This is Bitumen Africa 1 minute summary of Weekly news about oil and bitumen
The most important news of the week was the victory of Donald Trump in the US presidential election, and he became the president for the second time. It was a significant achievement for the Republicans after running Trump’s election campaign for one year.
On November 6, the metal exchange of China dropped by 3% which is a sign of fear of new tariffs and retaliatory actions against China with Trump’s entry. By the release of the final result of the US election and Trump’s victory, gold prices started a downtrend and fell to $2,556.
Bitumen prices in Singapore and South Korea settled at $457 and $430, respectively. The unchanged trend of bitumen price in Bahrain continues and it remained at $395 for another week.
The bitumen price in Europe faced some increases and closed at the range of $450-500.
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