Bitumen

Bitumen increased 1,436 CNY/T or 44.76% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Bitumen reached an all time high of 4989 in June of 2022. Bitumen, also known as asphalt is a black, sticky, and highly viscous liquid or semi-solid form of petroleum. The most common use is in the road construction and waterproofing products. The contract size is 10 tons/lot. The 70# Class-A road bitumen is widely traded on the Shanghai Futures Exchange.

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