TLDR: Bitumen is a viscous, black, and highly adhesive petroleum-based material derived from the distillation of crude oil. Classified under HSN 27132000, it serves as the primary binder for road construction and waterproofing. In the Indian market, prices are influenced by domestic PSU refinery rates (e.g., Mathura, Panipat) and international import parity at major ports like Kandla and Mundra.
Bitumen, often referred to as "paving grade" material, is the essential glue of the infrastructure world. Sourced from the vacuum distillation of crude oil, it provides the load-bearing capacity and flexibility required for modern pavements.
In India, the market is a strategic blend of domestic PSU production (from refineries like Mathura, Panipat, and Mumbai) and Imported Bitumen arriving at major maritime gateways like Kandla and Mundra. Our platform provides real-time visibility into refinery gate prices and port-side import rates, enabling contractors and developers to optimize procurement for large-scale highway projects.
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