Iranian oil exports have recovered almost to pre-sanctions levels, thanks to unflinching demand from China and South Korea. The spike comes amid a steady rise in oil prices thanks to US sanctions against Venezuela and renewed conflict in Libya, and a nearly four-year low in OPEC oil production.
ran traded 150,893 tons of non-oil commodities worth $108.53 million with Sri Lanka during the 10 months to Jan. 20 to register a 52.84% increase in tonnage and a 4.35% decrease in value compared with last year's corresponding period, data released by the Islamic Republic of Iran Customs Administration show.
Iran’s exports to Sri Lanka stood at 133,208 tons worth $38.82 million, up 78.46% and 69.37% in tonnage and value respectively year-on-year. Sri Lanka was Iran’s 41st export destination during the period.
India is not booking Iranian crude oil due to load in May, as refiners in one of Iran’s key oil customers are waiting for more clarity from the U.S. on whether India will get its sanctions waiver extended, Reuters reported on Tuesday, citing four sources.
Tehran Permanent fairground will host the 8th Iran Bitumen, Asphalt, Emulsion, Machinery and related industries Exhibition during 24-27th of January 2017.
OilProducts.ir 's Analysis team: Commodity Market analysis is important to measure past events and to be able to forecast the trends in future. Bitumen Market is strongly connected to global Oil market; prices, trends, events and scarcity of resources. The price of Vacuum Bottom reflects on Bitumen prices very directly and linearly.
There are local market variables like regional conditions (like climate etc), large governmental tenders and projects etc which have big influence on the price, from the demand point of view.
The new Persian New year is starting soon. 1395 will begin 21st of March. The Market will be closed in Iran for two weeks. not all the days are off, but we know by experience, trade will be off during these two weeks. especially transportation will be interrupted seriously.
For the next year, which will be started soon, with void sanctions against Iran, the oil and petrochemical products market will be HOT!
RPO
Rubber Process Oil ended up this year around 230 USD per MT FOB Bandar Abbas
Bitumen market conditions and prices remained almost unchanged since Oil prices retreated this week, retracing most of the gains achieved last week, putting crude nearly back where it started before the latest rally. WTI dropped to $46 per barrel on October 15 and Brent fell under $49. The EIA reported bearish weekly figures, which depressed crude markets. Refinery inputs dropped and crude inventories shot up by 7.6 million barrels, the most in six months. The jump in storage levels renewed fears of oversupply.
The global market especially the western companies are waiting to see the real impacts and effects of Iran Nuclear talks. "the removal of banking and other trade related sanctions will encourage the western companies to involve in Iran's market more serious than ever; as the global economy needs Iran's market contribution to overcome the remains of the economic crisis from last decade" says Emad Honarparvar, Trader at Iran Mercantile Exchange Market.
Oil prices have stabilized somewhat around the $60 per barrel mark, and over the past few weeks oil has shown less volatility than what we have grown used to in the preceding six or seven months. Emad Honarparvar, CEO of Modiran Trading says: "Iran and Saudi Arabia continue to contradict in benefits from new oil prices, and this is not only about economics."
buy-bitumen.com: after a series of fluctuations in oil products market following crude oil prices fall and thanks to USD/Rls rate, Iranian market now can offer affordable prices for international traders and buyers.
In the Bitumen market prices are down to 431 USD per MT FOB BND for the most flexible payment terms, while the maximum price offered is around 460 USD per MT. The freight costs to Shanghai, Nhava Sheva and Jebel Ali remains the lowest, around 4-5 USD per MT adding local THC of 133 USD per 20' container (so called BOX)
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