Bitumen market statistics in October 2008

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!

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.

Bitumen Packing details

Iran Bitumen Packing details by Modiran company:

DRUMS:
newly produced cold rolled steel drums coated in antirust 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%
Poly bag: 3-PLY Poly Bags of 32 Kg (+/-3 Kg) Net WT

Bitumen can be sold in poly bags in winter only because the high temperatures would melt down the Poly Bags. Poly Bags are easy to use at sight especially for construction purposes.

some bitumen suppliers in Iran and other countries provide 200Kg of Bitumen in each drum, but we don't. the reason is in this case the freight costs may reduce, but the containers may damage because of the same reason (melting down the bitumen and overflow from the drum)

just drop me a line for any further information you may need: emad @ irxp . com

New prices for bitumen - origination Iran

Again the prices has fallen to new rates. I’d like we both can get profit out of new market conditions which may last for few time.

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 (poly bags in winter)

Price FOB Bandar Abbas: 530 USD per MTon, in drums – 485 USD per MTon, in poly bags
CFR Jebel Ali, UAE: 539 USD per MTon, in drums – 491 USD per MTon, in poly bags
CFR Shanghai, China: 542 USD per MTon, in drums – 494 USD per MTon, in poly bags
CFR Nheva Sheva, India: 545 USD per MTon, in drums – 497 USD per MTon, in poly bags
CFR Port Sudan, Sudan: 594 USD per MTon, in drums – 546 USD per MTon, in poly bags

Payment in T/T – we provide you bank guarantee from our bank in Dubai (National Bank of Dubai – NBD central branch)
Please consider minimum order: 1000Mton per month – at least 6 month contract

we provide SGS inspections and also performance bond of 2% in case. LC payments are also available on your request.

I know Iran’s bitumen is a little bit expensive, but as you definitely know, it has the greatest quality and also in an Exchange market we are not so flexible on prices and the increasing demand of bitumen don’t let it follow oil fluctuations so directly. Hope to hear from you. To see the technical analysis go to http://www.irxp.com/bitumen/JeyAnalysis.pdf
Please feel free to contact me for any further information.

Price of Bitumen decreases due to oil prices

Since the oil prices have felt down and the winter is coming, so we are able to provide bitumen in poly bags and we have new prices to offer.
We are a certified bitumen broker in Iran’s Mercantile Exchange Market (www.ime.co.ir) with our own drumming plant near the JEY refinery. So we only sell Jey’s bitumen at grades 60/70 and 85/100.

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 (poly bags in winter)

Price FOB Bandar Abbas: 595 USD per MTon, in drums – 547 USD per MTon, in poly bags
CFR Jebel Ali, UAE: 603 USD per MTon, in drums – 555 USD per MTon, in poly bags
CFR Shanghai, China: 604 USD per MTon, in drums – 556 USD per MTon, in poly bags
CFR Nheva Sheva, India: 607 USD per MTon, in drums – 559 USD per MTon, in poly bags
CFR Port Sudan, Sudan: 656 USD per MTon, in drums – 608 USD per MTon, in poly bags

Payment in T/T – we provide you bank guarantee from our bank in Dubai (National Bank of Dubai – NBD central branch)
Please consider minimum order: 1000Mton per month – at least 6 month contract

I know Iran’s bitumen is a little bit expensive, but as you definitely know, it has the greatest quality and also in an Exchange market we are not so flexible on prices and the increasing demand of bitumen don’t let it follow oil fluctuations so directly. Hope to hear from you. To see the technical analysis go to http://www.irxp.com/bitumen/JeyAnalysis.pdf
Please feel free to contact me for any further information.
Warm regards,

Emad Honarparvar
emad@irxp.com
w w w . i r x p . c o m

Tehran:
Office: +98 21 8861 7337 - 9
Fax: +98 21 8861 7336
Cell phone: +971 50 108 7289