Iran Bitumen Price
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BITUMEN PRICE ON OCTOBER 2018
BITUMEN PRICE IS NOT CLEAR IN IRAN AND EACH COMPANY SELLING AT DIFFERENT COST CALCULATION SINCE NEW RULES PUSH EXPORTER TO RETUN THE VALUE OF CARGO TO IRAN WITH SPECIFIC EXCHANGE RATE WHICH IS NOT POSSIBLE SINCE RAW MATERIAL CALCULATING BASED ON FREE MARKET EXCHANGE NOW!
Bitumen price since July 21 till 21 August
Iran bitumen price was not clear since beginning of July till today that is why i didnt update it.Government create a rule for some of products inclduing bitumen that exporter must bring back the USD to Iran and in specific exchange (50% less than market price) rate then price jumped up and nobody intrest to sell the cargo and everybody waiting to get new news from govenrment to resume the export.
BITUMEN PRICE SINCE MAY 23.,TO JUNE 23 2018
Custom issue and clearance of bitumen already sorted out but govenrtment increased the raw material of bitumen and jummped up 20% which is around 40$/MT so bitumen 60/70 and 80/100 reached to 300~305$/MT packed in drum.
BITUMEN SALES TILL MAY 23 2018 IS ON HOLD TILL FURTHER NOTICE!
Government of Iran decided to hold export of bitumen till exporter get import license from ministry of oil and then custom would be able to do clear.
After 7 days still thete is not any infrastructure and all of export is in pending status and waiting for ministry of oil.
By this way any bitumen price in market is fake and buyers need to wait.
BITUMEN PRICE BREAKING NEWS APRIL 11 2018 !
After too much flactuation on USD value in Iran and decrease of the price from 320 to 310USD now market is freezed to see how government will control the USD and at what rate it will get stable rate compare rial.All customer should more care from whom the are buying since givernment refineries are not selling now and nobody knows what would be purchase price!
As soon as price declared and released we will show it here!
BITUMEN PRICE FROM FEB 22 TO MARCH 22 2018
BITUMEN MARKET IS NOT STABLE AND DUE DAILY FLACTUATION OF USD AND DEPEND OF DEPO OF FACTORIES THERE IS DIFFERENT RATE BUT GOOD GUALITY IRAN BITUMEN 60/70 AND 80/100 IS STARTING FROM 320 TO 330USD/MT NOW.
IRAN BITUMEN PRICE FROM 05 FEB TO FEB 22 2018
SINCE USD SUPPORTING EXPORT,BITUMEN PRICE DECREASED TO 285$/MT BULK AND 310$/MT IN DRUM .WE ARE EXPECTING PRICE COME DOWN MORE SINCE WE ARE REACHING TO IRANIAN NEW YEAR AND PURCHASE OF LOCAL COMPANY WILL STOP AND AVAILABILITY OF BITUMEN WILL BE MORE AND WOULD BE A PUSH TO COMPRESS THE PRICE AGAIN.
IRAN BITUMEN PRICE FROM 22 JAN TO FEB 5 2018
DUE DEVELUATION OF RIAL BITUMEN EXPORTER OFFERING BETTER PRICE
IRAN BITUMEN PRICE FROM 5 JAN TO JAN 22 2018
DUE INCREASE OF USD IN IRAN AND PREPARATION OF DRUM FROM LOCAL MARKET IN RIAL CURRENCY THERE IS SOME ADVANTAGE ON IRAN BITUMEN PRICE PACKED IN DRUM SO BITUMEN 60/70 AND 80/100 BOTH CAN SUPPLY BASED ON 335$/MT ALSO BULK PRICE OF BITUMEN IS 305$/MT NOW.
IRAN BITUMEN PRICE FROM 22 DECEMBER TO JAN 5 2018
NEW PRICE OF BITUMEN (BITUMEN 60/70 AND BITUMEN 80/100) IS 345 FOB BANDAR ABBAS PACKED IN DRUM AND BULK PRICE 318$/MT.THE PRICE WAS SUPPOUSE TO DECREASE BUT AGAIN 7 USD INCREASED AND FUTURE OF MARKET SHOWING MORE DEMAND IN MARKET.
Bitumen price from 22 November to 22 of December
َAfter decision of IME and government regulator of price,from 22 of Nov they started to calculate the Vacuum bottom which is raw material of bitumen by other formula:
1. before was based on offical rate of central bank of Iran and now is USD base on free market rate which is 20% higher!
2. adjusting VB price was monthly and they decided to control the price in short time and release the sales price of VB every two weeks.Now everybody quoting higher than expected rate to be on safe side but it is better to wait till Monday 27th of Nov. that IME will offer bitumen price then official rate will specify.
As per above reason,the bitumen price will fix base on 350~355USD/MT FOB of BND.
Bitumen price October 22 up to 22th of November 2017
Bitumen price increase 6$/MT and reached to 240$/MT bulk and 292$/MT packed in 185Kg steel drum FOB of BND.
Reason of increasment is cost of vacuum bottom which is 6$ increased and the same rate applied to bitumen price. Other reason is competition of refineries to purchase the feed and this week(October 22-29) just 10000MT VB was offered in IME but 70000MT was demand of Bandar Abbas refineries and up to 10% they increased the rate.
Bitumen price October 1 up to 22 October 2017
Price of bitumen due increase of oil price increased.This increasement is due shortage of VB in Iran market and also competion of refineries to buying the raw material in very high rate.Normally price of VB has base price and then buyers competiting to buy it and anybody who bid higher percentage can take more cargo.So one of the reasons is competition.The second reason is oil price which is jumped up due Independent of Kurdistan and block of oil pipe like by Turkish goventment and risk of shortage of crude oil based on 600000 barrel per day which is a shock in market.
Price of bitumen based on 100% in advance is 279 and 30-70TT is 284$/MT now Jey bitumen embossed cargo.Pasargad bitumen is 3$ less and same terms.Other private refineries offering 275-278$/MT FOB of Bandar Abbas.
Bitumen price September 3 2017 to 22th of Sep.
Now is high season for bitumen all other bituminous products like bitumen roll sheet, bitumen primer , water base bitumen and solvent base bitumen So demand in market increased too much and rainy season also in India and East Asia stopped So all buyer resume to work and recently even some of refineries faced with shortage of raw material!
So current price increased too
1. Pasargad bitumen price is 272/MT
2. Jey bitumen is 277$/MT
3. Other refineries between 260 to 265 depend on payment term and delivery time.
Bitumen price Aug 01 2017 valid to 22th of Aug.
Bitumen price kept stable condition and remain same as July rate but since USD value decreasing and oil price increasing definetly Maximum till 22 of August the bitumen price will increase.
Another reason of increase is Monsoon season in India which will finish soon and order will resume and refineries will get busy more.
The current bitumen price is:
1. Pasargad bitumen price is 268$/MT
2. Jey bitumen is 270$/MT
3. Other refineries between 260 to 265 depend on payment term and delivery time.
Date:July 02 2017
Price of bitumen decreased too much compare to June becuase:
1. The main reason of decrease is oil price dropped
2. India refineries reduced the price 22$/MT for this months
3. Apart from these two important items exchange rate of Rial(Iran currency) to USD getting weak and is good for export business.
Accoring to above reason Iran bitumen price adjusted to 275$/MT Jey brand,270$/MT Pasargad brand and other refineries is 260-265$/MT.
These prices is based on TT payment 30-70 and in case 100% in advance the price would be better
PLEASE HESITATE IRAQI CARGO WHICH IS HIGH VISCOZE/BAD SMELL/AND PRICE IS 230$/MT NOW!!!
This price is valid till 20 days later subject to change of exchange rate in Iran.
Date:June 08 2017
Due confilict between gulf countries and Qatar,They stop to sell building material to Qatar and one of the important material has been Bitumen.For the bitumen before they had contracted with BAPCO which is near then but since Qatar has not access to them anymore they came to Iran to buy the bituminous material.There is football worldcup in Qatar and they need to procure the bitumen to finish the rings around Doha.
Recetly alot of inquiry came from Qatari companies and they are looking for big quanity of bitumen so it is some signal to increase the price on next week between 2 to 5$/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$/MT or more and demand increase in market.
Bitumen price in Iran has relative to below items:
Bitumen sellers offer levels to the customers
Bitumen sellers postings rates to the own pages
Discounts to offer levels/postings that Bitumen seller typically offer their customers
The price at which buyers of bitumen tell iranrequest they would be willing to buy
The buyer of bitumen says iranrequest they have been quoted by their supplier.
The price at which local, state, provincial or federal authorities contract product by tender
Price changes in local residual fuel oil markets
Price change of Iran bitumen refineries.
Price changes at competing or nearby bitumen markets
Delivered-to-site prices, where the assessment is on an ex-works basis
Transportation costs of bitumen tanker
Updated bitumen price on Januery 2.2017
Updated on December 5.2016
Bitumen 60/70 and 80/100 is 254$/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. iranrequest 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.