Positive Trends In Different Markets
Petroleum and its sub-products had a bullish week in most regions. Brent could jump above $ 85 for the first time since November last year. WTI also closed above $ 80. The positive attitude is still strong due to the constructive demand outlook.
Bahrain, after weeks of keeping rates unchanged, increased the price by 20 $. Europe and East Asia markets had a rising trend too. In Iran, despite being at the beginning of the new year, vacuum bottom base price increased by 15%.
India, on the other hand, decreased the price by 7 $ in mid-March. Its market will probably have a stable market for the first half of April.
In the Middle East, the new steel drum bitumen was in the range of $ 360 – $ 365 and the bulk bitumen was in the range of $ 280 – $ 285. The bulk of Singapore is volatile in the range of $ 410 – $ 420 and South Korea is currently $ 400 – $ 410. Bahrain bulk recorded 380 USD at the end of the year. You can contact me for more information or bitumen inquiry, Click here.
