The location of natural bitumen deposits, Gilsonite plays a vital role in determining its price. Bitumen deposits are mainly found in the United States, Iran and Türkiye. The cost of extraction, transportation and import/export restrictions can affect its price.
The purity of natural bitumen, Gilsonite affects its price. The higher the purity, the more expensive the natural bitumen, gilsonite. The presence of impurities such as ash, moisture and sulfur can affect the purity.
The quality of natural bitumen, gilsonite also affects its price. Gilsonite’s properties, such as its melting point, softening point, and solubility, can affect its quality and subsequently its price.
Supply and demand for natural bitumen, gilsonite can significantly affect its price. If supply exceeds demand, prices will fall, while a lack of supply can raise prices.
Transportation costs, including shipping and handling, can significantly affect the price of natural bitumen. The further the bitumen has to be transported, the more expensive it will be.
1- Shipping price
2- The price of refining bitumen
3- Political conditions
4- Dollar rate
5- Demand and supply rates in the market
Mineral bitumen deposits are found in different parts of the world including the United States, Iran, Turkey, China and Canada. However, the majority of the world’s natural bitumen supply comes from the United States, Iran, and Turkey.
Gilsonite or natural bitumen, like any other commodity, has experienced price fluctuations. Over the past decade, the price of natural bitumen, gilsonite, has been between $700 and $1,200 per metric ton. In 2019, the average price per metric ton was about 800 dollars. But it must be said that the price of this precious mineral in Iran is much lower than the international price and is cheap.
The price of natural bitumen, gilsonite depends on various factors such as supply and demand, extraction cost and transportation cost. The demand for Gilsonite or natural bitumen has increased in recent years due to its diverse applications in various industries. In addition, limited access to this natural resource has also contributed to its price.
Future predictions for the price of natural bitumen, gilsonite It is difficult to predict the future price of natural bitumen, natural bitumen due to several factors that affect it. However, experts predict that the demand for mineral bitumen will continue to increase and, as a result, its price will increase. The global gilsonite, natural bitumen market is expected to grow at a CAGR of 6.5% between 2020 and 2025.
The future prices of natural bitumen are affected by various factors such as increasing demand from various industries, resource availability and geopolitical factors that may affect the production and transportation of this commodity. In addition, new mining technologies and the discovery of new mineral bitumen reserves may also affect its future price.
Thank you, the content was very complete and
comprehensive
In which country is Gilsonite mine located?
Iran
Gilsonite mines must be very valuable
Yes. That’s right