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All India Bitumen Conference (AIBC 2018)
West Bitumen & Asphalt
 

Iran bitumen prices are volatile and moving in a big range based on suppliers special relationships and risk appetite as new pricing policies take affect

 

Iran FOB prices are uncertain as new offers are emerging as VB prices have gone up. NIOC has a new pricing strategy based on calculation with the exchange rate that has created much confusion and bitumen suppliers are waiting and watching to see firm prices for VB. It was reported that there will not be the usual 10% competition rate in IME and there will be open competition for VB prices meaning whoever offers the higher prices will get more VB.

NIOC has a new pricing strategy based on calculation with the exchange rate that has created much confusion and bitumen suppliers are waiting and watching to see firm prices for VB. Iran FOB drums bitumen prices reported at USD 370 - 430 PMT, while Iran FOB bulk bitumen prices reported at USD 320 - 360 PMT. Iran FOB prices are uncertain as new offers are emerging as VB prices have gone up. It was reported that from yesterday that there will not be the usual 10% competition rate in IME and there will be open competition for VB prices meaning whoever offers the higher prices will get more VB

Jey Embo prices reported in the range of USD 430 to 440 PMT & Jey non emobossed prices reported in the range of, USD 410 to 420 PMT & Private bandar abbas prices reported in the range of, USD 385 to 400 PMT & Iraqi cargo prices reported in the range of, USD 320 to 350 PMT and Old private cargo prices reported in the range of, USD 370 to 380 PMT.

Actually now because of limitation in selling exchange officially Iran has many bitumen rates in the market based on suppliers special relationships and how much risk they want to take at the moment

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