Petroleum Pitch Price | Current and Forecast
Monitor Petroleum Pitch Prices Worldwide
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See monthly Petroleum Pitch prices in 5 locations: United States, South America, Europe, South Asia & Oceania, China, Africa, Middle East. Also check Petroleum Pitch price history since 2007 and forecasts. The chart below is a sample of Intratec Primary Commodity Prices - subscribe now and gain access to current prices of 237 commodities, including Petroleum Pitch.
Data Legend. The Petroleum Pitch price chart shows the prices in USA Dollar per metric ton (USD/mt) in 7 locations, as follows:
- US: Petroleum Bitumen, United States, transaction, cif
- SAM: Petroleum Bitumen, South America, transaction, fob, Brazil
- EUR: Petroleum Bitumen, Europe, transaction, cif, France
- SEA: Petroleum Bitumen, South Asia & Oceania, transaction, fob, Singapore
- CN: Petroleum Bitumen, pen, China, spot, cfr
- AFR: Petroleum Bitumen, Africa, transaction, fob, South Africa
- MDE: Petroleum Bitumen, Middle East, transaction, fob, United Arab Emirates
Data Use. Petroleum Pitch prices are provided as an annual subscription where subscribers have access to reliable pricing data of 237 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
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Price Dynamics. The Petroleum Bitumen price in United States increased during November 2018 to 424 USD per metric ton, which represents a slight rise of 3% compared to the previous month’s value. On a year-over-year basis, Petroleum Bitumen prices in United States increased significantly by 39%. Meanwhile, in France, the average price of Petroleum Bitumen amounted to 444 USD per metric ton, from 339 USD per metric ton one year earlier. On a month-over-month basis, the Petroleum Bitumen price in France is 5% lower than the price one month before.
The price of Petroleum Bitumen in China rose throughout November 2018, reaching 406 USD per metric ton. The price in China is 5% higher than the average price in the previous month and 4% lower than the average price one year before. In contrast, Petroleum Bitumen prices in Singapore increased during November 2018, reaching 433 USD per metric ton, which means a rise of 5% from the previous month’s price and a rise of 35% from the previous year’s price.
The Petroleum Bitumen prices in United Arab Emirates experienced a rise of 24 USD per metric ton from the prior month's price, to 400 USD per metric ton. Such price movement in United Arab Emirates meant a rise of 6% on a monthly basis and a rise of 23% on a yearly basis. On the other hand, in November 2018, the Petroleum Bitumen price in Brazil witnessed a rise of 30 USD per metric ton when compared against the previous month's price, to 586 USD per metric ton. The November 2018 price in Brazil is 13% higher than the price one year before.
In South Africa, the average price of Petroleum Bitumen was 468 USD per metric ton on November 2018 – a increase of 29 USD per metric ton, or 7%, compared with the previous month. On a year-over-year basis, the Petroleum Bitumen price in South Africa is 22% higher than the price one year before.
About Petroleum Bitumen. Petroleum Pitch (a.k.a. Bitumen) is a sticky, black, and highly viscous liquid or semi-solid. The terms bitumen and asphalt are commonly used interchangeably, and they can mean both natural and manufactured forms. Its main application is in road construction to create asphalt concrete. Other uses include the production of bituminous waterproof products that are designed to protect buildings.
Petroleum Pitch is stored in tanks with regular maintenance to clean off any buildup of deposits. If a tank is taken out of service for maintenance, it must be completely dry as any water will turn into steam when bitumen is delivered, and an explosion may happen. The risk of fire in the tank insolation cannot be ignored and it can happen through spillages or migration caused by hot spots. Regular emptying of the tank for cleaning and maintenance, replacement of worn insulation, and spillage control are crucial for the safe storage of the product.
Raw materials and the respective production processes employed in the manufacturing of Petroleum Bitumen are listed below.
- Long residue (vacuum distillation),
- Short residue (solvent deasphalting),
- Short residue (Duo-Sol process)
The uses and applications of Petroleum Pitch may vary according to its specification. The main forms of Petroleum Pitch are penetration grade; viscosity grade; performance grade; cutback bitumen; emulsions; oxidized bitumen; asphalt cement (AC) grades; and aryl hydrocarbon (AH) grades.
