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Updated oil price on June.14.2017
The reason of Volatility of oil and RPO in June 2017 , According to the Energy Information Administration America (EIA) :
- The decline in oil inventories America in compare of what they expect before
- High demand of gasoline and petroleum product by starting the summer
- 10% Growth in producing petroleum product
- According to International Energy Agency Energy (IEA) growth in production of non opec refinery’s
- Growth in Dollar index
- Libya’s national oil company increased production by one million barrels per day by the end of July
following above mentioned reason rubber process oil price fall according to last report of platts HSFO180, pls contact us for more info regarding RPO/ furfural extract / TDAE / DAE
Updated rubber process oil price on May.30.2017
rubber process oil/DAE oil/TDAE / furfural extract price depends on HSFO 180 persian gulf price according to platts offer which release during week .
Rubber process oil price in Iran has relative to below items:
Rubber process oil prices depend on crude oil price and crude oil price has an international price which depends on many factors as below mentioned:
In high season of rubber process oil when most of the refineries have been sold out their extract oil and may don’t have cargo for around 1-3 month prices of other refinery will goes up .
If there was any damage or explosion in on refinery prices of RPO will increase
High supply of rubber extract oil means demand is low, which means that the prices will be low, too; in case of a low supply processing oil increases demand and raises prices.
If there is any change in Packing prices like steel sheet of drum when packing of RPO extract is drum or poly ethylene or plastic material price when packing is flexi bag .
Dollar exchange rate also has an effect on rubber processing price, depends on many factor like political issues.
Natural and man-made disasters can drive up oil prices if they are dramatic enough.
Local demand of furfural extract may affect higher price when exporting process oils.
Local transportation cost may increase or decrease prices of extracting oil.