50USD PMT Iran bitumen price increase comes as a big shock

Iran Bitumen prices increase 162,000 Toman in the stock exchange which after taxes will mean a minimum of 50.00USD/MT bitumen price increase in the Iran bitumen market.

The main factors which have played a key role in this price rise in bitumen value includes the high demand for bitumen from Iran by the international bitumen market which includes India, Asia and Africa, the increase in crude oil value and the limitation in the output of crude by OPEC.

While some still hold very little stock of bitumen which they can compromise on its prices and offer lower rates, soon the rates for bitumen 60/70 and bitumen 80/100 once those very minor stocks are depleted, will rise to the expected levels. Bitumen rates can be expected to be at least 300.00USD/MT to 310.00USD on a FOB Bandar Abbas Iran basis in new steel drums of 180 Kg .
Many bitumen buyers will halt their purchase of bitumen and wait to see if the prices of bitumen will come down, however, because OPEC has limited their production of crude, bitumen prices along with crude oil prices will continue to rise.

Let us not forget before the crude oil market crashed Iran bitumen prices were between 400.00USD to 500.00USD/MT. Our prediction is that the prices of bitumen will push upwards to close the gap which has been created in this industry over the last 1-2 years.
Our suggestion to bitumen importers and bitumen brokers, as previously stated in our news section before this price increase is the same. With bitumen prices on the rise investing in your bitumen purchase before bitumen prices rise once again in Iran’s stock exchange will be an investment worth making.

Embossed Pasargad Bitumen

Buy Embossed Pasargad Bitumen

Why should I buy embossed Pasargad bitumen?

Bandar Abbas Bitumen Refineries are effected by slow VB output. While it appears Bandar Abbas Refinery which supplies Vacuum bottom for the production of bitumen is going into overhaul, our company is able to secure bitumen from Pasargad Oil refinery or Jey Oil Refinery until this issue is resolved. It should come as no surprise that the prices embossed Pasargad bitumen are slightly higher than privately produced bitumen. The main reason for the price difference is the consistency in their quality. Some private refineries have been known to utilize different products other than the main ingridient for bitumen productions which is VB therefore when you purchase Government produced bitumen which is “embossed” with their label you are buying yourself an extrra layer of protection and that protection costs a little extra.

If you require to buy Pasargad embossed bitumen or Jey Oil embossed bitumen, please send us your inquiry to bitumen inquiry and we shall send you our best possible Pasargad or a Jey Oil bitumen offer.

You may also contact us on whatsapp messanger at + 98 912 1016609

Crude Oil price increase affect Iran bitumen prices

Crude Oil price increase affect Iran bitumen prices

Crude Oil price increased 6% after Opec decided to limit crude production. How will this affect Iran bitumen prices?

While there was much resistance to cut output of crude by Saudi Arabia and Iran, this shift in position to lower output comes as a surprise to most of us. Traditionally, there has been a correlation between crude prices and bitumen rates. Our prediction is that as the world’s oil rich nation curve their production towards reduction in production Iran bitumen prices will increase. This is why we recommend that you plan ahead and purchase your bitumen before an unwanted increase in prices takes effect.