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Bitumen Market Analysis and Forecast

OilProducts.ir 's Analysis team: Commodity Market analysis is important to measure past events and to be able to forecast the trends in future. Bitumen Market is strongly connected to global Oil market; prices, trends, events and scarcity of resources. The price of Vacuum Bottom reflects on Bitumen prices very directly and linearly.
There are local market variables like regional conditions (like climate etc), large governmental tenders and projects etc which have big influence on the price, from the demand point of view.

The Oil Products Market

The new Persian New year is starting soon. 1395 will begin 21st of March. The Market will be closed in Iran for two weeks. not all the days are off, but we know by experience, trade will be off during these two weeks. especially transportation will be interrupted seriously.


For the next year, which will be started soon, with void sanctions against Iran, the oil and petrochemical products market will be HOT!



Rubber Process Oil ended up this year around 230 USD per MT FOB Bandar Abbas


Bearish news brought back oil prices

iran oil refinery

Bitumen market conditions and prices remained almost unchanged since Oil prices retreated this week, retracing most of the gains achieved last week, putting crude nearly back where it started before the latest rally. WTI dropped to $46 per barrel on October 15 and Brent fell under $49. The EIA reported bearish weekly figures, which depressed crude markets. Refinery inputs dropped and crude inventories shot up by 7.6 million barrels, the most in six months. The jump in storage levels renewed fears of oversupply.

100,000MT Bitumen offered and bought in Iran Mercantile Exchange Market in one day

The global market especially the western companies are waiting to see the real impacts and effects of Iran Nuclear talks. "the removal of banking and other trade related sanctions will encourage the western companies to involve in Iran's market more serious than ever; as the global economy needs Iran's market contribution to overcome the remains of the economic crisis from last decade" says Emad Honarparvar, Trader at Iran Mercantile Exchange Market.

Oil prices stabilized or ready for another drop?

Oil prices

Oil prices have stabilized somewhat around the $60 per barrel mark, and over the past few weeks oil has shown less volatility than what we have grown used to in the preceding six or seven months. Emad Honarparvar, CEO of Modiran Trading says: "Iran and Saudi Arabia continue to contradict in benefits from new oil prices, and this is not only about economics."

Iran Market hotties: Bitumen, Slack Wax and Base Oil

buy-bitumen.com: after a series of fluctuations in oil products market following crude oil prices fall and thanks to USD/Rls rate, Iranian market now can offer affordable prices for international traders and buyers.
In the Bitumen market prices are down to 431 USD per MT FOB BND for the most flexible payment terms, while the maximum price offered is around 460 USD per MT. The freight costs to Shanghai, Nhava Sheva and Jebel Ali remains the lowest, around 4-5 USD per MT adding local THC of 133 USD per 20' container (so called BOX)