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.
This article was prepared by Mahnaz Golmohammadian, the account manager and market analyst of Infinity Galaxy.
