will new oil prices affect Bitumen and other products' prices soon?

The declining oil price index turned to bullish as the Asian stock markets stabilized following heavy losses in the previous session, but weak oil market fundamentals with production levels persistently above global demand kept a lid on gains.

It seems the oil products and petrochemicals and polymers will follow the change in prices as the producers suffered a lot during the market shrinking period.

Benchmark futures surged as much as 4 percent on Monday to three-week highs as relations between Saudi Arabia and Iran soured following Riyadh's execution of a prominent Shi'ite Muslim cleric. But the rally fizzled and oil prices ended down after weak Asian and U.S. manufacturing data indicated a gloomy demand outlook.

By 0428 GMT on Tuesday (11.22 p.m. ET on Monday), Brent crude LCOc1 was up 25 cents at $37.47 a barrel, while U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 23 cents at $36.99 per barrel, both more than a dollar less than highs reached in the prior session.

Bitumen market on rock bottom prices

prices are rock bottom now and the high season in south east Asia is back!

Bitumen 60/70 - 85/100

in new steel drums

Inspection and THC included

Pasargad refinery analysis

FOB Bandar Abbas 310 USD per MT 

min order 500MT

Payment 20% cash in advance, 80% against BL docs

delivery time: 10 days

Payment 100% LC - 318 USD per MT

Please feel free to contact us: honarparvar @ gmail.com

Freight to India, China and all African ports available

Oil prices after Iran - 5+1 talks

The Iran and 5+1 talks firstly caused Oil Prices Drop Amid 'Excitement' Over End to Iran Sanctions couple of days ago, but later the market backed off due to slow resume of Iran's return to production. These are heated transient reactions by market observers not the steady state of world scale economy. 

Traders are taking heart in projections by oil analysts that it would take Iran many months to ramp up its oil exports significantly. They believe the terms of the negotiations and years of under-investment would leave Iran coming up with no more than 500,000 bpd at the end of the year and shy of 1 million bdp by mid-2016.

Yet analysts say it would take Iran many months to fully ramp up its export capacity following any easing of sanctions. But even a modest initial increase would be enough to pull international oil prices down further as the market is already producing around 2.5 million barrels per day above demand.

"The market of Oil products as bitumen and base oils, would follow the oil market trend as always with a lag. So no rapid decrease is estimated to take place at this time." Said Emad Honarparvar, CEO of Modiran trading company to buy-bitumen.com.

Many speculators may face a maximum 2% fluctuation in oil index in coming days of political news and press releases but this would't affect the actual production amounts, he added.

What is Cut Back Bitumen?

have been confused by different types of Bitumen traded and used in industry? refined bitumen, Viscos Bitumen, Natural Tar (Bitumen), Cut back, Oxidised Bitumen, Emulsion etc...??!

let's see what are these different types of Bitumen, but I need to discuss each one in single posts!

this time let me tell you about Cut Back Bitumen

using Bitumen for Asphalt

refined or Penetration Bitumen is what we know mostly for famous grades of 60/70, 85/100 etc
this is the most traded bitumen. in Iran Jey refinery and Pasargad refineries (6 plants) are the most known suppliers.
what makes this bitumen, Cut Back, is the liquid solvent (mostly fuel or gasoline) mixed with it, to make the Bitumen less solid. so the Cut Back bitumen is also known as liquid bitumen. it decreases the viscosity and makes it easier to flow.
Depending on the type of solvent used, the Cut Back Bitumen will be Rapidly Curing (RC) or Slowly Curing (SC) or Medium (MC)

in Iran mostly we export MC in 250, 30, 60 etc grades. the price is sharply more than normal bitumen from vacuum bottom. right now we have an availibity MC250 480 USD per MT FOB Bandar Abbas

RPO and Bitumen from Iran

Hi everybody,

last availability of Persian Calendar year 1393!

I hope 2015/1394 would be a great year:

RPO (rubber process oil extract)

Pars Oil refinery, new steel drums, on Pallets 

500 MT

80 drums each 20 feet container

FOB Bandar Abbas 465 USD per MT

payment 30% cash in advance, Balance against BL

Bitumen 60/70 and 85/100

Pasargad refinery, new steel drums

FOB BND 349 USD per MT

payment 20% cash in advance, balance against BL

1000MT 60/70 - 1500 MT 85/100

please feel free to contact me for further information:

Emad Honarparvar

+98 912 149 6126 and +98 912 118 3188

cell, whatsapp and Viber

honarparvar @ gmail.com

visit www.buy-bitumen.com for specs and packing details.

Iran Bitumen and Base oil export

Base Oil SN500 virgin
in Flexitanks FOB BND 625 USD per MT
in new steel drums FOB BND 675 USD per MT

payment 30% cash in advance, balance against B/L

Bitumen 60/70 or 85/100
Jey refinery - in new steel drums
Pasargad refinery in original drums

FOB BND 345 USD per MT

payment 10% cash in advance, balance against B/L

for information please visit www.buy-bitumen.com or contact me:

Emad Honarparvar
+98 912 118 3188 (cell, whatsapp and viber)
+98 912 149 6126 (cell, whatsapp and viber)
honarparvar at gmail.com

Bitumen available from Pasargad and Jey oil refineries

Hi
well it seems the CST Fuel Oil market is dead!

back to Bitumen, we have this limited offer on both Jey and Pasargad oil refineries:

8000 MT Pasargad 60/70 Bitumen in new steel drums, ready to delivery stock in Bandar Abbas
ability to buy part of it, or partial shipment
FOB Bandar Abbas 384 USD per MT
10% cash in advance, balance against BL

2000 MT Jey 60/70 Bitumen in new steel drums
FOB BND 378 USD per MT
20% cash in advance, balance against BL

please feel free to contact me: honarparvar at gmail dot com
+98 912 118 3188 (cell, viber and whatsapp)

also please check www.buy-bitumen.com for specs and details. and feel free to join our group on google for more updates: https://groups.google.com/forum/#!forum/oil-products-market