Iran bitumen price March 2017

Iran Bitumen Price

Updated bitumen price on March 1.2017

Since Iranian company preparing to leave office to start new year on March 21,there is less intrest to buy raw material and store in factory due unavailbility of truck to transit the goods to port so price of bitumen 60/70 and bitumen 80/100 compare last month decreased and reached to 270$/MTwink.We are expecting after new year on April 5 price comeback to 285$/MTyes or more and demand increase in market.

The bitumen price is based on 185Kg drum and 150Kg drum has premimun rate based on 10USD/MT.

Bitumen price in Iran has relative to below items:

Bitumen sellers offer levels to the customers

Bitumen sellers postings rates to the own pages

Discounts to offer levels/postings that Bitumen seller typically offer their customers

The price at which buyers of bitumen tell ATDM they would be willing to buy

The buyer of bitumen says ATDM they have been quoted by their supplier.

The price at which local, state, provincial or federal authorities contract product by tender

Price changes in local residual fuel oil markets

Price change of Iran bitumen refineries.

Price changes at competing or nearby bitumen markets

Delivered-to-site prices, where the assessment is on an ex-works basis

Transportation costs of bitumen tanker

 

Updated bitumen price on Januery 2.2017

Bitumen price has too much flactuation now since USD value compare rial has daily big flactuation.Today price of bitumen 60/70 and 80/100 is 280USD/MT FOB of BND based on minimum 500MT and including SGS certificate of quality and quantity.
The bitumen price is based on 185Kg drum and 150Kg drum has premimun rate based on 10USD/MT.
Most of exporter selling the bitumen price based on Rial now and adjust the payment relative to Rial to be on safe side.

Updated on December 5.2016

Bitumen 60/70 and 80/100 is 254$/MT FOB of Bandar Abbas in 185Kg drum and 261$/MT packed in 150Kg drum.

other grade of penetration bitumen is 15$/MT higher than bitumen 60/70.

Since USD value compare to Rial increased it is supporting export price and there is advantage for Iranian bitumen dealer to export more.

Another issue is increase of oil price after OPEC agreement.Since they decided to decrease the production ,oil price increased and effected in bitumen price.

Update on Nov. 15,2016 unit price is 265$ per ton FOB of BND for bitumen 60/70 and 80/100 in 185 kg drum and 275 in 150 kg drum.

after ministry of oil cancled the increase of lub cut for domestic market it is effected on bitumen price and starting to come down and on first step 25$ per ton the raw material which is VB vaccum bottom dropped. Such flactimuation for bitumen price is irregular and bad experience for buyer since they can not decide to buy when and at what rate. ATDM able to supply some ready cargo now with very low rate since Inidan buyer faced with Rupee problem and unable to complete the balance.

 

Update:Nov, 6.2016

After demonstrate near ministry of oil ,price of bitumen will come done step by step!

The main reason is local factories that can not compete with international bitumen market. So be ready for collapse of price now since FOB rate of bulk bitumen in Singapore is 220$ , Thailand is 180 and Korea is 195$ per ton. So there is not enough room for high cost to pay for Indian buyers who taking 30% of Iran bitumen.

It is better to wait some days but don't forget Election of USA  may drop or  increase the oil price. Today FOB price of Iran bitumen packed in steel drum is between 280 to 310$ per ton depend on brand and payment term.

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