Iran Bitumen

Bitumen website for sale!

2011-09-06T22:45:00.000-07:00

I've ran this website for a long time: http://www.buy-bitumen.com/
the website has a reasonable page views and unique visitors per day, newsletter, search, online order and contact form abilities.
It has a very good ranking in Google with search terms like "buy bitumen", "iran bitumen", "bitumen packing methods" and many other bitumen related keywords.

I'm about selling this website! the reason is my company mostly deals with few existed clients and new orders are ignored almost always!

the price including the domain name, website design and content, hosting service for one year is 5000 Euro
please let me know if you are interested, or you may introduce someone who may be.
contact me: +98 912 149 6126 or honarparvar at gmail dot com

Time Limited Offer for Iran Bitumen availability

2011-06-25T04:58:00.000-07:00

Dear friends,I have a limited availability for a limited time offer!

4000 MT, bitumen grade 80/100 and 85/100 (2000 MT Each)

Packed in new steel drums

FOB Bandar Abbas

Payment: Cash upon delivery of documents (FOB)

Origination: Pasargad Oil refinery, Iran

Delivery: right now!!

Price: 614 USD per MT

Dead line: 1^st July 2011

Please feel free to contact me by email: honarparvar[at]gmail.com

Inability to sell bitumen in bulk from Iran

2011-06-03T06:32:00.000-07:00

many clients are asking us for bulk bitumen, while many others wonder why the prices we quote are high (for same reason, it's not bulk bitumen, it's packed in new steel drums which adds approximately 60 USD per MT to the product)
well, the truth is we are unable to sell bulk bitumen from Iranian refineries because of two simple and basic reasons:
1. we don't have resources for road transportation of bulk bitumen in huge quantities (like 10,000 MT per month)
2. we don't have bulk bitumen shippers and vessels

NEW Availablity! Bitumen Prices from Iran

2011-04-27T23:38:00.001-07:00

Hi there,

New prices for Bitumen may be shocking, but the future of commodity market prices based on oil isn't either! It seems the prices are rising with no up-limit.

The new availability we have:

5,000 MT Bitumen grade 60/70

Origin Pasargad Oil Refinery, Iran

Price: 630 USD

FOB Bandar Abbas (ask for CFR based quoting: ogs@irxp.com)

Packing: New steel drums

SGS applied

Payment at sight LC / Bank Guarantee / Cash on delivery

7,000 MT Bitumen grade 85/100

Origin Pasargad Oil Refinery, Iran

Price: 630 USD

FOB Bandar Abbas (ask for CFR based quoting: ogs@irxp.com)

Packing: New steel drums

SGS applied

Payment at sight LC / Bank Guarantee / Cash on delivery

For all further information, contact us or visit our website: www.buy-bitumen.com

Bitumen price in Iran

2011-04-09T04:58:00.000-07:00

after a rally in price of oil and bitumen in Iran's mercantile exchange market, now in the first week of new Persian calendar year, the price of bitumen is again back to normal levels. though it seems the turmoil and chaos in the oil and bitumen market has no end in the wotrld.

at the moment Pasargad Oil refinery's bitumen based on Bandar Abbas FOB is 500 USD.
this price can be valid for a week.

Iran Bitumen Market has a new player!

2011-03-13T06:17:00.000-07:00

My company has established a new web based reference for Bitumen Market in Iran

what you will see on this website:

Bitumen updated prices based on FOB, CFR and CIF
Bitumen products, grades and availabilities in Iran
Freight, Transportation and Insurance service details
Packing methods and specifications
Online ordering service
Newsletter which helps you stay in touch with the market updates
News Service and upcoming events in Bitumen Market

This site has still a long way to go through, and we appreciate your opinions and comments.

Bitumen offer for Bangladesh market

2011-01-20T01:08:00.000-08:00

I have experienced many difficulties for trading bitumen with Bangladesh regarding payment terms. but now I have availability in selling Iranian Bitumen (Jey Oil Refinery) to Bangladeshi traders, importers and constructors.

grades: 60/70 and 85/100
Packing: new or used steel drums
FOB Bandar Abbas: 499 USD per MT (special offer for Bangladesh only)
please contact me by email on ogs@irxp.com for CFR prices and inquiring for any further information like technical test specification, Insurance terms or payment terms. anyway, the deal with Bangladesh for Bitumen is no more tough with flexible payment terms and finance facilities!
Freight costs to Chittagong port / Bangladesh
Terminal Handling Charge (THC) at Bandar Abbas port: 50 USD per each 20 feet container
Freight cost: 800 USD per 20" container
so the CFR Chittagong/Bangladesh Price would be: 542.5 USD per MT
for CIF, obviously you have to add Insurance cost which is normally not in our policies.

Bitumen prices down for record low in 2010

2010-11-30T02:26:00.000-08:00

Iranian Bitumen Prices down!!

we have a new record low price for bitumen in Iran since early 2010 now!
Bandar Abbas port in new steel drums (or bulk) from Jey and Pasargad oil refinery for as low as 400 USD per MT.

adding THC will give you rough price for FOB Bandar Abbas, which is about 413 USD per MT. the delivery is upon a 30-40 days period and it's important to notice the maximum partial shipment would be 3000 MT per month. I believe whoever promises more delivery will face problems in his duties. we have recently succeeded in LC payment terms but Iranian traders have still experiencing difficulties and problems with LC payments.
some FCR destinations have below costs to be added:

Nheva Sheva, India - 10 USD per MT
Shanghai, China - 7 USD per MT
Jebel Ali, Dubai, UAE - 5.5 USD per MT
African port like Mombasa, Kenya / Port Sudan - 65 USD per MT

how to deal with Bitumen business - packing sector

2010-10-31T06:19:00.000-07:00

Packing industry has a big stake in bitumen business in Iran (also worldwide). the most common ways are bulk bitumen carrying, steel drums and Polybags. all the 3 methods are used widely in Iran and business in this regard sound promising for investors and medium size business owners. I've heard a lot from companies from EU and China about new inventions in this sector but haven't yet met any trader or refinery using these methods.

I personally prefer Polybags, as a business to start. why? because it's more innovative, needs less capital and has some advantages comparing to two other elder brothers! Some advantages using Bitumen packaging bags are:

Bitumen Packed In 35Kg (+/-5%) so it's easier for lifting & carriage
Environment friendly and safer than Drums. Polybag melts along with Bitumen in melting process at site.
No waste Residual Bitumen left compared with Iron/steel drums.
Cleaner process all the way until reaching the end-user.

regarding Steel drums, let me advise you one thing: never go for used drums!! neither as a trader, nor as a customer. cold rolled steel drums coated in anti rust black with description as Follows:
Height: 98 cm
Diameter: 50 cm
Thickness: 5/6 mm
Gross Weight: 190 Kg
Net Weight: 180 Kg
Tolerance: +/-3%
these drums are much more expensive and the size of company capital needs to be tremendously higher.
and there are many big companies active in this field. the last dis-advantage about this business is you are always affected by fluctuations of metal prices world-wide.

costs: polybags are 20 USD per MT, Drums 30-35USD per MT and Bulk depends on transportation costs
also polybags are 50% cheaper in regard of human labor cost during the packing process.
and:
Cargo charges, melting process, waste handling and disposal, loss of material are other facts to be considered by traders.
the problem is the environment temperature, which should be lower than 30 degree Celsius.

well, if you have made up your mind and want to start a business in Iran regarding packing bitumen, you have to know many traders, buyers and all the main and major suppliers. for this reason maybe I can help you!

how to trade bitumen?

2010-09-11T03:28:00.000-07:00

first of all, let me tell you this is about how to trade real bitumen! not trading bitumen as a commodity in commodity markets (like NYMEX or FOREX etc)
The real bitumen is used for many construction projects and industries like road and house constructions, resins and other chemical usages.

Trading bitumen means buying or selling, or importing and exporting bitumen from its sources in countries like Iran, to destinations like Africa, India, China or Europe.

To trade bitumen within Iranian resources you have to buy it from:
a. Iran Mercantile Exchange Market
b. a dealer

a) in this case, you have to be authorized by IME. this happens when you register a company in Iran and provide the IME with enough documents on your technical and financial abilities to deal bitumen internationally. when you got authorized, you can buy bitumen from sources like Jey and Pasargad refinery directly. you buy in Exchange Market and you got the delivery in factory or in ports.

b) if you are trying to buy from a dealer, you agree on the payment terms and delivery conditions, you provide less documents and efforts, but you pay 5-10 USD per Metric Ton more. it's really important to buy from someone who has a good reputation. Don't involve yourself with middle man and commissioners who are not authorized dealers themselves.

I can help you with both above ways. feel free to contact me emad at irxp dot com

Investing your capital and time in Bitumen business?

2010-08-07T03:08:00.000-07:00

How do you feel about starting a new business in bitumen field?! My main business is providing marketing consultancy services to international companies who want to market and promote their brand, products or services in Iran, I also import industrial equipments and export raw materials from Iran. so simply bitumen can not be my main business. but I've learned a lot about bitumen related business in my own country which I'd like to share with you. so if you are wondering how to start an asphalt business, here are some suggestions to help you get off to the best possible start, but first remember, I look from this direction: Iran is exporter of bitumen and you are probably investing your new business inside Iran:
in this post I will list the title businesses and in future posts I will extract details about each case:

1. Trading Bitumen
2. Packing business (drumming, bagging etc)
3. transportation
4. shipping forwarders
5. sub-products and services
6. road construction
7. producing butimen
8. producing related products

what's the common issue among all above issues? bitumen!
I will write you guys back soon...

Bitumen pricing

2010-07-11T23:52:00.000-07:00

ICIS is a Bitumen Pricing report firm with reports every month on Bitumen market, price changes and market stats. I use their service to keep up to date with other countries and origins. I recommend you to check it as well, but remember, the prices they provide won't be the last price you can get. there are other issues not mentioned in these reports and prices are few percents different from what the end client may get.
the reports include:

The relevance and accuracy of prices/grades reported
General feedback on the content and commentary of the prototype
Whether you would purchase the report if the report was to launch?

check the site here: www.icis.com

PET flake

2010-06-20T06:25:00.000-07:00

My company is now providing new product: PET Flakes
these flakes are produced from low PVC bottles and other PET products, completely clear, white, washed and packed in 35kg bags to reduce the transportation costs.
Our recycling and flake making machine and warehouse is located in south west of Tehran, so our transportation costs are optimized. the treatment process is including crushing, washing, separating and drying is completely held in the factory.

More specification:
Place of Origin: Iran
PVC PPM below 100 (PVC impurity included in recycled PET)
color: white

Capacity: Maximum 240 MT per month
Price (20-June-2010):
Tehran (factory): 795 USD
Bandar Abbas Port: 819.5 USD
FOB Bandar Abbas: 822

PLEASE CONTACT FOR UPDATED PRICE

CFR Shanghai or any other Chinese, Hong Kong, India or other destinations are available.
delivery 3 weeks from the order

India and Middle East bitumen trade report

2010-05-13T22:35:00.000-07:00

The below report is generated by ICIS Pricing about bitumen trade state and pricing on 13 May 2010. for full report and other regions' data visit their website or contact Nadine.Spoeri[at]icis[dot]com for subscription enquirers.

As demand for imports continued to slow in India ahead of the country’s monsoon season, downward pricing pressure was seen on Iranian export prices. A 1,000 tonne bulk fixture for the Middle East markets was heard at $410/tonne FOB Bandar Abbas. With the possibility to export to India from June to August remaining very limited, most Iranian exports would find their way to Africa or the Middle Eastern markets.

Meanwhile, in the Indian domestic market, local prices remained stable after the rupee depreciated versus the US dollar, therefore neutralizing the impact of slightly lower CFR prices. List prices were unchanged at rupee (Rs) 26-27/kg ex-refinery with additional discounts of Rs 3-4/kg applicable on these list prices.

The outlook for pricing in the next three months remained soft amid the traditional rainy season low demand. The demand during this time would reduce to 25-30% of the normal and local refineries would divert production to fuel oil.

Turkey Market looks for Iranian Bitumen?

2010-05-10T08:04:00.000-07:00

in the past 4 years in the market, I've always asked myself why the deals are limited between Iran and few countries. those I know are Kenya, India, Sudan, Iraq, Pakistan, China, Tajikistan and some more countries. but for example Azerbaijan and Turkey in neighborhood have never been in the list, as far as I know.
Turkey has a big market for construction and bitumen is surely needed for many road construction and other necessities. I had an email from a Turkish bitumen trader which I responded:

Dear Mr.Emad,
We are a young trading firm from Turkey, regarding petrochemicals.
We want to supply Iran bitumen to Turkish construction firms.
Therefore we want to make co-operation with you.
I prepared a sample chart to show our customers.
Please check it and advise us if we have to add somethings.
With which refinery do you make business? JEY or Pasargad?
How much quantity do you supply us max.?
Payment terms?
And, I will meet big construction firms this week, most probably they will ask me the valid price of bitumen.Could you please give me drum and bulk price?
For bulk, do you or customer arrange ISO tank?
Best Regards,
Serkan OZTURK

I responded:

Hi Serken,
Thanks for your email. I’d be pleased to cooperate with you. As you might found out, I’m a trader/dealer of bitumen, not a supplier.
We buy from both Jey and Pasargad refineries. We pay in cash mostly and this is a key problem now. because if we want to apply on LC, we have to finance the deal ourselves which depending on the case may need 500,000 up to millions of dollars. And sometimes it’s not possible for us.
I checked the charts, they are standard and fine, you may find more details on packing etc on Jey refinery, Pasargad Oil and Iran mercantile Exchange market websites.
We can supply up to 4-5K MT per month.
Payment is preferred to be in cash! (obviously everybody prefers to receive cash!) but if I can finance the deal, I will accept LC.
Price for in drums is roughly 530 USD per MT, for bulk it starts from 400, depending on the location.
Will keep in contact with you, if you were interested in other fields, let me know as well.
Warm regards,

Emad Honarparvar

* don't consider the price up to date since the email is a little bit old.

Iran Oil and Gas Exhibition ended

2010-04-30T00:34:00.000-07:00

The 15th International Oil, Gas and Petrochemical Exhibition covered more than 10 task forces including consultant engineer groups, spare parts constructors, technical and commercial service provider companies, oil products producers, processing equipments producers, fuel consumption efficiency companies and research and training sector, general contractors, companies active in information technology fields.
among these companies you could find most of major Iranian bitumen suppliers like Pasargad and Jey refineries.

to me it sounds like iranian bitumen suppliers are losing their int'l markets since the local demand is too much and likely to take over the national bitumen supplement. just like the petrol we have to import though we have large reservoir of crude oil, I can see in future we have to import bitumen to supply our road constructions and other related projects.

the price of Iranian bitumen is still high for the same reason, but the higher quality comparing to other bitumen suppliers is still a reason for constructors to buy Iranian bitumen.

Where to check bitumen prices online

2010-04-12T23:35:00.000-07:00

it seems the bitumen market is getting hot again as the oil prices are rally and as a side effect (certainly lagging a little bit) bitumen prices follow crude oil prices. a friend has asked:

Dear Mr.Emad,

I have seen your site about bitumen in Iran and was awfully appreciated.
As a brocker,I need a site to be aware about daily price up and downs in Iran,is there any?
It helps me to accelerate my contacts and responding to emails I receive.
I have sent you email via Hotmail but not sure about receiving it maybe Virus prevent it to drop.
Hope to have fruitfull coordinating in a two sides benefits all time.

the answer is easy, Iran's bitumen is traded in Iran Mercantile Exchange market which you can check on their website (www.ime.co.ir)
right now the prices of Bitumen are as below:

Pasargad Oil bitumen 60-70 Abadan 390 USD per metric Tonne FOB Abadan
Pasargad Oil bitumen 60-70 Arak 390 USD per metric Tonne FCA Arak
Pasargad Oil bitumen 60-70 Bandar Abbas 430 USD per metric Tonne FOB Bandar Abbas
Pasargad Oil bitumen 60-70 Tehran 390 USD per metric Tonne FCA Tehran
Pasargad Oil bitumen 85-100 Tabriz 390 USD per metric Tonne FCA tabriz
Pasargad Oil bitumen 60-70 Shiraz 390 USD per metric Tonne FCA Shiraz

you have to add roughly 100 USD per MT for drumming and transportation costs + THC at port + financial costs if you are buying from a dealer. right now as far as I know it make it 580 USD per MT FOB Bandar Abbas in new steel drums considering above costs.

Iran Bitumen Analysis specification

2010-02-07T05:49:00.001-08:00

Iran Bitumen Analysis

Specifications	Bitumen 40/50	Blown Bitumen 60/70	Bitumen 80/100	Penetration Bitumen 85/100	Test Method
Specific Gravity@25/25C	1.01-1.06	1.01-1.06	1.01-1.05	1.00-1.05	D-70
Penetration@25C	40/50	60/70	80/100	85/100	D-5
Softening Point C	52/60	49/56	45/52	45/52	D-36
Ductility@25C	100Min.	100min	100min	100min	D-113
Loss on Heating (wt%)	0.2Max.	0.2Max.	0.5Max.	0.5Max.	D-6
Drop in Penetration after Heating %	20Max.	20Max.	20Max.	20Max.	D-6 & D-5
Flash Point C	250Min.	250Min.	225Min.	225Min.	D-92
Solubility in (wt%)	99.5Min.	99.5Min.	99.5Min.	99.5Min.	D-4
Spot Test	Negative	Negative	Negative	Negative	A.A.A.S.H.O.T.102

American Association of Stat Highway Officials

PACKING DETAILS: For one 20’Container load, the packings are as follows

Weight	Weight per drum	Number of Drums per container	per 20 feet container
Net weight: Gross weight:	150kg(+/- 3kg)per drum 160kg(+/- 3kg)per drum	110 drums	18.5MT(+/-3%) 19.6MT(+/-3%)
Net weight: Gross weight:	180kg(+/- 3kg)per drum 190kg(+/- 3kg)per drum	110 drums	19.8MT(+/-3%) 20.9MT(+/-3%)
Net weight: Gross weight:	200kg(+/- 3kg)per drum 217kg(+/- 3kg)per drum	80 drums	16.0MT(+/-3%) 17.4MT(+/-3%)

BULK CARGO:
*For FOB Bulk,the buyer can arrange the Vessel(Tanker) at the loading at the port.
*The source of bitumen is Iran
*Loading port is always Bandar Abbas
*Shipment often is 21 to 30 days after receiving your transferable L/C (dividable LC).
*The surveyor for Bitumen is SGS

Quantity orders vs. Quality orders

2009-12-28T23:04:00.000-08:00

one of problems bitumen buyers may experience is that in many projects you don't need more than 100-200 MT bitumen. like a small road construction or a medium road repair service, or a small refinery which produces bitumen roof seals and protection systems. While in nowadays' trade world which nobody likes to engage with many middle men and middle businesses (and indeed the communication helps you do so), for such amounts you have to go to a middle man dealer to buy a partial quantity of his load on ship. and there's a big scam here when you want to buy a small amount of bitumen, because you may encounter unqualified bitumen suppliers (while big suppliers are not interested in such deals) and small suppliers' quality sometime... sucks!

Any solution? I'll show you!
any trader and bitumen broker can provide such quantity in less than a week. in fact, there are always less than 500MT availabilities in ports while we are collecting a big order. the problem with your tiny order is not availability, it's the payment. if you are ready to pay cash on delivery or cash in advance, and if you handle the shipment yourself, there you are. all you need to do is to contact reputable dealers you know and mention you need that amount for first bid and you pay in cash and get the bitumen in the port (not FOB)

after you bought the bitumen, you should be able to contact a shipping line or a forwarder, pay the shipping cost and the THC (Terminal Handling Charge in Iran is roughly 45 USD per 20feet container) and get the Bill of Ladings yourself.

Consultancy service buying bitumen from Iran

2009-10-05T02:43:00.000-07:00

I’ve experienced many different problems regarding payments, delivery, SGS inspections etc with international bitumen traders. To be honest it’s also hard to work with Iranian suppliers since they show minimum flexibility in negotiations and making agreements. obviously, a major part of these problems and non flexibilities are due to sanctions on Iran, economic embargoes etc. What I can provide your firms in this conditions to ease the process of buying and importing bitumen from Iran, is consultancy service including:

Quoting from various reliable sources
Negotiation and signing contract with chosen supplier
Banking issues:

Dividing your transferable LC from world prime banks through our Bank in Dubai or Cyprus
OR: receiving your LC in Iranian banks from international banks who are able to issue such LC

SGS and Insurance services
Transportation, ocean freight and Terminal Handling services
Drumming process supervisory

Please feel free to contact me for further information: emad @ irxp.com

Iran Bitumen - risks again with an alert

2009-08-22T06:27:00.000-07:00

as I mentioned in my previous post, buying bitumen from uncertified and small workshops is risky. below you see an alert posted by Mr. Aghili, Iran Bitumen Analyst and trader:

Recently, and in the past disastrous results of road projects at the hands of emerging rings of smugglers are being revealed simply by the result of Road Projects world-wide. Due to demand for very low prices there are many of these rings increasing in today’s Bitumen market and this is why the legitimate suppliers are finding it harder and harder to compete with them.

What the smugglers do is place Mazut, Gilsonite, or Crude in the bottom of the drums before bitumen is poured on top. It is said up to 20, 40 or even 50% of the said impurities are placed on the bottom of each drums before 100% pure NIOC bitumen is poured on top. What occurs then is that SGS comes in and takes samples from the top, and gives them the SGS certification. The road contractor uses it, let's say in Sudan in their Road project not knowing that within 7 to 12 months the road which they have produced at heavy costs and time constructed will begin to fall apart in patches across the entire paved road. Many which use equipment to apply the impure bitumen are complaining of clogs in their equipment’s pipes a well.

Because, the cost of Mazut is 35.00 USD per MT and Bitumen much more. They save actually 300 USD x 500 KG which is 150.00 USD per MT. Naturally the can outbid any true supplier any time they wish. Our estimates in the past had been 20% impurities which would save them 68.00 USD per MT based on the present market rates of 335.00 USD per MT in Bulk.

We are obtaining pictures of disaster jobs as we speak to reveal them to our clients and Agents world wide. Please be patient for this.

If anyone is offering Bitumen at 10.00 USD more or less than a reliable supplier, we can say it is expected, but when someone offers 30.00 USD or 50.00 USD per MT less or more then they are actually doing it below our own cost. We base this based on our profit margin after costs of drumming and all other associated costs of exporting the bitumen. Our profit margin is no more than 20.00 USD per MT inclusive of 5.00 USD per MT for unforeseen costs or we add this to the profit margin. This all depends on the market trends.

We should not have to battle the people whom we work with, but the people whom we work with, should believe in us and educate buyers of the reason prices are as such. We would like to state that the people selling at incredible rates are very questionable. The projects which the false bitumen is prepared with last no longer then 7 to 12 months maximum.

Presently our union is gathering more information on such suppliers and confronting them where possible.

Unfortunately, SGS inspection will not break open a new steel drum unless there is previous suspicion. With these companies functioning with multiple names even that will be a small deterrent.

buying bitumen from Iran

2009-07-10T00:03:00.000-07:00

many traders trying to find contacts in Iran, experience a similar problem: different prices from different companies. what's the point?

the bitumen prices in Iran, like all other commodities: gold, silver, sugar, base oil etc, are considered in Stock exchange (Iran Mercantile Exchange market: www.ime.co.ir which we are a certified broker over there.) So the price we provide is: price at IME + drumming costs + transportation

Our profit is maximum 5-7%, so other's prices shouldn't be able to differ so much. but they do.
the reason is small workshops and bitumen producers and some cheating traders!

What’s the risk of buying from them? 1- quality 2- they cannot supply big amounts

If you don’t care about quality (see our quality tests) or you don’t want big amounts in a long term business, that’s fine, you can get lower prices.

Another warning you should be concern about is drumming plants who mix Jey refinery bitumen with self produced bitumen. you even can't trust SGS reports they provide. so make sure to know your business partner and do a visit to their drumming plant before you buy.

new prices and new availability

2009-01-16T22:24:00.000-08:00

Prices of bitumen are down to earth these days and I don't think it would come lower. we have a new ability to sell bulk bitumen since our company has signed a contract with a bulk career transportation company. the new prices are:

Bulk Bitumen FOB Bandar Abbas: 363 USD per MTon
Bitumen in poly bags FOB Bandar Abbas: 374 USD per MTon
New steel drums FOB Bandar Abbas: 406 USD per MTon

new payment term: LC at sight from Iranian banks (Bank of Saderat has branches in UAE, India, London and many other countries)

Iranian Bitumen may be more expensive that Saudi or Russian Bitumen, but it's believed the quality has the worth to pay more. this is the reason UAE government buys most of its bitumen needs from Iran, Jey refinery.

Bitumen market statistics in October 2008

2008-12-04T23:11:00.000-08:00

Bitumen market is getting hotter since the oil prices have fallen to more reasonable levels. in October the market in some major importers and exporters had below results. for any Iran Bitumen inquiry please send your inquiries to emad@irxp.com or call +98 912 149 6126
the FOB price for bitumen 60/70 and 85/100 in new steel drums is 485 USD per MTon.
beneath report is some parts of Petrosil Group monthly report on Bitumen market. visit their website: www.petrosil.com for a full report.

China imported 255285 MT of bitumen in October 2008 and so far this year from January to October 2008, the country has imported roughly 2.8 million MT of bitumen. Most of the bitumen has been imported from Korea followed by Taiwan, Singapore, Thailand and Japan. CFR prices of imported bitumen are arriving at a price of US$ 300 – 310 PMT and domestic refiners have been reducing prices like other regional producers in line with weaker crude oil prices. Demand in the country has been mixed with cold weather preventing construction work in parts of China.

Japan imported 19469 MT and exported 4263 MT of bitumen in October 2008. So far this year from January to October, total import has been 213141 MT and total export has been 155416 MT. Most of the bitumen exported from the country gets imported by China. With prices to China falling rapidly, Japan opts to sell most of the bitumen produced in the domestic market. Japan’s peak monthly export in 2008 was in June when the country exported 36009 MT. Since then, export volumes have been falling consistently. Japan hopes to see higher demand and stable prices before initiating exports to China once again. FOB bulk bitumen prices are currently in the range of US$ 285 – 295 PMT.

Iranian bitumen prices have fallen to US$ 380 – 390 for bulk bitumen and US$ 480 – 490 PMT for drummed bitumen. Iran has been exporting approximately 10,000 MT of bitumen a week and selling far larger quantities in the domestic market. Last year, Iran exported roughly 692000 MT of bitumen and sold 3.6 million MT in the domestic market. Pasargad Oil and Jey refining have been closing deals regularly on the Iranian Mercantile Exchange. The latest offers on the exchange have Pasargad Oil offering bulk bitumen for export at an FOB price of Us$ 385 PMT while Jey Oil has offered bulk bitumen at a price of US$ 360 PMT Ex Work Esfahan Refinery. The Iranian Mercantile Exchange has effectively brought the price of domestic bitumen and exported bitumen prices closer together resulting in less smuggling and more bitumen available for export. Iran’s main bitumen grades which are exported include grade 40/50, 60/70 and 85/100. The country exports around 52% of the total volume in bulk and 48% in drums.

Please feel free to contact me for any Iranian bitumen inquiry: send emails to emad@irxp.com

New prices, lower than ever!

2008-11-25T00:44:00.000-08:00

today's announced bitumen prices by Iran Mercantile Exchange market are the lowest for last two years.
the price of bitumen in refinery of Jey, Isfehan is 360USD per MTon. after drumming in new steel drums (180Kg net weight) and transportation to Port of Bandar Abbas it would be 495 USD per MTon FOB Bandar Abbas.

Bitumen origination Iran – Isfahan, JEY refinery
Available Grades: 60/70 and 85/100
Packing: new steel drums, 180kg net weight, 110 drums in one 20’ container

449 USD per MTon, in poly bags FOB Bandar Abbas
495 USD per MTon, in drums FOB Bandar Abbas

for analysis of bitumen click here.