Buy bitumen in Oman
As we all know, buy bitumen in Oman and other countries have become a global issue in the world. Consequently, we have decided to analyze the oil and bitumen market. First, we will examine the latest developments in the global petrochemical market.
Major developments in the petrochemical industry
Today, due to environmental and economic reasons, Gas instead of oil is the burning fuel of the world.What big consumers want,
is to buy too much gas. In other words, the placement of gas in the downstream chains will happen.The latest reports from the global petrochemical market indicate a decrease in the prices of most products,
including butadiene, benzene, various types of polyethylenes and other products. Additionally, significant decrease in the price of butadiene in the Asian market will happen.
Buy bitumen in Oman
In fact, data show that over the past two weeks,
the price of butadiene in the Asian market has fallen by about 15% ($250 / ton). Considering factors such as a sharp drop in demand growth in supply and high inventories,
market participants predict that the price of butadiene will fall again. The latest price (spot) of butadiene announced on 9/25/2009,
equivalent to $1450-1,500 / ton, CFR Northeast Asia.
In anticipation of an increase in butadiene supply following the launch of three new butadiene-producing plants in China,
with a total capacity of 365,000 tons per year,
several market participants believe that the price of butadiene in October 2009 is likely to reach $ 1,200 / ton. It should be noted that the price of butadiene rose from $700 / tonne
in early June 2009 to $ 1,700 / tonne in CFR Northeast Asia in mid-September,
but with the start of the second half in September,
the price of butadiene in the Asian market declined again.
Buy bitumen in Oman
Reduction of gasoline prices in Europe,
is another factor that affects the ability of countries to buy bitumen and oil. Because of reasons such as the increased supply of benzene and lower prices in other global markets,
the contract price of benzene in Europe for October 2009 will be around $90 / ton less than the price of this product in the spot market in September.
As the ultimate point, traders believe they will agree to the price at $742-735 / ton. In September 2009, the contract price of benzene was $828 / ton,
down from $217 / ton in July, besides the fact that the price of spot benzene in September was about $50 / ton less than its contract price.
