Global bitumen markets opened the year with contrasting regional dynamics. While harsh winter conditions slowed activity in Europe, African markets began regaining momentum and Asia navigated weather-related and seasonal shifts. This report highlights the key developments shaping trade and project planning worldwide.
Extreme winter conditions limited road construction across much of Europe, keeping demand subdued during the first full week of the year. Snow, ice, and storms disrupted both inland logistics and coastal operations.
Refinery maintenance schedules and weather-related delays created uneven supply patterns, while market participants largely focused on managing inventories rather than initiating new projects. Activity is expected to gradually recover as temperatures rise and plants restart.
African markets began 2026 with renewed activity as construction companies returned from the holiday break. West Africa continued to receive steady imports, particularly into major terminals supporting seasonal road programs.
Southern Africa also saw increased vessel arrivals, helping replenish supply ahead of peak construction periods. East Africa remained optimistic, supported by government-backed infrastructure plans and improving weather conditions.
Across Asia-Pacific, procurement activity reflected a mix of urgency and caution. Southeast Asia experienced renewed buying interest, while weather patterns continued to shape construction timelines.
China’s winter slowdown shifted demand patterns, with refiners adjusting operations accordingly. Meanwhile, export-focused producers maintained regional trade flows, and Vietnam showed selective buying ahead of holiday-related pauses.