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 […]
Algeria Set to Resume Bitumen Imports from Spain
Algerian bitumen importers are preparing to restart imports from Spain, marking the end of a two-year halt on trade between the countries. The Algerian government recently lifted restrictions that were imposed in June 2022 after Spain publicly backed Morocco’s Western Sahara autonomy plan, leading to the suspension of a friendship treaty and halting bitumen shipments. […]
Bitumen Import Trends Diverge in Oceania; Australia Sees Decline, New Zealand Experiences Growth
Australia’s bitumen import demand is expected to drop by 20% in 2024 due to prolonged funding challenges and a shortage of large road projects, Argus Media reports. Since the COVID-19 pandemic, road maintenance budgets have been reduced, with many local councils reallocating funds to other sectors like healthcare. As a result, bitumen consumption is forecast […]
