EghtesadOnline: 2020 was a rough year for economies and petrochemicals including bitumen market. Millions of people died because of a highly contagious virus called Covid-19. Oil, bitumen and other petrochemicals underwent a hectic situation.

Bitumen prices started 2020 with an unprecedented increase: the product was trading around $340-345/t in January. Many political incidents including the Middle East tensions supported the elevated bitumen prices in January and February.