NEW Availablity! Bitumen Prices from Iran

Hi there,

New prices for Bitumen may be shocking, but the future of commodity market prices based on oil isn't either! It seems the prices are rising with no up-limit.

The new availability we have:

 

5,000 MT Bitumen grade 60/70

Origin Pasargad Oil Refinery, Iran

Price: 630 USD

FOB Bandar Abbas (ask for CFR based quoting: ogs@irxp.com)

Packing: New steel drums

SGS applied

Payment at sight LC / Bank Guarantee / Cash on delivery

 

7,000 MT Bitumen grade 85/100

Origin Pasargad Oil Refinery, Iran

Price: 630 USD

FOB Bandar Abbas (ask for CFR based quoting: ogs@irxp.com)

Packing: New steel drums

SGS applied

Payment at sight LC / Bank Guarantee / Cash on delivery

 

For all further information, contact us or visit our website: www.buy-bitumen.com

 

Bitumen price in Iran

after a rally in price of oil and bitumen in Iran's mercantile exchange market, now in the first week of new Persian calendar year, the price of bitumen is again back to normal levels. though it seems the turmoil and chaos in the oil and bitumen market has no end in the wotrld.

at the moment Pasargad Oil refinery's bitumen based on Bandar Abbas FOB is 500 USD.
this price can be valid for a week.

Iran Bitumen Market has a new player!

My company has established a new web based reference for Bitumen Market in Iran

what you will see on this website:

• Bitumen updated prices based on FOB, CFR and CIF
• Bitumen products, grades and availabilities in Iran
• Freight, Transportation and Insurance service details
• Packing methods and specifications
• Online ordering service
• Newsletter which helps you stay in touch with the market updates
• News Service and upcoming events in Bitumen Market

This site has still a long way to go through, and we appreciate your opinions and comments.

Bitumen offer for Bangladesh market

I have experienced many difficulties for trading bitumen with Bangladesh regarding payment terms. but now I have availability in selling Iranian Bitumen (Jey Oil Refinery) to Bangladeshi traders, importers and constructors.

grades: 60/70 and 85/100
Packing: new or used steel drums
FOB Bandar Abbas: 499 USD per MT (special offer for Bangladesh only)
please contact me by email on ogs@irxp.com for CFR prices and inquiring for any further information like technical test specification, Insurance terms or payment terms. anyway, the deal with Bangladesh for Bitumen is no more tough with flexible payment terms and finance facilities!
Freight costs to Chittagong port / Bangladesh
Terminal Handling Charge (THC) at Bandar Abbas port: 50 USD per each 20 feet container
Freight cost: 800 USD per 20" container
so the CFR Chittagong/Bangladesh Price would be: 542.5 USD per MT
for CIF, obviously you have to add Insurance cost which is normally not in our policies.

Bitumen prices down for record low in 2010

Iranian Bitumen Prices down!!

we have a new record low price for bitumen in Iran since early 2010 now!
Bandar Abbas port in new steel drums (or bulk) from Jey and Pasargad oil refinery for as low as 400 USD per MT.

adding THC will give you rough price for FOB Bandar Abbas, which is about 413 USD per MT. the delivery is upon a 30-40 days period and it's important to notice the maximum partial shipment would be 3000 MT per month. I believe whoever promises more delivery will face problems in his duties. we have recently succeeded in LC payment terms but Iranian traders have still experiencing difficulties and problems with LC payments.
some FCR destinations have below costs to be added:

• Nheva Sheva, India - 10 USD per MT
• Shanghai, China - 7 USD per MT
• Jebel Ali, Dubai, UAE - 5.5 USD per MT
• African port like Mombasa, Kenya / Port Sudan - 65 USD per MT

how to deal with Bitumen business - packing sector

Packing industry has a big stake in bitumen business in Iran (also worldwide). the most common ways are bulk bitumen carrying, steel drums and Polybags. all the 3 methods are used widely in Iran and business in this regard sound promising for investors and medium size business owners. I've heard a lot from companies from EU and China about new inventions in this sector but haven't yet met any trader or refinery using these methods.

I personally prefer Polybags, as a business to start. why? because it's more innovative, needs less capital and has some advantages comparing to two other elder brothers! Some advantages using Bitumen packaging bags are:

1. Bitumen Packed In 35Kg (+/-5%) so it's easier for lifting & carriage
2. Environment friendly and  safer than Drums. Polybag melts along with Bitumen in melting process at site.
3. No waste Residual Bitumen left compared with Iron/steel drums.
4. Cleaner process all the way until reaching the end-user.

regarding Steel drums, let me advise you one thing: never go for used drums!! neither as a trader, nor as a customer. cold rolled steel drums coated in anti rust 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%
these drums are much more expensive and the size of company capital needs to be tremendously higher.
and there are many big companies active in this field. the last dis-advantage about this business is you are always affected by fluctuations of metal prices world-wide.

costs: polybags are 20 USD per MT, Drums 30-35USD per MT and Bulk depends on transportation costs
also polybags are 50% cheaper in regard of human labor cost during the packing process.
and:
Cargo charges, melting process, waste handling and disposal, loss of material are other facts to be considered by traders.
the problem is the environment temperature, which should be lower than 30 degree Celsius.

well, if you have made up your mind and want to start a business in Iran regarding packing bitumen, you have to know many traders, buyers and all the main and major suppliers. for this reason maybe I can help you!

how to trade bitumen?

first of all, let me tell you this is about how to trade real bitumen! not trading bitumen as a commodity in commodity markets (like NYMEX or FOREX etc)
The real bitumen is used for many construction projects and industries like road and house constructions, resins and other chemical usages.

Trading bitumen means buying or selling, or importing and exporting bitumen from its sources in countries like Iran, to destinations like Africa, India, China or Europe.

To trade bitumen within Iranian resources you have to buy it from:
a. Iran Mercantile Exchange Market
b. a dealer

a) in this case, you have to be authorized by IME. this happens when you register a company in Iran and provide the IME with enough documents on your technical and financial abilities to deal bitumen internationally. when you got authorized, you can buy bitumen from sources like Jey and Pasargad refinery directly. you buy in Exchange Market and you got the delivery in factory or in ports.

b) if you are trying to buy from a dealer, you agree on the payment terms and delivery conditions, you provide less documents and efforts, but you pay 5-10 USD per Metric Ton more. it's really important to buy from someone who has a good reputation. Don't involve yourself with middle man and commissioners who are not authorized dealers themselves.

I can help you with both above ways. feel free to contact me emad at irxp dot com