Iran bitumen prices remain

Bitumen Prices remain stable

Bitumen Prices remain stable ~   January 22nd 2018

Bitumen prices remained stable despite a 35,000 Toman bitumen price increase in the Stock Exchange. 35,000 Tomans is equal to 8.00 USD/MT which is passed onto consumers which import bitumen. However, because USD value in Iran is at a historic high, this has caused the price increase to be seemingly ineffective. Meaning the conversion of USD into Iran’s local currency has neutralized the much dredded price increase in bitumen value.  It is easy to view this price increase for raw materials also known as Vacuum Bottom as an adjustment to maintain the same level prices as the previous month.

 

 

Bitumen News 2018

Iran bitumnen prices and news

Iran Bitumen Prices November 22

Bitumen prices in Iran take a turn for the worst

Raw material to produce high quality bitumen in Iran increased bitumen prices 67.00 USD/MT in the stock exchange.

Let us examine some of the causes:

One of the reasons bitumen prices in Iran have increased is due to the increasing crude oil prices. Another factor bitumen prices in Iran have acended is the Government’s new policy for its new exchange rate against the USD. In the past 5 years or so Iran’s currency has lost nearly 400 % value against the USD. The Government in aims to control inflation on imported goods had provided certain products such as food and medicine a more affordable exchange rate. It also provided certain other less crucial imported needs of the nation a more affordable exchange rate. The government rate had always been less than that of the free market. Overall there was a decent gap between the Government’s exchange rates and that of the free market. With that virtually out of the way now the Government has decided to close the gap and increase it’s  exchange rate to that of the free market. This new policy will impact nearly all aspects of Iran’s imported and exported product rates. Presently there will be a minimum of 10% difference in the value of purchasing or converting Government USD to that of the free market. For example, when in the past we bought bitumen or raw feed we paid the government in USD based on the exchange rates implemented by the government.  Therefore by using this advantage we were able to discount our bitumen prices for consumers. This is because we sold bitumen at the free market exchange rates but paid the government a lower exchange rate. But now we cannot provide this incentive and pass it onto our customers and we will look towards our officials to balance the scales and bring Irab bitumen prices within a more affordable range.

Will there be a reverse in Iran bitumen price policy?

in the pastwhen such an event occurred the  Government lowered the prices of Vacuum Bottom VB the raw material needed to produce bitumen which brought back bitumen prices to a managable and predictable price range.  If Iran’s bitumen industry would like to compete in the international market which we are certain it does it will create the necessary balance.With that said, Iran’s prices for bitumen is one of the most affordable bitumen available in the market.

Iran BItumen News Updates 

Iran Bitumen News Updates 

Iran Bitumen News Updates

Breaking Bitumen News November 8 2017

Breaking News in the last 24 hours:

Due to the increase of Crude Oil prices, bitumen prices in Iran are now unstable and we will be offering new rates to our customers next week.

Nearly all bitumen producers and suppliers have stopped offering bitumen prices or are suggesting prices at least 10 USD/MT higher than the norm. This is due to the fact that no one yet knows the effects rising crude oil prices will have on bitumen prices. As the price of crude oil rises so does Vacuum Bottom prices.

If you would like purchase bitumen from us or receive consultation or require a product within Iran’s export industry please contact + 98 912 101 6609 and speak to Mr. Aghili  or email us at sales@iran-bitumen.com and visit www.iran-bitumen.com for updated bitumen prices.

Iran Bitumen Price Fluctuations

Iran Bitumen Price Fluctuations

Iran Bitumen Price Fluctuations

Bitumen prices went from 190.00 USD/MT FOB Bandar Abbas basis in Mid March 2016 to 235.00 to 245.00 USD/MT in early August 2016.

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What’s your prediction about the future prices of Bitumen?

 
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The last Bitumen Buzz of the Year 2015 into 2016

The last Bitumen Buzz of the Year 2015 into 2016

The last Bitumen Buzz of the Year 2015 into 2016

The time has come for an end of the year trading round up or rather The last Bitumen Buzz of the Year 2015 . Let’s review some of the highlights from the last decade that took place in the Bitumen Industry and what we can learn from our commerce in 2015 for the upcoming year 2016 and beyond.

Oil prices fell by about 50 percent since this June. Both Supply and demand factors contributed to the sharp drop in oil prices, but excessive output played a more prominent role in this incident. Falling oil prices has created a downward pressure for the Bitumen Industry, with buyers expecting bitumen prices to drop on weekly basis.

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