Trump Tariff Threat Fuels US Asphalt Supply Fears
The US asphalt market faces uncertainty as President-elect Donald Trump’s proposed tariffs on Canadian imports could restrict supply and drive up prices for American buyers. Trump’s plan includes a 25% tariff on all imports from Canada and Mexico, set to take effect after his inauguration on January 20. While industry insiders speculate that the tariff […]
Southeast Asia’s Bitumen Market: Supply Surge vs. Mixed Demand
Bitumen markets in Southeast Asia are poised for a shift as increased export availability from South China meets a varied regional demand outlook for 2025, as reported by Argus Media. A combination of pent-up demand from delayed projects and new production initiatives could shape the market dynamics. Near-Term and 2025 Demand Prospects Pent-up demand from […]
Brazil’s Asphalt Boom: 2025 Demand Set to Soar
Demand for asphalt in Brazil is forecast to remain robust in 2025, fueled by an ambitious slate of highway projects. The Ministry of Transportation has announced plans for 15 auctions, encompassing 7,000km of roadway projects across federal and state levels—up significantly from last year’s 10 auctions for 4,000km. This surge defies the usual trend of […]
India and Pakistan: Bitumen at a Crossroads
The bitumen market in the Indian subcontinent is a tale of two distinct yet interconnected narratives: India’s massive consumption driven by infrastructure needs and Pakistan’s evolving export dynamics. India: Growth Amid Financial Constraints India, the largest consumer of Middle Eastern-origin bitumen, has seen its annual consumption surpass 8 million tons in recent years. However, delayed […]
Turkey’s Top Refiner Tupras Locks in Over 500,000t Bitumen Sales for 2025
Turkey’s largest refiner, Tupras, has signed agreements for the supply of over 500,000 tons of bitumen in 2025, sourced from its Izmit and Izmir refineries. As reported by Argus media, These contracts, awarded through a tender process, attracted major international players, including Rubis Asphalt, Continental Bitumen (Colas), and Vitol, highlighting Tupras’ critical role in the […]
