Weekly Bitumen News January,23,2023
Overview of past week: Iranian bulk bitumen prices fell by $5/t, while drummed bitumen prices rose by $6/t. Asking price for bulk and drummed cargoes rose in the second half of last week on the back of higher vacuum bottom (VB) costs but demand for seaborne material fell after the price increase. Bulk and drummed […]
Weekly Bitumen News January,09,2023
1/9/2023 January 09, 2023 Overview of past week: Bulk bitumen prices fell by around $17.5/t on a fob Iran basis compared with the week of 23 December, while prices for drummed cargoes eased by $11.5/t. Bulk cargoes were sold in the $310-320/t fob range compared with $370-385/t fob seen for drummed ones. The marginal strength […]
Weekly Bitumen News December,26,2022
12/26/2022 December 26, 2022 Overview of past week: Bulk Iranian bitumen prices fell by around $11/t against the previous week, while drummed cargoes eased by $1/t. Iranian bulk cargoes were sold at $325-340/t fob basis, compared with $373-405/t fob for drummed material. Indian consumption remains under the pressure of delays in disbursement of funds […]
Weekly Bitumen News December,19,2022
12/19/2022 December 19, 2022 Overview of past week: Bulk and drummed Iranian bitumen prices fell by around $20/t against the previous week due mostly to currency volatility, with lower feedstock costs adding to the momentum. Iranian bulk cargoes were sold at $332-355/t fob basis, compared with $375-405/t for drummed material. Premium embossed drums accounted for […]
Weekly Bitumen News December,12,2022
12/12/2022 December 12, 2022 Overview of past week: Bulk bitumen prices in Iran fell by $6.5/t and drum prices slipped by $12/t respectively due to lower feedstock costs and weaker rials. Deals for bulk cargoes were concluded in the $357-370/t fob Iran range, while drummed cargoes were traded in the $398-425/t fob band. In India, […]
Weekly Bitumen News November,21,2022
Weekly Bitumen News November,21,2022 FOB Bulk bitumen prices in Iran rose by $20.5/t on the week due to persistent supply tightness, while drum prices firmed by $5/t. Deals for bulk cargoes were around $385-407/t fob basis Iran. Drummed cargoes were sold mostly in the $420-435/t fob range. Indian demand was firm. Some participants were pivoting […]
Weekly Bitumen News November,14,2022
Weekly Bitumen News November,14,2022 Bulk bitumen prices in Iran rose by $6.5/t last week amid high volatility in exchange rate as well as vacuum bottom (VB) feedstock prices. Drum prices rose in tandem by $3/t last week. Deals for bulk cargoes were seen between $365-386/t fob Iran, while drummed parcels were sold mostly in […]
Weekly Bitumen News November,1,2022
Weekly Bitumen News november,1,2022 Bulk bitumen prices in Iran rose by $10/t week-on-week, while drum prices firmed by $5/t on the back of the strength seen in vacuum bottom (VB) prices and firm demand from South Asia. Deals for bulk cargoes were seen between $347-366/t fob Iran, while drummed parcels were sold mostly in the […]
Weekly Bitumen News September,26,2022
Weekly Bitumen News september,26,2022 Bulk and drum prices in Iran slipped for the third consecutive week last week. But trading picked up and a flurry of cargoes were transacted at around $295-315/t for bulk and $370-390/t for drums. But market participants took to the sidelines by the end of the week to monitor this week’s […]