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$/MT.We are expecting after new year on April 5 price comeback to 285$/MT or more and demand increase in market.
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
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.
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.