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13 Mar 2025

19:01

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%

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Middle East Tensions Drive Spike in Bitumen Prices

Middle East Tensions Drive Spike in Bitumen Prices

Bitumen prices in Iran have significantly increased due to recent political changes and a shortage of vacuum bottom supply. Following the assassination of a Hezbollah leader and an Iranian general in Israeli airstrikes, Iran retaliated by launching over 200 ballistic missiles at Israel on October 1. These missiles were tracked by the U.S., the U.K.,...

Publish Date: 2024/10/07

Emerging Cyber Conflict in the Middle East and Possible Price Fluctuations

In Iran, bitumen production faces shortages of vacuum bottom and containers, with exports strained by logistical issues and fluctuating oil prices. The explosion of hundreds of pagers in Lebanon has triggered a new wave of attacks against Hezbollah, attributed to Israel. Meanwhile, during his first press conference, Iran’s president claimed that Israel is attempting to...

Publish Date: 2024/09/23

A Sharp Plunge in Crude Oil Prices

A Sharp Plunge in Crude Oil Prices

In India, bitumen prices declined early September, with more drops expected later. In Iran, prices remain steady due to holidays but are likely to follow oil trends afterward. On Tuesday, September 3, just two days after the discovery of six Israeli hostages’ bodies, large-scale protests erupted across Israel, targeting Prime Minister Netanyahu. Protesters accused him...

Publish Date: 2024/09/08

Challenges in the Middle East Amid Global Concerns

Challenges in the Middle East Amid Global Concerns

Bitumen prices in Iran are stable, but exports are complicated by global recession fears and port congestion. In a recent phone call between U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu, Biden emphasized the urgent need for an immediate ceasefire in Gaza and progress on agreements for the release of hostages. Meanwhile, tensions...

Publish Date: 2024/08/25

Oil Prices Spike Due to U.S. Economic Recovery and Regional Turmoil

Bitumen prices in Iran have increased due to refinery competition, heat waves in the Persian Gulf, reduced port hours, and congestion at key ports. Potential regional tensions may push prices up further. In the past week, three European presidents voiced their concerns over the escalating tensions in the Middle East through a joint statement. They...

Publish Date: 2024/08/18

U.S. Economic Crises vs. the Middle East Tensions

U.S. Economic Crises vs. the Middle East Tensions

The price of vacuum bottom in Iran decreased by 7% on August 5 due to the rising dollar rate against the rial and concerns over regional crises; however, bitumen prices did not decline significantly. Efforts by the international community to de-escalate tensions between Iran and Israel in the Middle East have so far failed to...

Publish Date: 2024/08/11

The Upsurge Trend of Crude Oil

The Upsurge Trend of Crude Oil

In Iran, the new president began his term on July 31 and is set to introduce his cabinet soon. After the assassination of Ismail Haniyeh, the dollar-to-rial exchange rate increased, causing market uncertainty. The assassination of Hezbollah’s second-in-command at the Lebanon border and the simultaneous killing of the head of Hamas’s political bureau in Tehran...

Publish Date: 2024/08/04

Despite Concerns about Crude Oil Prices, Bitumen Has Surged

Despite Concerns about Crude Oil Prices, Bitumen Has Surged

The bitumen market in Iran is on the rise due to a 2.5% increase in the base price of vacuum bottom, significant growth of Middle East fuel, and rising domestic costs. On July 21, Joe Biden withdrew from the U.S. presidential election, and two days later, Kamala Harris was officially named the Democratic candidate. AXIOS...

Publish Date: 2024/07/28