Bitumen supply and demand both to rise in H2 2026

China's bitumen output in H2 2026 is estimated at 10.66 million tonnes, up 15.90% compared with H1 2026, while consumption is forecast at 12.15 million tonnes, up 22.20%. Supply recovery will be limited in Q3 amid low inventories and maintenance wrap-ups, before accelerating in Q4 with rising inventory pressure. Demand will see seasonal improvement but limited incremental growth, largely on essential needs.

China's bitumen market in H2 2026 is set to see growth on both supply and demand fronts. Output is projected at 10.66 million tonnes, up 1.46 million tonnes or 15.90% compared with H1 2026, with average monthly output of 1.78 million tonnes and average operating rate of 31.20%. Consumption