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DYM Resources Speaks at the Argus European Bitumen and Asphalt 2019 Conference

The conference will be held from May 22nd to 23rd in Athens, Greece. The agenda will address such key topics as the impact of IMO 2020 on the bitumen market, technical developments in asphalt mixes, the changing supply and demand landscape, and new strategic road developments. It will be attended by over 150 companies, including the key market players Shell, BASF, Colas, Galp, Repsol, MOL, Nynas, and TOTAL.

Yury Burenko, the managing director from DYM Resources GmbH, will be speaking about the prospects of the bitumen market in Russia, CIS, and the bitumen market in Ukraine, Turkmenistan, and Georgia.

“The bitumen market is undergoing major changes. The production of bitumen in Europe is falling because of the new DCU ( Delayed Coker Units). The new revisions to IMO 2020 bunkering regulations will also limit the use of sulfur fuel oil, the main kind produced in Russia, as marine fuel. It is important to analyze what these regulatory changes mean for the bitumen market in terms of production, quality, and price. For Russia, it will be promising to increase the production of bitumen,” Burenko says.

DYM Resources GmbH is an international niche oil products trading company working with all bitumen producers in Russia and shipping road bitumen to European consumers. DYM Resources offers road and roofing bitumen as well as niche bitumen products, including joint tapes, mastics, and sealants.

To meet our managing director Yury Burenko at the Argus European Bitumen and Asphalt 2019 Conference, you are welcome to contact us per email: info@dymresources.com.

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Bitumen road

Russian Bitumen Production up 21% in 1H 2018

Bitumen is the principal material used for road construction. Close to 95% of all “paved” roads in the world are estimated to have bituminous surfacing.

As per analytical data published by CREON Energy, bitumen production in Russia reached 5.92 million MT in 2017, 10.3% higher than the year before. For the first 6 months of 2018, the total production of bitumen is already 21% higher than in the corresponding period of the previous year. The total volume of production in 2018 could therefore reach 6.9 million MT, the highest result of the last 5 years. The main producers of bitumen in Russia are Rosneft, Gazpromneft, and Lukoil.

Bitumen production in Russia

  • mln Mt

This increase in the volumes of bitumen production is principally due to substantial expansion of internal road construction in the last years. At the same time, a window for export supplies still exists.

In addition, the growth rate of polymer-modified bitumen (PMB) production is more than 10% each year. According to analytical data, this volume should exceed 5% of the total bitumen volume by the end of 2018. Due to its high quality, this product is largely exported in big bags, and the main country of export is currently Chile.

PMB production in Russia

  • ths Mt

In August 2018, the Russian government decided to complete a so-called “tax maneuver,” meaning that the export duties for oil and heavy petroleum products will gradually decline to 0% by 2024. This will have a big impact on bitumen markets, and the current export duty for bitumen (Oct. 2018) is set to 137.50 USD/Mt. The first decrease of export duty at 20% will start on 01.01.2019, with a corresponding decrease every year until 0% is reached in 2024.

Export duty reductions may thus lead to more attractive export prices for bitumen, along with growing volumes of production.

In addition, PMB and other bitumen products (specialties for road construction like polymer bitumen joint tapes, mastics, and sealants etc) already have 0% export duty.

DYM Resources is an international trading company, focused on providing high-quality services in niche oil products supplies.

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