Bitumen Rising Trend
Oil prices decreased by about 7 $ last week due to some possibilities for a lower tension in the Middle East. Talks started in Cairo for Gaza truce and it brought the possibility. Negotiators have not announced any success yet.
Bitumen makret had several increases in East Asia. Singapore and South Korea raised their rates. Bahrain also increased the price by 50 USD after a long-term stability. In Iran, prices stayed unchanged despite 12 % competition over VB. European markets also have a uptrend.
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 $ 440 – $ 445 and South Korea is currently $ 415 – $ 420. Bahrain bulk stayed at 380 USD. 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.
