Tight Supply and Rising Demand Drive Bullish Momentum in Crude and Bitumen Markets
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Bitumen prices in India strengthened amid higher crude costs and renewed construction activity post-festive season. Refinery and emulsion grades saw firm pricing as Asian supply tightened. With crude recovering and demand improving, near-term sentiment remains bullish, and traders anticipate moderate price gains in the upcoming sessions.
Key Highlights
- Refinery Bitumen VG40 priced at ₹43,152/MT; VG30 at ₹44,322/MT.
- Crude oil rebound and tightening Asian supply lift bitumen sentiment.
- Road construction demand in India improves post-festive season lull.
- Market expected to remain bullish with moderate near-term price gains.
Indian Bitumen Prices Firm as Crude and Demand Recover
- In the latest market update, Refinery Bitumen (VG40) prices in Panipat are recorded at ₹43,152 per metric ton, while VG30 is priced slightly higher at ₹44,322 per metric ton.
- Meanwhile, in Mathura, Roadgrip Bitumen Emulsion (RS1) is being sold at ₹31,950 per metric ton, and SS1 is available at ₹33,350 per metric ton.
Tight Asian Supply and Construction Revival Support Market
- Crude oil markets are witnessing a recovery, supported by tightening inventories and improving global sentiment.
- In the bitumen segment, Asian supply is showing signs of constraint as crude prices strengthen, leading to a firmer tone across regional markets.
- In India, demand has begun to pick up following the festive lull, particularly in the road construction sector.
- With renewed activity, buyers are returning to the market, and local trade sentiment has turned notably positive.
Crude Rebound and Rising Oil Demand Boost Regional Sentiment
- Brent crude is currently trading at $64.08/bbl, while WTI stands at $60.16/bbl, marking a modest rebound from recent lows.
- OPEC has projected India’s oil demand to rise by 3.4% in 2025, nearly double the growth rate expected for China, underscoring India’s growing role in global energy consumption.
- Meanwhile, bitumen prices in Asia are responding to higher feedstock costs, with VG30 parity around $375–377/MT, reflecting steady upward momentum.
Market Outlook: Bitumen Market Poised for Moderate Gains Amid Bullish Trend
- The near-term outlook remains bullish, driven by the combination of limited supply and recovering demand. Traders and importers are advised to maintain price discipline as tightening availability could sustain the upward trajectory in bitumen prices.
- Coordination between importers and domestic distributors may further support stable pricing, with potential for moderate gains in the coming sessions.
Bitumen
Bitumen Emulsion
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