Bitumen is a black and pasty material that is widely used in insulation and asphalt construction. Various factors affect the global price of bitumen. The most important factors affecting the world price of bitumen are the world price of crude oil and then the amount of production and supply of bitumen in world markets. So that in different seasons of the year, the decrease or increase in demand will cause Price Fluctuation of bitumen in global markets. For information on the Price Fluctuation of bitumen, you can visit this site. By visiting this site, you can find out the latest bitumen prices in global markets.
What products are made from bitumen?
What is the bitumen size of molecules? Bitumen is a derivative of crude oil and is a dense, highly viscous, high-molecular-weight hydrocarbon that contains oils, resins, and asphaltene. The presence of 5 to 30% asphaltene in bitumen causes the bitumen to harden. There are different types of bitumen and each of these bitumens has different characteristics and applications. These bitumens are usually produced in refineries and from crude oil refining. Bitumen is commonly used in two areas: road construction and insulation. About 90% of the bitumen produced in the world is used in the field of road construction and asphalt production. Some other uses of bitumen are:
- Production of waterproofing and isogum
- Floor and roof insulation of buildings
- Insulation of underground pipes
- Insulation of oil and gas pipes
- Protection of metals
- Sealing of tanks, canals, bridges
- Stabilization of quicksands and mulching of deserts
- Painting and production of waterproof bitumen-based primers
Most of the bitumen consumption in the construction and road construction industry is used as a raw material in paving roads and producing waterproofing and insulation of buildings. Excellent waterproof properties and heat resilience of bitumen make this product ideal for a wide range of applications. At high temperatures (typically between 100 and 200 degrees Celsius) it acts like a viscous liquid and can be mixed with other components and shaped as needed. After cooling, bitumen remains a solid and hard object that is durable and hydrophobic (repels water).
Price changes of bitumen in 2020
In the last two years, various factors have affected the market of petroleum products and have caused the price of bitumen to fluctuate sharply. The political and economic tensions of the past two years have been such that some analysts believe that it has become impossible to predict the price of petroleum products, especially bitumen. The price of bitumen increases or decreases every year due to these factors. The spread of the Coronavirus in China and its subsequent spread to other parts of the world led to a 30 percent drop in bitumen prices in the first six months of 2020.
In addition to China, other countries importing bitumen have reduced their demand for bitumen due to the economic crisis. Declining demand for bitumen by China and other bitumen importers has led to lower prices for the product in global markets. This company is one of the most reputable bitumen suppliers in the country, which supplies various types of bitumen in metal barrels known as bitumen pit to domestic and foreign markets. For information on Price changes of bitumen in 2020 and to buy bitumen with the best quality and the most appropriate price, refer to this site.
Your comment submitted.