Recycled Oil Market In Shadow Of USD

USD Fluctuations, in recent days, have caused the market to oscillate abundantly and recycled oil was not an exception. The price of petroleum products is constantly changing. As Infinity Galaxy pointed out in the recent analysis reports, the change in the US political situation has caused the USD to depreciate significantly against Rial, which has led to higher prices for bitumen and oil products.

Unpredictable market conditions have confused customers and suppliers, But the USD is expected to relatively stabilize in the coming days.Since crude oil price has fallen recently, the purchase rate of used oil has decreased. Accordingly, the price of recycled oil is expected to decline in the market.

Meanwhile, Coronavirus lockdowns are not over yet and the world is not assertive about the future market. Refineries are still facing a shortage of raw materials. Also, The USD rate is an important factor in determining the export price of Recycled oil. The volatility caused by USD fluctuations makes it difficult to take the price reduction for granted.

Despite the unpredictable market situation, Infinity Galaxy follows the news and analyze it instantly, in order to update our valued customers with the newest and reliable information as soon as possible.