The below report is generated by ICIS Pricing about bitumen trade state and pricing on 13 May 2010. for full report and other regions' data visit their website or contact Nadine.Spoeri[at]icis[dot]com for subscription enquirers.
As demand for imports continued to slow in India ahead of the country’s monsoon season, downward pricing pressure was seen on Iranian export prices. A 1,000 tonne bulk fixture for the Middle East markets was heard at $410/tonne FOB Bandar Abbas. With the possibility to export to India from June to August remaining very limited, most Iranian exports would find their way to Africa or the Middle Eastern markets.
Meanwhile, in the Indian domestic market, local prices remained stable after the rupee depreciated versus the US dollar, therefore neutralizing the impact of slightly lower CFR prices. List prices were unchanged at rupee (Rs) 26-27/kg ex-refinery with additional discounts of Rs 3-4/kg applicable on these list prices.
The outlook for pricing in the next three months remained soft amid the traditional rainy season low demand. The demand during this time would reduce to 25-30% of the normal and local refineries would divert production to fuel oil.
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1 comment:
Hi,
Just looking for new Iranian Bitumen prices.
THX
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