Asia and Africa’s Winners and Losers |
Pitch Notes:
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DUBAI, UAE – Media OutReach Newswire – 15 May 2025 – A 24% crash in Brent crude prices, a 13% drop in Asian bitumen costs, and a 30% surge in Vietnam’s demand—since Donald Trump’s sweeping trade tariffs took effect on April 2, 2025, the global bitumen market has been thrust into unprecedented volatility. Infinity Galaxy, a UAE-based leader in bitumen market analysis and supply, provides critical insights into how these shifts are reshaping opportunities for suppliers and buyers across Asia and Africa.
Crude Collapse Reshapes Asia’s Bitumen Trade Simultaneously, the Singapore HSFO 180cst, the main index for Asian bitumen pricing, fell from $450/t to $390/t, down 13%. As a result, the bulk bitumen prices in Singapore dropped from around $450/t to below $400/t. In South Korea, bitumen prices decreased from about $425/t to $395/t. Southeast Asia experienced major changes. Vietnam boosted its bitumen consumption by up to 30% due to large-scale infrastructure and road projects. Bitumen consumption in Vietnam is expected to exceed 1.2 million tons in 2025. In contrast, China and India saw weaker demand. In China, the yuan’s depreciation, construction slowdown, and the onset of a trade war with the US reduced domestic consumption. Also, reports mentioned China exporting bitumen to neighboring countries, further contributing to price declines across East Asia. Tariffs Opened Africa’s Gates As a result, bitumen imports from the Middle East to South Africa surged by more than 25% during March and April 2025. Europe’s Prices Light Dip Amid Global Shocks Global Bitumen Market’s Shifts On the demand side, African and Asian buyers benefited from increased supply options. Consequently, offered prices at some East African ports dropped by up to 10%, and payment terms became more favorable. As these conditions persist, the global bitumen market is expected to undergo further volatility and adjustments throughout 2025. Infinity Galaxy Hashtags: #business #energy #commidity
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Infinity Galaxy Analyzes Trump’s Tariff Earthquake In the Global Bitumen Market
