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Status of bitumen exports and imports in countries – part11

  • China

China’s Bitumen import from South Korea up by 20% at 147,000 tons in March

During the period January to March 2021, China imported 472604 MT of Bitumen from South Korea. The country imported 204743 MT of Bitumen in January 2021, 119938 MT in February and 147922 MT in March 2021. During the period Jan to March 2020, China imported 558213 MT of Bitumen from South Korea. As per the data analysis by our team, import of the country has decreased by 15% during Jan to March 2021, as compared to the same period last year i.e. Jan to March 2020. Compared to last month i.e. January 2021, import of the country has gone up by 23% in the month of March 2021. China Bitumen import from South Korea has decreased by 30% in March 2021, as compared to same period last year i.e. March 2020

 

  • Netherlands 

Netherlands Rotterdam Bitumen price up by Euro 5 PMT in May.

In Netherlands Rotterdam, Bitumen price up by € 5 PMT since last week and are currently in the range of € 375 – 385 PMT. The average bitumen prices in Euro PMT for prices in Netherlands Rotterdam were € 315 PMT in January 2021, € 340 PMT in February, € 370 PMT in March, € 375 PMT in April and € 380 PMT in May 2021. In current month i.e. early May 2021, prices have gone up by € 5 PMT (1%) as compared to last month price & reported at € 380 PMT. Prices hiked up by € 135 PMT (55%) in May 2021 as compared to same period last year i.e. May 2020 price. Since January 2021, prices hike up by € 65 PMT (21%) in May 2021

 

  • Iran 

Iran’s bitumen export prices continue to soar amid higher VB prices and stronger Rial as JCPOA talks move forward

Current FOB bitumen drums prices in Iran are in the range of USD 370 – 375 PMT. Average FOB Iran Drums Bitumen prices reported at USD 335 PMT in January 2021. Further prices marked up & prices reported at USD 340 PMT in February, USD 350 PMT in March and USD 355 PMT in April 2021. In current month i.e. early May 2021, prices hike up by USD 20 PMT (6%) & prices reported at USD 375 PMT as compared to previous month price. Prices marked up by USD 165 PMT (79%) in May 2021 as compared to same period last year i.e. May 2020. Since January 2021 prices hike up by USD 40 PMT (12%) in May 2021.

Current FOB bitumen bulk prices in Iran is in the range of USD 310 – 315 PMT. Average FOB Iran Bitumen prices reported at USD 280 PMT in January 2021, while in February prices remained steady as compared to previous month price. In March prices went up & price reported at USD 290 PMT and in April 2021 prices reported at USD 300 PMT. In current month i.e. early May 2021, prices hike up by USD 15 PMT (5%) & prices reported at USD 315 PMT as compared to previous month price. Prices went up by USD 190 PMT (152%) in May 2021 as compared to same period last year i.e. May 2020. Since January 2021 prices increased by USD 35 PMT (13%) in May 2021

 

  • South korea 

During the period January to March 2021, South Korea exported 653938 MT of Bitumen. South Korea exported 237003 MT of Bitumen in January 2021, 238351 MT in February and 178584 MT in March 2021. During the period Jan to March 2020, South Korea exported 872078 MT of Bitumen. As per the data analysis by our team, export of the country has gone down by 25% during January to March 2021, as compared to the same period last year i.e. January to March 2020. Compared to last month i.e. February 2021, South Korea Bitumen export has decreased by 25% in the month of March 2021. South Korea export has gone down by 42% in March 2021, as compared to same period last year i.e. March 2020

 

  • Japan 

Japan’s March bitumen import firms up by 25% at 32,000 tons from South Korea and USA amid renewed demand.

During the period January to March 2021, Japan imported 85469 MT of Bitumen. The country imported 27284 MT of Bitumen in January, 25701 MT in February and 32484 MT in March 2021. During the period January to March 2020, Japan imported 122029 MT of Bitumen. As per the data analysis by our team, import of the country has decreased by 30% during January to March 2021, as compared to the same period last year i.e. January to March 2020. Compared to last month i.e. February 2021, import of the country has gone up by 26% in the month of March 2021. Japan import has decreased by 29% in March 2021, as  compared to same period last year i.e. March 2020

 

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