Wed, 01/25/2017 - 13:10 -- admin

 

Bitumen prices are again soaring up in Iran ports.

 

"Suppliers are experiencing new high record prices for Vacuum Bottom feed and therefore, the final product gets more expensive" said Emad Honarparvar, CEO of Modiran Trading Company.

He also counted three more reasons for some oil products getting more expensive, less traded and lacked in supply, like Base Oil and RPO:

 

  1. Iran's NIOC management is focusing on selling finished oil products like engine oil, motor oils etc instead of raw products like base oil, SN, RPO etc
  2. The global market seems steady on oil production freeze program and the oil price remains above 50 USD per barrel
  3. The market demand for Iranian oil and petrochemical products seems promising and many countries are seeking advantages out of the The Joint Comprehensive Plan of Action (JCPOA) which is known commonly as the Iran deal or Iran nuclear deal.

 

Market Forecast:

The Oil prices seem to be steady in the first 6 months of 2017, the dollar gains some more strenghth and the political situation of the Middle East seem to be under the shade of coming Iranian presidency election which will be on May 2017.

 

So the prices of Bitumen and other oil products should be in a slightly rising trend from the beginning of 2017 till the end of second quarter.

Iran Bitumen Market exclusive News Digest and Market Analysis, 25th Jan 2017

Quick Access

Use below links to access in depth services in Iran Bitumen Market website:

Be the first who knows!

Let us inform you with the latest updates and news on Iran Bitumen market and HOT offers!

Subscribe Here

 

 

 

a Marketing opportunity for all: Join Iran Oil Products now!

About our company

Modiran Trading company is a general trading firm in Iran since 2001. People have gathered here, with more experience than the company itself in Oil Producst, Bitumen, packing process, transportation, freight & international contracts. more info

Social Networks as Media

LinkedIn: Iran-Bitumen

Subscribe to our reader

Iran Bitumen: Bitumen Broker

On Twitter: BitumenMarket