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Gilsonite price (natural bitumen)

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July 1, 2022
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Natural bitumen, also known as Gilsonite, is a unique and valuable resource used in various industries such as asphalt, drilling fluids, inks and paints. The price of natural bitumen, gilsonite, is an important economic factor for producers and consumers due to its rarity and high demand for its unique properties.
This article examines the factors affecting the price of natural bitumen, Gilsonite, including global demand and supply. In addition, it provides expert opinions on the future outlook for its pricing trends.

Factors affecting the price of natural bitumen, Gilsonite

geographical location

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.

Purity

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.

Quality

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

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.

Shipping costs

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.

Understanding the demand and supply of gilsonite

Current market demand for natural bitumen, gilsonite

Consumption for natural bitumen is increasing, primarily due to its use in the oil and gas industry. Gilsonite is used in drilling fluids, cementing and as a lost circulation material. It is also used as asphalt glue in the construction industry and in the paint and coating industry.

Major suppliers

The main suppliers of natural bitumen are American Gilsonite, Iran and Türkiye. The United States is the largest producer of natural bitumen, while Iran and Turkey are the largest exporters.

Volume and production capacity

The volume and capacity of natural bitumen production varies depending on the location and supplier. The United States has the highest production capacity, while Iran and Turkey have significant production volumes.

The price of natural bitumen, gilsonite or (bitumen) in Maad mine:

You can contact the Maad mine (Gol Marjan) sales consultants to know the price of natural bitumen, gilsonite and gilsonite powder.

Maad Mine (Gol Marjan), the largest gilsonite extractor in West Gilan, announces its readiness to sell and export gilsonite and provide the price list of micronized powder and provide analysis of gilsonite to respected buyers.

The following factors affect the price of Gisonite:

1- Shipping price
2- The price of refining bitumen
3- Political conditions
4- Dollar rate
5- Demand and supply rates in the market

In the end, it can be said that there is nothing absolutely good or bad in the grades of this product, but this selection of the best example of mineral bitumen (Gilsonite) is based on its application at different temperatures, which is important.

Also, Maad mine (Gol Marjan) provides its products to customers based on daily prices in Iran and with the highest quality.

Global market scenario for the price of natural bitumen, gilsonite

Geographical distribution of natural bitumen reserves, gilsonite

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.

Wholesale importers and exporters of gilsonite

The main importers of gilsonite are China, India and Japan. The main exporters of gilsonite are Iran, Türkiye and America.

Pricing trends and future outlook for natural gilsonite bitumen

Historical price trends of natural bitumen, gilsonite

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.

Factors affecting the future prices of natural bitumen and gilsonite

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.

Global price of natural bitumen or Gilsonite:

The global price of natural bitumen depends on factors such as the amount of reserves, production, consumption and volume of transactions, which to some extent affects the price of natural bitumen in Iran.

Gilsonite produced in Gilan Gharb, compared to foreign sellers, its price is very low and it is sold in packages, lumps and powder.

Mad mine, in Gilan Gharb city, located in Kermanshah province, has the largest reserves of mineral bitumen in Iran. In recent years, appropriate measures have been taken regarding the purchase and sale of Gilsonite in Gilangreb both domestically and internationally.

The price of natural bitumen and bitumen is completely the price of the day and according to the domestic infrastructure of the country.

For this reason, the price of mineral bitumen is very economical for various industries, especially transportation, and this is one of the reasons for the increase in exports in recent years.

The chemical properties and concentration of the materials used have a great impact on the price of this valuable product. If you decide to use these products for your purposes, first of all, get enough information about their types and uses.

Choosing the right supplier for natural bitumen, Gilsonite

Factors to consider when choosing a natural bitumen supplier, Gilsonite

When choosing a gilsonite supplier, it is important to consider factors such as the quality of natural bitumen, the supplier’s experience and reputation, and their terms of delivery and payment. It is also important to consider their customer service and technical support capabilities.

Questions to ask a natural bitumen supplier

When evaluating a Gilsonite supplier, it is important to ask questions such as:

– What is the quality of your natural bitumen, Gilsonite?
– Do you have experience in supplying natural bitumen, gilsonite to my industry?
– What are your terms of delivery and payment?
– What kind of technical support and customer service do you offer?

نتیجه گیری در مورد قیمت گذاری قیر طبیعی، گیلسونایت

Conclusion on the pricing of natural bitumen, gilsonite

The demand for natural bitumen, gilsonite, is expected to increase in the coming years, which could lead to an increase in its price. It is important for buyers to choose the right bitumen supplier based on factors such as quality, experience and customer service.

In general, bitumen is a valuable commodity that plays an important role in various industries. As a result, the price of natural bitumen, gilsonite is determined by various factors such as supply and demand, geographical location, quality and transportation costs.

Its unique properties and diverse applications have made it an indispensable commodity in several industries. While its future pricing forecast is uncertain, businesses should carefully evaluate their options when selecting the right supplier to ensure a steady supply of quality bitumen. Overall, understanding the pricing trends and market scenario can help businesses make informed decisions and compete in the global market.

Frequently Asked Questions (FAQ)

What are natural bitumen, gilsonite used for?

Natural bitumen, Gilsonite is used in many different applications such as oil and gas drilling, asphalt paving, ink and paint production, construction and even in medicine and cosmetics. It is known for its high melting point, excellent adhesion and water resistance.

How do I choose the right bitumen or Gilsonite supplier?

When choosing a bitumen supplier, businesses should consider factors such as the supplier’s experience and reputation in the industry, the quality and purity of the Gilsonite they offer, and their pricing and shipping policies. It is also important to request references and check the supplier’s certificates and licenses.

What are the future predictions for the price of natural bitumen, gilsonite?

Future pricing trends for Gilsonite bitumen are difficult to predict due to limited supply and changing market dynamics. However, some experts predict that demand for natural bitumen, Gilsonite, will increase in the coming years due to its unique properties and multiple uses, which may lead to higher prices.