Time Limited Offer for Iran Bitumen availability

Dear friends,I have a limited availability for a limited time offer!

4000 MT, bitumen grade 80/100 and 85/100 (2000 MT Each)

Packed in new steel drums

FOB Bandar Abbas

Payment: Cash upon delivery of documents (FOB)

Origination: Pasargad Oil refinery, Iran

Delivery: right now!!

Price: 614 USD per MT

Dead line: 1^st July 2011

Please feel free to contact me by email: honarparvar[at]gmail.com

India and Middle East bitumen trade report

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.

buying bitumen from Iran

many traders trying to find contacts in Iran, experience a similar problem: different prices from different companies. what's the point?

the bitumen prices in Iran, like all other commodities: gold, silver, sugar, base oil etc, are considered in Stock exchange (Iran Mercantile Exchange market: www.ime.co.ir which we are a certified broker over there.) So the price we provide is: price at IME + drumming costs + transportation

Our profit is maximum 5-7%, so other's prices shouldn't be able to differ so much. but they do.
the reason is small workshops and bitumen producers and some cheating traders!

What’s the risk of buying from them? 1- quality 2- they cannot supply big amounts

If you don’t care about quality (see our quality tests) or you don’t want big amounts in a long term business, that’s fine, you can get lower prices.

Another warning you should be concern about is drumming plants who mix Jey refinery bitumen with self produced bitumen. you even can't trust SGS reports they provide. so make sure to know your business partner and do a visit to their drumming plant before you buy.

Bitumen market statistics in October 2008

Bitumen market is getting hotter since the oil prices have fallen to more reasonable levels. in October the market in some major importers and exporters had below results. for any Iran Bitumen inquiry please send your inquiries to emad@irxp.com or call +98 912 149 6126
the FOB price for bitumen 60/70 and 85/100 in new steel drums is 485 USD per MTon.
beneath report is some parts of Petrosil Group monthly report on Bitumen market. visit their website: www.petrosil.com for a full report.

China imported 255285 MT of bitumen in October 2008 and so far this year from January to October 2008, the country has imported roughly 2.8 million MT of bitumen. Most of the bitumen has been imported from Korea followed by Taiwan, Singapore, Thailand and Japan. CFR prices of imported bitumen are arriving at a price of US$ 300 – 310 PMT and domestic refiners have been reducing prices like other regional producers in line with weaker crude oil prices. Demand in the country has been mixed with cold weather preventing construction work in parts of China.

Japan imported 19469 MT and exported 4263 MT of bitumen in October 2008. So far this year from January to October, total import has been 213141 MT and total export has been 155416 MT. Most of the bitumen exported from the country gets imported by China. With prices to China falling rapidly, Japan opts to sell most of the bitumen produced in the domestic market. Japan’s peak monthly export in 2008 was in June when the country exported 36009 MT. Since then, export volumes have been falling consistently. Japan hopes to see higher demand and stable prices before initiating exports to China once again. FOB bulk bitumen prices are currently in the range of US$ 285 – 295 PMT.

Iranian bitumen prices have fallen to US$ 380 – 390 for bulk bitumen and US$ 480 – 490 PMT for drummed bitumen. Iran has been exporting approximately 10,000 MT of bitumen a week and selling far larger quantities in the domestic market. Last year, Iran exported roughly 692000 MT of bitumen and sold 3.6 million MT in the domestic market. Pasargad Oil and Jey refining have been closing deals regularly on the Iranian Mercantile Exchange. The latest offers on the exchange have Pasargad Oil offering bulk bitumen for export at an FOB price of Us$ 385 PMT while Jey Oil has offered bulk bitumen at a price of US$ 360 PMT Ex Work Esfahan Refinery. The Iranian Mercantile Exchange has effectively brought the price of domestic bitumen and exported bitumen prices closer together resulting in less smuggling and more bitumen available for export. Iran’s main bitumen grades which are exported include grade 40/50, 60/70 and 85/100. The country exports around 52% of the total volume in bulk and 48% in drums.

Please feel free to contact me for any Iranian bitumen inquiry: send emails to emad@irxp.com