Iran Bitumen prices increase by nearly 12.00USD/MT on the 21st January . This bitumen prices increase is based on the increase in value of Vacuum Bottom also known as VB which is used to produce high quality road bitumen for export from Iran.
Another factor which has affected bitumen rates is the decline in USD value in Iran from an average of 4,000.00 Tomans per 1.00USD to nearly 3,800.00 Toman. These two forces have increase bitumen prices an average of 15.00USD to 20.00USD/MT from their previous state.
If USD value gains strength in Iran we may see a slight decline in bitumen prices in Iran.
For visiting current bitumen price for more info.