Bitumen News & Market Updates

**November 4: Asphalt Prices in Jiangsu Decline; Downward Trend Expected for the Future Market**

2d ago

On Nov 4, Jiangsu market prices fell by 50 yuan/ton to 6230 yuan/ton. Xinhai auction prices also dropped by 50 yuan/ton. With major refineries filling orders,...

Bitumen pavements cost roughly twice as much per square meter as cement, yet they dominate highways for practical reasons. Cement roads are rigid, requiring expansion joints that amplify noise and vibration at high speed, and they drain poorly, becoming slippery in rain.…

P Priya Kapoor on Sep 17, 2026

Shandong's asphalt supply is tight, leading to upward price revisions.

on Sep 17, 2026

On Sep 17, Shandong’s heavy traffic asphalt spot prices ranged from 5820–6020 yuan/ton. Jingbo Refinery halted loading temporarily, while other refineries...

Construction Progress by Shandong Expressway Boosts Positive Outlook for Asphalt Demand

on Sep 17, 2026

On Sept 16, the Shandong Dongliang-Shenxin Expressway completed a test section for HTAM-25 asphalt using 12cm thick skeleton-dense mix. This project features...

In the early 1990s China produced only about 2 million tons of road bitumen annually, roughly equal to a single month's output today. When prices jumped from around 680 to over 1,120 yuan per ton in 1994, the government promoted cement concrete instead, subsidizing it at 60,000…

E Elena Vasquez on Sep 09, 2026

Bitumen demand is dominated by infrastructure, with road construction and maintenance absorbing about 80 percent of consumption, followed by building waterproofing at roughly 15 percent and minor volumes into marine fuel and coking. China's 2024 output fell about 18 percent to…

S Sarah Mitchell on Sep 08, 2026

Chempricehub Reminder: Market Analysis of Dongming Asphalt Auction and Plant Maintenance

on May 02, 2026

Dongming 70#A asphalt priced at 4410 yuan/t, with a 300万吨/year unit maintenance reducing daily output by 3000-4000 tons. Supply contraction supports spot and...

Chempricehub reminds: Venezuela's crude oil exports have risen for three consecutive months.

on May 02, 2026

Venezuela crude exports top 1M bpd; US imports up 16%; supply glut pressures prices bearish.

Saudi Arabia's Petrochemical Ascendancy: From Agrarian Economy to Global Energy Powerhouse and the Evolution of Resource Sovereignty

on Apr 07, 2026

The Persian Gulf holds vast oil reserves, with Saudi Arabia's transformation into a modern petro-state beginning after oil was discovered in the 1930s....

Chempricehub Key Alert: Significant Reduction in Asphalt Production Scheduled for April 2026

on Apr 02, 2026

China's asphalt production for April 2026 is projected at 1.527 million tons, down 22.4% month-on-month and 33.3% year-on-year, indicating a significant supply...