Buy bitumen in China
Buy bitumen in China
China is one of the dominant countries in many aspects of the world. That’s why buy bitumen in China is a major concern. Therefore, we have decided to focus on the topic “buy bitumen in China” in this article. Generally speaking, the price of styrene monomer in Asia
in the week under review, for lower prices of raw materials (benzene) and lack of sufficient market demand,
fell to the level of $985 / ton, South Korean FOB.
Changes in the bitumen market
Despite the drop in prices, buyers are not very active in the buying market because of the expectation of further price reductions. Moreover, gasoline prices also fell in the week under review,
reaching $710 / tonne, South Korea’s FOB, down more than $60 / tonne from the previous week. As you may know, all these changes affect the bitumen market as well.
On the other hand, the price of heavy polyethylene due to weak Chinese demand, loosening of oil and naphtha prices,
has reached $1175 / ton, China CFR. Also, trading activity in the market is very slow. It’s worth mentioning that they have also
reported the traded price of heavy-duty polyethylene film based on CFR China from Taiwan at $1150 / ton. The price of lightweight polyethylene in the Asian market fell to $ 1,250 / ton,
and due to weak sales in the market, buyers demanded a further price reduction. Besides, buyers’ preferred price is $1210-1200 / ton.
Reports on the oil and bitumen market
Generally, the price of this product in the Asian market in the week under review has been declining. Low Chinese demand pushed polypropylene down
from $ 1,125 / tonne last week to $ 1,075 / tonne, China’s CFR last week. ABS: The price of this product in Asia,
due to weak Chinese demand and falling prices of production data,
fell to the level of 1460 dollars/ton. Moreover, sellers offer their price at $1480-1460 / ton, CFR China,
but limited purchases and negative market outlook have left buyers expecting further price reductions.
Importantly, Venezuelan oil tankers are currently heading directly to China despite US sanctions. Venezuela’s oil company has so far sold its crude oil by ship-to-ship shipment to China.Therefore, the Venezuelan oil company has so far sold its crude oil to China by ship-to-ship transfer at sea. But according to reports, Venezuelan oil tankers are currently heading directly to China.
The tanker company, which tracks the movement of tankers in international waters,
identified the first tanker to China in August this year. At least one tanker is currently unloading at a Chinese port,
and two PetroChina tankers loaded Venezuelan crude earlier this month.
