Saturday, October 20, 2012

Iranian government stopped supplying bitumen to traders!

all the major oil refineries supplying bitumen have been told to stop delivering new orders to traders and brokers today! this includes Jey Oil Refinery and Pasargad Oil Refinery in Isfahan, Arak, Tehran and Bandar Abbas.
the price of drummed bitumen FOB Bandar Abbas is still 450 USD per MT but it may rise because of new policies applying on export procedure and tariff or any change in oil product export rules and regulations.

I think the high USD to Rial rate which achieved recently and caused a sharp drop in all oil products including Bitumen, Base Oil etc has forced or lead the government to reconsider the export fees and costs for more trade income.

in a short run it can impose high end prices and drop in total revenue for brokers, traders, refineries and the government, but if the added expenses are reasonable, in mid term and long run it can improve the trade income of the government while it doesn't damage trade volume.

Sunday, October 7, 2012

Bitumen delivery to Malaysia, Klang Port

Bitumen delivery available for the port of Klang in Malaysia
price: CIF Klang port, Malaysia - 495 USD per MT
new steel drums
grades: 60/70 and 85/100
delivery time: 30 working days

have you ever bought bitumen that easy?! :)