

 

Mombasa Bitumen Price 2019
Weeks November December
1st week 370-375 USD 375-380 USD
2nd week 382-385 USD 371-380 USD
3rd week 382-385 USD 375-385 USD
4th week 380-385 USD 375-383 USD
Dar es Salaam Bitumen Price 2019
Weeks August September October
1st week 400-410 USD 365-370 USD 390-400 USD
2nd week 390-405 USD 370-380 USD 375-385 USD
3rd week 380-395 USD 385-395 USD 370-380 USD
4th week 380-385 USD 400-420 USD 375-380 USD

 

Dar es Salaam Bitumen Price 2019
Weeks November December
1st week 382-385 USD 375-380 USD
2nd week 385-390 USD 375-385 USD
3rd week 380-385 USD 370-380 USD
4th week 385-390 USD 372-380 USD
Mombasa Bitumen Price 2020
Weeks January February March
1st week 360-370 USD 350-365 USD 350-355 USD
2nd week 365-375 USD 355-366 USD 345-350 USD
3rd week 365-372 USD 353-365 USD 340-345 USD
4th week 362-370 USD 350-355 USD 330-335 USD

 

Mombasa Bitumen Price 2020
Weeks April May June
1st week 300-310 USD 255-265 USD 290-295 USD
2nd week 250-260 USD 270-280 USD 295-300 USD
3rd week 255-265 USD 285-295 USD 295-300 USD
4th week 245-255 USD 295-310 USD 290-295 USD

 

Mombasa Bitumen Price 2020
Weeks July August September
1st week 295-300 USD 305-315 USD 328-338 USD
2nd week 290-305 USD 310-320 USD 315-320 USD
3rd week 292-305 USD 313-323 USD 315-320 USD
4th week 295-302 USD 323-333 USD 315-320 USD

 

Mombasa Bitumen Price 2020
Weeks October  November December
1st week 300-305 USD 307-312 USD 367-372 USD
2nd week 300-305 USD 317-322 USD
3rd week 300-305 USD 355-360 USD
4th week 301-306 USD 361-365 USD
Dar es Salaam Bitumen Price 2020
Weeks January February March
1st week 360-370 USD 352-365 USD 350-355 USD
2nd week 362-370 USD 350-365 USD 345-350 USD
3rd week 365-375 USD 356-365 USD 340-345 USD
4th week 365-375 USD 350-355 USD 330-335 USD

 

Dar es Salaam Bitumen Price 2020
Weeks April May June 
1st week 300-310 USD 255-265 USD 290-295 USD
2nd week 250-260 USD 270-280 USD 295-300 USD
3rd week 255-265 USD 285-295 USD 295-300 USD
4th week 245-255 USD 300-310 USD 290-295 USD

 

Dar es Salaam Bitumen Price 2020
Weeks July August September
1st week 295-300 USD 300-310 USD 323-333 USD
2nd week 295-305 USD 305-315 USD 315-320 USD
3rd week 290-300 USD 308-318 USD 315-320 USD
4th week 290-300 USD 318-328 USD 315-320 USD

 

Dar es Salaam Bitumen Price 2020
Weeks October November December
1st week 300-305 USD 307-312 USD 367-372 USD
2nd week 300-305 USD 317-322 USD
3rd week 300-305 USD 355-360 USD
4th week 301-306 USD 361-365 USD

Bitumen price  Jey oil

 Oil, petrochemicals, and bitumen price and costs have been always among the top latest news.

As a matter of fact, oil and bitumen have dominated the modern society for many years and are largely supplying energy to many industries.

Oil and petrochemical products have also a major role in heating homes, domestic needs, vehicles and airplanes fuel, and other consumptions in the world.

Consequently, the bitumen price, oil and other petrochemical prices and costs, import and export volumes are highly influential on the world’s economy and contracts between countries.

How falling oil and bitumen price affect the global economy?

Generally speaking, a drop in oil and bitumen prices, will result in lower transportation costs and cheaper airline tickets.

Presently, the United States has increased oil production, so low oil prices can hurt U.S. refineries and companies. Besides, low prices affect domestic oil industry workers. The fluctuations of the oil and bitumen price in the world can tense other countries’ situations. India, Iran, China, Kenya, and Saudi Arabia may become chaotic when the oil prices fall.

What is the approximate global oil and bitumen demands per day?

The world consumes about 35,442,913,090 barrels of oil, equivalent to 97,103,871 barrels per day. Global oil consumption is almost 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons each day.

Who is the largest exporter of oil in the world?

Many countries, most of which are in the Middle East, are exporters and suppliers of oil, bitumen, and petrochemical products. Saudi Arabia is one of the predominant suppliers in the world. Not to mention that the country has the largest amount of oil reserves in the world.

Oil and bitumen price future

How the COVID 19 pandemic affect the oil and bitumen price in the world?

With major cities and trading hubs across the world putting restrictions on travel and entering the lockdown mode, economic activity is expected to slow down in the future. This has concerned suppliers, importers, and exporters of oil and bituminous products.

To be more specific, the price of Brent crude had already dropped from $66 a barrel on 31 December to $45 a barrel on 6 March.

The impact of Covid-19 changes the world economy, as nobody can be sure if things will progressively improve or worsen. In the following, we have brought the five largest petroleum-consuming countries and their shares of total world petroleum consumption in recent years.

  • 1) United States 20.3%
  • 2) China 13.2%
  • 3) India 4.6%
  • 4) Japan 4.1%
  • 5) Russia 3.7%

As you can see

these countries are known as the biggest oil-consuming nations that account for more than 58% of the world’s total oil consumption per day. According to the statistics, the United States is the world’s biggest oil and bitumen consumer, followed by China, Japan, Kenya, and India.

To conclude, the COVID 19 crisis, has notably affected all these oil-consuming, oil and bitumen suppliers, and in one word, the global economy.

What’s the future of the oil and bitumen price?

Generally, oil prices are influenced by a variety of items but are particularly sensitive to decisions made by OPEC, the Organization of Petroleum Exporting Countries.

Like any product, the laws of supply and demand control prices; a combination of an unchanged amount of demand and oversupply has tensed the oil prices over the last five years. Natural phenomena that could potentially disrupt production, and political crisis in an oil-producing region like the Middle East all influence the price changes. Besides, production costs affect the prices, along with storage capacity. The direction of interest rates can also influence the price of oil and other petrochemical products.

The history of oil and bitumen price

How was the oil price fluctuations in 1970s?

Being stable for a long time, oil prices changed undeniably in 1973. The 1970s show two sharp changes in oil prices: one was triggered by a war in 1973, and the other was prompted by a revolution in 1979. Since then, oil prices have regularly displayed volatility related to the ’50s and ’60s.

Figures show us that a few years later, by the spring of 2008, the real price of oil has easily exceeded that of the late 1970s.

Here may come the question that is the relation between oil prices and the economy always the same?

As shown by the statistics and history, the two mentioned large oil fluctuations of the 1970s were characterized by low growth, high unemployment, and high increase.

bitumen price

For this reason, those changes in oil prices and bitumen price, are considered as an important source of economic variations.

To sum up, oil prices usually have a direct relation with inflation, which is the measure of general price trends of the economy. As oil prices increase, inflation follows the same path. On the other hand, as the price of oil falls, inflationary pressures begin to ease. History shows that the two are indeed related, but the connection has deteriorated since the oil spike of the 1970s.

According to this article, oil price and production is really determinative in the global economy. Many countries are exporters, importers, or producers of oil and bitumen. Henceforth, the prices, fluctuations, and the price forecasts mean a lot to them.

We also referred to some factors that affect the oil prices, such as global issues, like Coronavirus, natural phenomena, trade wars between countries, etc. Hope you find this article useful. For more info and updated bitumen prices, please contact us.

 

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