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Bitumen Spot Price

Commodity Information for Bitumen (BIT)

Value: 4,315.00
Change:  -227.00 (-5.00%)
Units: CNY/t
High: 4,334.00
Low: 4,302.00
Category: Industrials
Bitumen Live PriceLast checked at -

6 Month Bitumen Chart

Symbol COM:BIT
Value 4,315.00
Daily Change -227.00
Currency CNY
Units t
Daily % Change -5.00%
Weekly % Change -5.25%
Monthly % Change -2.86%
Yearly % Change 17.26%
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About Bitumen

Bitumen, also known as asphalt, is a viscous, black hydrocarbon substance derived from crude oil refining or natural deposits. It serves as a key commodity in the construction industry, primarily used in road paving and roofing materials. Bitumen's adhesive and waterproofing properties make it ideal for creating durable road surfaces and weather-resistant roofing materials. Major producers include Canada, Venezuela, and the Middle East.