Bitumen price per barrel
Understanding Bitumen Prices per Barrel: A Comprehensive Guide for Global Buyers
When you purchase bitumen, understanding how the price per barrel is determined is essential because it can significantly affect your budget. The price per barrel directly relates to the barrel size, which varies across different regions. For instance, in Bangladesh, the standard barrel size is 150 kg, while in Vietnam, it is 195 kg. Moreover, some African countries use smaller drums due to logistical challenges, as they lack lifting equipment. These regional variations in barrel sizes influence the price calculations.
Basekim helps you navigate these differences and provides clarity on how we calculate bitumen prices per barrel. Let’s explore the details.
How We Calculate the Price per Barrel of Bitumen
Basekim calculates bitumen prices based on tonnage. Since one ton equals 1,000 kg, we calculate the price per barrel by dividing the tonnage by the barrel size. For example, when using a 150 kg steel drum:
– 1,000 kg per ton ÷ 150 kg per barrel = 6.67 barrels per ton.
Thus, if the current price of bitumen per ton is $285, we can determine the price per barrel:
– $285 per ton ÷ 6.67 barrels = $42.72 USD per barrel (FOB).
This method helps buyers understand the price per barrel, regardless of barrel size. Whether in Bangladesh, Vietnam, or another country, this calculation allows easy price comparison.
Global Pricing Considerations
Although the calculation process is straightforward, multiple factors affect bitumen prices globally. Key considerations include:
– Regional Barrel Size Variations: As mentioned earlier, barrel sizes differ by region. For example, Bangladesh uses a 150 kg drum, while other countries, such as Vietnam, use larger barrels. These variations directly impact the price per barrel.
– Local Demand and Supply: Local supply and demand dynamics can also influence prices. For example, in areas with high demand but limited supply, such as some African countries, prices may rise. On the other hand, regions with stable supply chains, like the UAE or parts of Europe, may offer lower prices.
– Logistics and Shipping Costs: Transportation costs can vary depending on the distance from major shipping hubs. Countries near these hubs typically enjoy lower shipping costs, reducing the overall price per barrel.
Why Choose Basekim for Your Bitumen Needs
Basekim offers competitive prices based on your specific region and needs. Our team ensures that the price calculations reflect the current market trends and regional variations, so you always get accurate information. We update our prices regularly to provide our customers with the best possible value.
For the most accurate and up-to-date pricing, contact Mr. Demir Yilmaz directly. He will assist you with the latest prices and answer any questions you may have. Reach him via WhatsApp at +90 555 170 1545.
Conclusion: Basekim – Your Trusted Bitumen Supplier
In conclusion, understanding bitumen prices per barrel enables you to make informed decisions when buying. By considering regional barrel size differences and local factors, you can assess the market more effectively. With Basekim, you receive top-quality bitumen at competitive prices and a commitment to exceptional service.
So, don’t hesitate. Contact us today for the latest bitumen prices and secure your supply with Basekim. Your bitumen needs are in trusted hands with us.