Bitumen price forecast and updates
Bitumen price changing daily and has fluctuation relative to crude oil, fuel, currency exchange and demand of market so in same date of order and before wire any money check the price!!
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Bitumen price 23 Nov, 2022
Bitumen price on November surprised the market and increased too much and today price of bitumen 60/70 is 435USD/MT and still demand is high. Still there is chance to increase more in wintertime depend on the crude oil.
Bitumen price on October 4, 2022
As per previous reports in our pages the price of vacuum bottom which is raw material of bitumen decreased but demand in market is very high and there are too much competition to buy the raw material and price increased more than 40% of base price and it is still going on.
Based on this situation price of bitumen 60/70 is 390 to 395$/MT in drum and in bag is 370 to 375$/MT.
We expect price increase to more than 420USD per ton during two weeks later.
Price of bitumen on September 22
Bitumen price dropped too much as fuel oil decreased near 100$ and effected in bitumen market. New price expecting to reach to -40$/MT less than previous price and it is second big drop since 40 days.
Bitumen price on September 8
Market is weak now and in most of countries construction is near to finish due winter time so expect price decrease but India market will start from 20 days later and they are securing the goods from now since man soon season will finish and big orders coming also we have important issue that effect in bitumen price which is crude oil and if price increase then most of Bitumen production shift to fuel oil and heating oil production and decrease the bitumen output then price will jump up.
Today price of bitumen is:
| Date |
September 8 2022 |
| bitumen 60/70 80/100 (drum) |
395$/MT |
| bitumen 60/70 80/100 (jumbo) |
375$/MT |
| bitumen 60/70 80/100 (bulk) |
335$/MT |
| bitumen PMB 40 70 |
480$/MT |
| cutback bitumen MC30 |
630$/MT |
| cutback bitumen MC70 |
610$/MT |
| emulsion bitumen SS1 CSS k160 |
420$/MT |
| oxidized bitumen 115/15 90/40 110/30 |
474$/MT |
| bitumen roofing membrane roll sheet APP |
2.1$/M2 |
| bitumen primer 41 |
500$/MT |
| bitumen mastic |
550$/MT |
Price on August 3 2022
The price increasing due to increase of raw material VB approx. 15$/MT and reduce of USD value also competition of refineries to buy the vacuum bottom.
drum price expecting to reach 390$/MT minimum to 400$/MT and jumbo bag 385$/MT again.
There are two days holiday in Iran and next business day of bitumen is Tuesday! So wait till price release.
Price on 25 July 2022
Bitumen price dropped, due to reduce of HSFO and exchange rate and strong USD value and less demand of bitumen in India market bitumen price decreased too much.
Bitumen 60/70 price in drum reached to 378$/MT FOB and bitumen in Jumbo bag reduced to 360$/MT.
These price are temporary and depend on competition of exporter it may increase up to 10% as well.
Bitumen price July 05 2022
Price of Iran bitumen and other region getting bigger and approx. 150$/MT is differences with Eastern Asia so for that region is showing high interest to buy from Middle east. This week Malaysia buyer also Taiwanese purchased more bitumen 60/70 and some European countries line Bulgaria and Romania attended to buy some quantity rom us. Bitumen price expecting to increase after muslim holiday and Middle east will close from Friday for long 7 days public holiday. Turkey also 9 days and there would be traffic in banking! We accept bitumen order only till tomorrow.
PRICE OF BITUMEN DROPPED ON DECEMBER 2021 DUE TO
1. OIL PRICE DROPPED TOO MUCH DURING A SHORT TIME
2. NEW VIRUS (OMICRON) SHOCKED THE MARKET AND COUNTRIES ALARMED POSSIBILITY OF QUARANTINE
3. VIEN NEGOTIATION FOR THE NUCLEAR AGREEMENT HAD NOT ANY SUCCESSFUL FEEDBACK AND RESULT THEN EXCHANGE RATE INCREASED IN MIDDLE EAST PRODUCER OF BITUMEN AND PRICE OF BITUMEN 60/70 FROM 430$/MT OF LAST MONTH DROPPED TO 330$/MT
price since DEC 07 2021
| Date | July 9 2021 |
| bitumen 60/70 80/100 (drum) | 330$/MT |
| bitumen 60/70 80/100 (jumbo) | 310$/MT |
| bitumen 60/70 80/100 (bulk) | 260$/MT |
| bitumen PMB 40 70 | 480$/MT |
| cutback bitumen MC30 | 480$/MT |
| cutback bitumen MC70 | 470$/MT |
| emulsion bitumen SS1 CSS k160 | 380$/MT |
| oxidized bitumen 115/15 90/40 110/30 | 360$/MT |
| bitumen roofing membrane roll sheet APP | 3.1$/M2 |
| bitumen primer 41 | 500$/MT |
| bitumen mastic | 380$/MT |
Export of bitumen getting difficult and price increasing since 11 Nov 2021
Export of bitumen getting difficult as government need to keep the material for domestic roads and pushing to bitumen exporter to make minimum 32% profit and pay tax accordingly. So market shocked and price increased too much and sales stopped.
We will update more about it soon!
Bitumen price list 60/70 MC30 MC70 PMB SS1 115/15 FOB
Due to change of bitumen price quickly i didn’t update it during last months. Bitumen price is changing day by day and bitumen refineries adjusting the deal weekly accordingly.
Apart from price and control of FOB price the main issue is shipping which is very hard to allocate space for far destination. Most of big orders all in lose status or new negotiation for the new price. So to book cargo first make sure container is available!!!
New market price since October 18 2021 is as below:
price since October 18 2021
| Date | July 9 2021 |
| bitumen 60/70 80/100 (drum) | 430$/MT |
| bitumen 60/70 80/100 (jumbo) | 410$/MT |
| bitumen 60/70 80/100 (bulk) | 360$/MT |
| bitumen PMB 40 70 | 580$/MT |
| cutback bitumen MC30 | 580$/MT |
| cutback bitumen MC70 | 570$/MT |
| emulsion bitumen SS1 CSS k160 | 480$/MT |
| oxidized bitumen 115/15 90/40 110/30 | 460$/MT |
| bitumen roofing membrane roll sheet APP | 3.5$/M2 |
| bitumen primer 41 | 600$/MT |
| bitumen mastic | 500$/MT |
price Since July 9 2021
| Date | July 9 2021 |
| bitumen 60/70 80/100 (drum) | 350$/MT |
| bitumen 60/70 80/100 (jumbo) | 330$/MT |
| bitumen 60/70 80/100 (bulk) | 280$/MT |
| bitumen PMB 40 70 | 460$/MT |
| cutback bitumen MC30 | 480$/MT |
| cutback bitumen MC70 | 470$/MT |
| emulsion bitumen SS1 CSS k160 | 380$/MT |
| oxidized bitumen 115/15 90/40 110/30 | 380$/MT |
| bitumen roofing membrane roll sheet APP | 2.5$/M2 |
| bitumen primer 41 | 520$/MT |
| bitumen mastic | 590$/MT |
Price Since May 5 2021
| Date | May 5 2021 |
| bitumen 60/70 80/100 (drum) | 430$/MT |
| bitumen 60/70 80/100 (jumbo) | 400$/MT |
| bitumen 60/70 80/100 (bulk) | 360$/MT |
| bitumen PMB 40 70 | 550$/MT |
| cutback bitumen MC30 | 550$/MT |
| cutback bitumen MC70 | 535$/MT |
| emulsion bitumen SS1 CSS k160 | 390$/MT |
| oxidized bitumen 115/15 90/40 110/30 | 515$/MT |
| bitumen roofing membrane roll sheet APP | 1.5$/M2 |
| bitumen primer 41 | 620$/MT |
| bitumen mastic | 580$/MT |
Price from December 01 2019
Due many changes on fuel oil price and because of environmental agreement in France for 2020 to use less sulfur in the fuel oil must of refineries are unable to sell the high sulfur fuel oil and price dropped. Some of refinery converting the final product to bitumen 60/70 and do not deliver fuel oil anymore so price of bitumen dropped dramatically (good for bitumen buyer) and from 300$/MT FOB price in August dropped to 220$/MT bulk FOB of BND. Bitumen 60/70 price in drum is 260$/MT now still there is chance to drop more.
Price on third week of September 2019
After attack to Saudi Arabia refinery price of bitumen 60/70 and 80/100 jump up from 305 to 325$/MT in Jumbo bag FOB of Jebel Ali. This price will not come down even if Saudi refineries come back to service since there is still big risk of war now.
5 millions of barrel cut and there is possibility to attack again so there is pressure on oil price to come up on near future.
Price on fourth week of August 2019
After government increased feed of bitumen factories (Vacuum bottom) all bitumen factories agreed to stop buying and they put pressure to push back the price. During this increase price jumped from 305 to 370USD/MT in drum and again price cut to same rate as before.SO CURRENT PRICE IS 305 to 310$/MT FOB VALUE.
<h3
>Price on second week of July 2019
price is going to increased to more that 312$/MT FOB of Jebel Ali at Dubai in UAE-.This price increased due opening Instex credit line of Europe for transfer money between Iran and EU. So exchange rate dropped and export get expensive .Price of road bitumen two weeks before decreased to 280$/MT packed in steel drum.
Price on second weeks of May 2019
Price of bitumen from BND is reached to minimum possible rate since 6 months! Today rate is 280$/MT FOB value packed in steel drum.it is interesting rate and like shock in bitumen market. A part from bitumen 60/70 other grade of bitumen also dropped like bitumen 115/15 to 390$/MT in 25Kg bag and cutback bitumen MC70 400$/MT in new steel drum and bitumen emulsion SS1 to 345$/MT in new steel drum.
Price on May 02 2019
Today market price of bitumen 60/70 and 80/100 is 302$/MT FOB of BND packed in steel drum. There is bigger gap between Iran price and international rate and there is chance for buyers now to buy cheap bitumen and make minimum 150$/MT profit on! We didn’t see in other times such big differences on commodities.
April 2019 bitumen price
normally price in other countries remain as March and small differences .There is big gap between Iran bitumen price and neighbours countries that should be come up soon. Also in Lybia , Venezuela and Iran all oil producer is pressure from outside and production decreased so market will feel shortage of material even in high price in couple of months.
FOB Mersin port in Turkey bitumen price evaluation from Jan.01.2019 to Jan 07.2019
Bitumen at Mersin port in Turkey is 320$/MT packed in steel drum.It is huge drop of bitumen after 6 months and expecting to reduce more till two months later.One of the main reason is drop of Iran price due difficulty of export and store of raw material in Iranian refineries and shortage of vessel and containers to export.
Before 6 months ago half of raw material converted to fuel oil and it was good benefit for exporter but since Iran government rules asking to returned the money to Iran based on specific exchange rate this business also died and forced to bitumen to come down more and more and effected to market price in the region.
BITUMEN ON OCTOBER 2018
BREAKING NEWS!
PRICE IS NOT CLEAR AND EACH COMPANY SELLING AT DIFFERENT COST CALCULATION SINCE NEW RULES PUSH EXPORTER TO RETUN THE VALUE OF CARGO TO NIMA WITH SPECIFIC EXCHANGE RATE WHICH IS NOT POSSIBLE SINCE RAW MATERIAL CALCULATING BASED ON FREE MARKET EXCHANGE NOW!
price since July 21 till 21 August
price was not clear since beginning of July till today that is why i didn’t update it.Government create a rule for some of products including bitumen that exporter must bring back the USD and in specific exchange (50% less than market price) rate then price jumped up and nobody interest to sell the cargo and everybody waiting to get new news from government to resume the export.
BITUMEN PRICE SINCE MAY 23.,TO JUNE 23 2018
Custom issue and clearance of bitumen already sorted out but government increased the raw material of bitumen and jummped up 20% which is around 40$/MT so bitumen 60/70 and 80/100 reached to 300~305$/MT packed in drum.
BITUMEN SALES TILL MAY 23 2018 IS ON HOLD TILL FURTHER NOTICE!
Government decided to hold export of bitumen till exporter get import license from ministry of oil and then custom would be able to do clear.
After 7 days still there is not any infrastructure and all of export is in pending status and waiting for ministry of oil.
By this way any price in market is fake and buyers need to wait.
BITUMEN BREAKING NEWS APRIL 11 2018 !
After too much fluctuation on USD value and decrease of the price from 320 to 310USD now market is freezed to see how government will control the USD and at what rate it will get stable rate compare rial.All customer should more care from whom the are buying since government refineries are not selling now and nobody knows what would be purchase price!
As soon as price declared and released we will show it here!
BITUMEN FROM FEB 22 TO MARCH 22 2018
BITUMEN MARKET IS NOT STABLE AND DUE DAILY FLACTUATION OF USD AND DEPEND OF DEPO OF FACTORIES THERE IS DIFFERENT RATE BUT GOOD GUALITY BITUMEN 60/70 AND 80/100 IS STARTING FROM 320 TO 330USD/MT NOW.
BITUMEN FROM 05 FEB TO FEB 22 2018
SINCE USD SUPPORTING EXPORT,PRICE DECREASED TO 285$/MT BULK AND 310$/MT IN DRUM .WE ARE EXPECTING PRICE COME DOWN MORE SINCE WE ARE REACHING TO NEW YEAR AND PURCHASE OF LOCAL COMPANY WILL STOP AND AVAILABILITY OF BITUMEN WILL BE MORE AND WOULD BE A PUSH TO COMPRESS THE PRICE AGAIN.
BITUMEN FROM 22 JAN TO FEB 5 2018
DUE DEVELUATION OF RIAL BITUMEN EXPORTER OFFERING BETTER PRICE
BITUMEN 60/70 AND BITUMEN 80/100 BOTH IN DRUM FOB OF BND 330$/MT AND IN BULK 300$ FOB VALUE
BITUMEN PRICE FROM 5 JAN TO JAN 22 2018
DUE INCREASE OF USD IN AND PREPARATION OF DRUM FROM LOCAL MARKET IN RIAL CURRENCY THERE IS SOME ADVANTAGE ON BITUMEN PACKED IN DRUM SO BITUMEN 60/70 AND 80/100 BOTH CAN SUPPLY BASED ON 335$/MT ALSO BULK PRICE OF BITUMEN IS 305$/MT NOW.
PRICE FROM 22 DECEMBER TO JAN 5 2018
NEW PRICE OF BITUMEN (BITUMEN 60/70 AND BITUMEN 80/100) IS 345 FOB BANDAR ABBAS PACKED IN DRUM AND BULK PRICE 318$/MT.THE PRICE WAS SUPPOUSE TO DECREASE BUT AGAIN 7 USD INCREASED AND FUTURE OF MARKET SHOWING MORE DEMAND IN MARKET.
price from 22 November to 22 of December
After decision of IME and government regulator of price, from 22 of Nov they started to calculate the Vacuum bottom which is raw material of bitumen by other formula:
1. before was based on official rate of central bank and now is USD base on free market rate which is 20% higher!
2. adjusting VB price was monthly and they decided to control the price in short time and release the sales price of VB every two weeks.Now everybody quoting higher than expected rate to be on safe side but it is better to wait till Monday 27th of Nov. that IME will offer price then official rate will specify.
As per above reason ,the bitumen price will fix base on 350~355USD/MT FOB of BND.
price October 22 up to 22th of November 2017
price increase 6$/MT and reached to 240$/MT bulk and 292$/MT packed in 185Kg steel drum FOB of BND.
Reason of increase is cost of vacuum bottom which is 6$ increased and the same rate applied to bitumen. Other reason is competition of refineries to purchase the feed and this week(October 22-29) just 10000MT VB was offered in IME but 70000MT was demand of Bandar Abbas refineries and up to 10% they increased the rate.
price October 1 up to 22 October 2017
Price of bitumen due increase of oil price increased. This increase is due shortage of VB in market and also competition of refineries to buying the raw material in very high rate .Normally price of VB has base price and then buyers competing to buy it and anybody who bid higher percentage can take more cargo .So one of the reasons is competition .The second reason is oil price which is jumped up due Independent of Kurdistan and block of oil pipe like by Turkish government and risk of shortage of crude oil based on 600000 barrel per day which is a shock in market.
Price of bitumen based on 100% in advance is 279 and 30-70TT is 284$/MT now Jey bitumen embossed cargo .Pasargad bitumen is 3$ less and same terms .Other private refineries offering 275-278$/MT FOB of Bandar Abbas.
