Bitumen price increased up to $10/MT, however, market has a stable trend.

This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy
During 5 – 11 Dec., IME announced new VB price, increasing approx. 10$.
Exchange rate of USD against Rial was fixed at the level of 250,000 – 260,000 Rial.
By the end of OPEC+ meeting, the cut-down of oil production was agreed and hence the main players of oil products are no longer concerned about drops of oil price.
It seems that oil price will face an increasing trend within 2021.
During last weeks, we observed a very quiet market and there was no serious deal, maybe because of approaching to the yearend and imbalance of rates in the markets.
Generally, the market has a reasonable stability and it is expected to grow logically within the next weeks.