Iran Bitumen Price
To get today last updated rate of bitumen please directly contact to Mr.Salar Sabbagh on 00989125125676(whatsup)
Date:June 08 2017
Due confilict between gulf countries and Qatar,They stop to sell building material to Qatar and one of the important material has been Bitumen.For the bitumen before they had contracted with BAPCO which is near then but since Qatar has not access to them anymore they came to Iran to buy the bituminous material.There is football worldcup in Qatar and they need to procure the bitumen to finish the rings around Doha.
Recetly alot of inquiry came from Qatari companies and they are looking for big quanity of bitumen so it is some signal to increase the price on next week between 2 to 5$/MT.
So final price may adjust as below:
Price of bitumen 60/70 & 80/100 is aprox 272$-275/MT including certifiate of quality and quantity FOB of Bandar Abbas.
Updated bitumen price on May.28.2017 to June 15.2017
Due too much oil flactuation in market and weekly decrease and increase ,Manufacturer and exporter of bitumen are not able to specify stable price for a week.While everybody was waiting for decrease of price suddenly price of VB jumped 7$/MT and then 5 days later oil price decrease 4.7%!
So buyers can not make decide when is right time to buy but still bitumen market expecting some decrease and end on this week new price may release.
Current price of bitumen 60/70 & 80/100 is aprox 270$/MT including certifiate of quality and quantity FOB of Bandar Abbas.
Updated bitumen price on May.1.2017 to May.20.2017
Bitumen price finally increased becuase of Iran election!Government controlling FOREX and value of local currency(Rial) compare USD getting strong and it is not good for exporter since they are calculating on balance payment after ship the goods the value of USD would be lower than now.
Another issue is increase of oil price and effected on HSFO 180 price!It is key material to calculate price of all petroleum product accoridngly.Aprrox. 15$/MT increase and this number directly added on bitumen price.
Expect of market for bitumen price is increased till 24 days later and after than come down due starting monsoon season in India and all construction project will stop due high flood.
Current price of bitumen till May 20 is approx 275USD/MT FOB of Bandar Abbas Iran.
Updated bitumen price on April 12.2017
Bitumen price started to increase due below reason:
- The high consumption season in US.
- OPEC considering to expand their Crude Output Cut agreement.
- Libya pipeline supply blockage
- Uncertainty due to the US attack on Syria
So it is effected on oil and petroleum commodity.The most updated Iran bitumen price on April i s 255$/MT FOB of BND.
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.
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.