Tuesday, November 11, 2014

Bitumen prices coming down?

there are certain signals showing Iranian origin Bitumen suppliers have to decrease their offering prices. below are some reasons:
Our Drumming facility in Isfahan - Segzi Industrial Zone

  • Int'l oil prices have decreased dramatically over passed months, back to its lowest rate in three years
  • Vacuum Bottom prices lowered following to oil prices
  • Market demand is not answering positively to current prices especially in India and China
  • USD to Rial rate seems stable above 1 USD to 32000 Rials

if these facts work together properly, the price of Bitumen should fall about 5% to its current rates.
let's hope for good days :)

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