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Asia spot bitumen prices expected to remain week

gcpchem 4339 days ago on News

http://www.globalchemicalprice.com - Spot bitumen prices in Asia are expected to remain weak on the back of excess supply and sluggish demand. In east China, benchmark prices of AH-70/90 bitumen was at yuan (CNY) 4,200-4,250/tonne. Prices in south China also declined to CNY 4,250-4,320/tonne.

Bitumen inventories stood at 45 per cent of the regions storage capacity of 155,000 in south China. Whereas in east China, inventory accounted for 49 per cent of the regions storage capacity of 473,000 tonnes.

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