Friday, January 16, 2009

new prices and new availability

Prices of bitumen are down to earth these days and I don't think it would come lower. we have a new ability to sell bulk bitumen since our company has signed a contract with a bulk career transportation company. the new prices are:

Bulk Bitumen FOB Bandar Abbas: 363 USD per MTon
Bitumen in poly bags FOB Bandar Abbas: 374 USD per MTon
New steel drums FOB Bandar Abbas: 406 USD per MTon

new payment term: LC at sight from Iranian banks (Bank of Saderat has branches in UAE, India, London and many other countries)

Iranian Bitumen may be more expensive that Saudi or Russian Bitumen, but it's believed the quality has the worth to pay more. this is the reason UAE government buys most of its bitumen needs from Iran, Jey refinery.