Rumays Intl. Trading Co.

Roadworks in many parts of south Asia are affected by heavy monsoon rains

Roadworks in many parts of south Asia are affected by heavy monsoon rains

Indian demand continued to be soft due to the monsoon rains, but a flurry of bulk and drummed bitumen cargoes were transacted into the region. Consumption is expected to resume from end September and show robust growth from November. Some dealers expect that summer demand, which was subdued due to funding issues, will surface following the end of the monsoon season.
Roadworks in many parts of south Asia are affected by heavy monsoon rains that are expected to ease by September. Although the impending post-monsoon demand should lift regional seaborne prices, especially from the Middle East, some south Asian buyers differ on the extent of the re-
bound because of relatively high inventories yet to be drawn down.

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Roadworks in many parts of south Asia are affected by heavy monsoon rains