Tag

Bitumen

Total 34 items
URGENTFlashMarket Flash2026-09-07

Bitumen Prices Jump 2.11%

Bitumen front-month contract surged 2.11% to ¥4,879/ton — highest since June — as peak road-construction demand in East China meets reduced refinery output and tighter spot availability.

ResearchMarket2026-09-03

Crude Benchmarks Steady as Fuel Oil and Bitumen Retreat; Bitumen–Fuel Oil Spread Narrows to ¥1,076/t

On Sep 3, Brent settled at $95.86/bbl (+0.14%) and WTI at $91.11/bbl (+0.14%), steadying after recent volatility. Downstream softened in tandem: fuel oil front-month at ¥3,929/t (-1.06%) and bitumen at ¥5,005/t (-0.87%); the bitumen–fuel oil spread narrowed to ¥1,076/t, down ¥70 from the Sep 1 high of ¥1,146, reflecting how accelerated quota release and faster documentation are compressing arb premiums.

WATCHFlashMarket Flash2026-09-02

Bitumen Futures Rise 3.06% to ¥5,054/t

Bitumen front-month contract settled at ¥5,054/t (+3.06%), hitting a three-week high; alongside Brent’s +0.06% gain, demand support from peak road-construction season is strengthening, with accelerated ex-warehouse turnover in East China.

ResearchMarket2026-09-01

Bitumen-Fuel Oil Spread Widens to CNY 1,146/t, Highest Since Jan 2026

On Sep 1, bitumen futures stood at CNY 4,934/t and fuel oil at CNY 3,788/t, widening the spread to CNY 1,146/t — the highest since Jan 2026 (+5.1% w/w). Key drivers: East China asphalt plant utilization rose to 68.3%, while low-sulfur fuel oil export quotas tightened and Singapore’s ARA stockpiles fell 2.1%. We recommend immediate bitumen procurement to lock in refining margin window.

ResearchMarket2026-08-31

Downstream Divergence: Fuel Oil Slips 0.54% as Bitumen Bucks the Trend, Up 0.30%

In the 31 August morning session Brent held at $89.27/bbl (-0.01%) and WTI at $84.40/bbl (-0.02%), leaving crude broadly steady, yet downstream products diverged: fuel oil fell 0.54% to RMB 3,650/t while bitumen rose 0.30% to RMB 4,610/t, widening the spread to RMB 960/t. We unpack the tug-of-war between off-season bunker demand and peak road construction, and set out a staged price-locking approach.

ResearchIndustry2026-08-29

Smart Regulation Lands for Bonded Bunkers: Terminal Choice Becomes a Pricing Variable as the Fuel Oil-Bitumen Spread Widens

This morning front-month fuel oil printed ¥3,650/t (-0.54%) against bitumen at ¥4,610/t (+0.30%), widening the spread to about ¥960/t; platform reference prices for base oil, paraffin wax and petroleum coke stand at ¥7,939, ¥7,983 and ¥2,383/t respectively. Qingdao is building a smart regulatory service platform for international vessel bunkering while deepening 'one ship, multiple suppliers' and cross-terminal bonded bunker supply; Zhoushan targets 55 million cubic metres of oil storage by 2030 and greater influence for its fuel oil price index. Terminal choice and sampling cycles are shifting from compliance items to cost items, reshaping quote structures across SNSUC's petroleum-products line.