Australia’s infrastructure investment up to 2019-20 consists of A$2.47 billion ($1.82b billion) for roads, mainly in New South Wales and Queensland. With the country being a key import target for all bitumen exports in Asia, an understanding of regional fundamentals becomes paramount for all trading participants.
The 11th Argus Asia-Pacific and Middle East Bitumen 2015 conference will be held at ParkRoyal on Pickering in Singapore from 2-4 September. It will bring together senior government officials, suppliers, distributors, traders and consumers of bitumen on a single platform to allow for discussion and debate on supply and demand fundamentals, pricing trends and consumption patterns.
Crude prices have dropped more than 40pc during the past 12 months. Delegates will get a clearer understanding of how fuel oil and bitumen trading patterns are changing in a low oil price environment and what this means for global supply and demand balances. There has also been arbitrage bitumen cargos moving from the US to Australia. Hear from the experts about the impact of these long-haul imports on the shipbuilding outlook for different vessel sizes.
There will be a strong focus on the major markets, with a close look at expectations for Chinese bitumen imports and how India’s infrastructure growth will impact its demand and supply. With the easing of Iranian sanctions, the conference will address bitumen availability and the price outlook going forward.
With more than 120 delegates from 25 countries signed up, the conference has once again proved to be an important networking event for the region and beyond.
Argus is the global leader in international bitumen pricing information. This event is part of a global series, with Argus bitumen/asphalt events also being held in Europe, Africa and the US.
For more information, please contact us:
Phone: +65 6496 9899
Email: asiaconferences@argusmedia.com