The price of Gilsonite is influenced by several factors:
The first and most important factor is its purity. Their impurity ratio is divided into 5%, 15% and 20% maximum.
The second factor is the grading, which changes from mesh 30 to mesh 300.
The third factor is the type of Natural Bitumen packaging, the lowest amount starts from 25 kg bags in bulk and the most expensive is the 25 kg bags on pallets that are shirinked and strapped.
The type of transportation and the country of destination are other factors that determine the price of Natural Bitumen.
The amount of humidity is also an important and influencing factor on the price.
The application season is also involved, and in the cold seasons of the year, the supply of this product is more expensive. During the winter season, when precip gilsonite itation levels are high, the mines become filled with rainwater. This leads to a shortage in the market, causing the price of Natural Bitumen to increase. Consequently, the months of March to October generally offer the lowest prices for Natural Bitumen.
Another factor that affects the price is the amount of demand. In instances where large mines require additional drilling and stratification, the demand for gilsonite rises. This increased demand directly impacts the price, resulting in a different pricing structure.
Quality:Each mine contains a substantial layer of natural asphalt, with varying percentages of Gilsonite in different layers. In certain veins, the natural asphalt is of exceptionally high quality, consisting of 100% pure Natural Asphalt. In Middle Eastern mines, the Natural Asphalt ash content ranges from 0 to 25 percent. The most popular type of natural asphalt typically contains 5 to 15 percent ash.
