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13 Mar 2025

15:07

Bitumen 60/70

333$

+

-

3$

Iran - Bulk

3.3%
Bitumen 60/70

405$

+

-

3$

Iran - New Steel Drum

2.7%
Bitumen 60/70

405$

+

-

3$

Iran - New Steel Drum

2.7%
Bitumen 60/70

380$

+

-

3$

Iran - Jumbo Bag

2.9%
Bitumen 60/70

371$

+

-

3$

Iran - Flexitank

3.0%
Bitumen VG10

397$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen VG30

397$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen VG40

400$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen C170

401$

+

-

3$

Iran - New Steel Drum

2.7%
Bitumen C320

400$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen AH70

396$

+

-

3$

Iran - Jumbo Bag

2.8%
Bitumen PG 76-10

411$

+

-

3$

Iran - New Steel Drum

2.7%
Bitumen 200/300

400$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen Oxidized 115/15

363$

+

-

2$

Iran - Carton 25KG

3.0%
Bitumen Oxidized 105/15

363$

+

-

3$

Iran - Carton 25KG

3.0%
Bitumen Oxidized 85/25

363$

+

-

3$

Iran - Carton 25KG

3.0%
Bitumen Oxidized 95/25

366$

+

-

3$

Iran - Carton 25KG

3.0%
Bitumen Emulsion CRS-1

505$

+

-

5$

Iran - Reconditioned Drum

2.2%
Bitumen Emulsion K1-60

539$

+

-

5$

Iran - Reconditioned Drum

2.0%
Bitumen Emulsion CRS-2

552$

+

-

5$

Iran - Reconditioned Drum

2.0%
Bitumen Cutback MC70

626$

+

-

5$

Iran - Reconditioned Drum

1.8%
Bitumen Cutback MC30

636$

+

-

5$

Iran - Reconditioned Drum

1.7%
Bitumen Cutback MC250

606$

+

-

5$

Iran - Reconditioned Drum

1.8%
HSFO CST 180

439$

+

-

5$

Iran - Bulk

-0.5%
HSFO CST 380

436$

+

-

5$

Iran - Bulk

0%
HSFO CST 180

460$

+

-

5$

Singapore - Bulk

-0.2%
HSFO CST 380

457$

+

-

5$

Singapore - Bulk

0%
Crude Oil Dubai

69$

+

-

5$

United Arab Emirates - Bulk

1.4%
Crude oil WTI

67$

+

-

5$

United States - Bulk

1.5%
Crude Oil brent

72$

+

-

5$

United Kingdom - Bulk

0%

Bitumen Price Articles

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Bitumen Market Confusion Along Crude

Bitumen Market Confusion Along Crude

Time to read: 2 minutes

Writer: Shirin Yousefi

Rex Fuels’ Bitumen ConferenceIt’s important to mention that we created the current weekly report following the previous conference on Rex Fuels’ bitumen and bitumen modification at Taj Palace, New Delhi. As a conference exhibitor,we were able to attend the event to meet all its valued customers and talk about the latest state of the bitumen...

Publish Date: 2021/11/28

Global Concerns for Crude and Petrochemicals

Global Concerns for Crude and Petrochemicals

Time to read: 1 minutes

Writer: Mahnaz Golmohammadian

Market Flip Along with CrudeFollowing crude oil reductions in the recent weeks, petrochemicals were also reduced in most of the regions. In the Middle East, bulk bitumen was nearly stable in the former price ranges of $375 – $385 but new steel drums underwent about a $10 decrease and got to $440 – $450. In...

Publish Date: 2021/11/23

Turmoil Remains to Confuse Merchants

Turmoil Remains to Confuse Merchants

Time to read: 30 second

Writer: Shirin Yousefi

Fuel Rising SharplyIn certain pieces of Europe, the Middle East, and Africa, the request is solid for base oil, while it is dialing back in some different nations as regular during this season. As of late, oil was fluctuating between $80 – $85. This could be expected to decline requests and the need to decrease...

Publish Date: 2021/11/21

Market Participants Looking for Opportunities

Market Participants Looking for Opportunities

Time to read: 1 minutes

Writer: Mahnaz Golmohammadian

Price Increase Possibilities Up to Q1-Q2 Bitumen experienced fluctuations in the range of $10 – $20 in most of the regions during last week. The price increase was the result of shipping obstacles, freight increase, and vacuum bottom higher prices. In the Middle, East prices had tolerated more volatility compared to Africa, Europe, and China...

Publish Date: 2021/11/16

Petrochemicals Slow Down Along Oil

Petrochemicals Slow Down Along Oil

Time to read: 1 minutes

Writer: Shirin Yousefi

Fuel Temporary ReductionsFollowing tax cuts in Indian states and a sharp drop in petrol and diesel prices, fuel prices remained unchanged for the sixth consecutive day. Generally speaking, crude oil prices have risen to over $85, a three-year high. The decision by OPEC+ to gradually increase output in December could push crude oil prices even...

Publish Date: 2021/11/14

Competitive pressure Disrupting the Market

Competitive pressure Disrupting the Market

Time to read: 1 minutes

Writer: Shirin Yousefi

Freights and GRI OutlookGenerally speaking, the market was stormy at the start of the week, with the IME observing 22 percent competition on VB by Bandar Abbas refineries, but after that, a downward trend in VB competition was observed, which can be attributed to the start of Diwali in India, buyers’ rejection of the FOB...

Publish Date: 2021/11/07

Stronger Market Outlook of Petrochemicals

Stronger Market Outlook of Petrochemicals

Time to read: 1 minutes

Writer: Mahnaz Golmohammadian

Price Hikes of the Middle EastPetrochemicals were still on the uptrend as oil prices remained relatively steady and demand kept rising. Bitumen market prices boosted during the last week of October neglecting the slight decrease of crude. Demand for various grades of bitumen is flowing to the market since traders do not want to stay...

Publish Date: 2021/11/02

Bullish Markets of Commodity and Petrochemicals

Bullish Markets of Commodity and Petrochemicals

Time to read: 1 minutes

Writer: Shirin Yousefi

Bitumen price fluctuation SurprisesGenerally speaking, significant changes have occurred in the bitumen market in the last week. In less than 7 days, the FOB price of Bandar Abbas surpassed 475 US dollars per ton due to fierce competition on the vacuum bottom, oil price stability in the 85 channel, and excessive demand for bitumen. In...

Publish Date: 2021/10/31

Traders Keep Up with Price Hikes

Traders Keep Up with Price Hikes

Time to read: 1 minutes

Writer: Mahnaz Golmohammadian

Commodities Leading the MarketBitumen and petrochemicals carry on the upward trends for another week. In the Middle East, bulk and new steel drum bitumen spiked nearly 20 US dollars. Market participants are currently trading bulk bitumen around $375 – $385 and the new steel drums for $450 – $460 since the first of the week,...

Publish Date: 2021/10/26