Weekly Reports: Get updated about Bitumen Market

For the first time, Recycled Base Oil price increased two times in less than 3 months

This article was prepared by Tina Taghavi, the sales manager of Infinity Galaxy In recent weeks, fluctuations in the market for fuel and oil products have entered an upward trend. Reasons for this include a seasonal pattern of declining temperatures in the Northern Hemisphere that has increased fuel consumption, as well as rising Brent crude oil prices...

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 GalaxyDuring 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...

Bitumen Market is Anticipating Sudden and Unpredictable Changes

During 28th till 30th November, competition on VB among the Iranian refineries was between 3-10% On November 30, IOCL increased bitumen price approximately 50$ /MT which was unprecedented within the past 4 years that made a relative balance between the rates of Iran and India For the past three days, oil price had an increasing...

Market is Anticipating Huge Changes by the Increase of Oil Price, Drop of USD Exchange Rate

Based on technical analysis of Brent oil, it is expected to reach to the level of 49$, if it exceeds the level of 46$. On Tuesday, at 1:30 PM and Thursday before analysis publication, it stands at the level of 48.49$. Concerning bitumen rate increase in Iran and decrease of USD against Rial, bitumen price...

Bitumen Market on 20 November 2020

News about the discovery of Moderna vaccine with nearly 95% and Pfizer vaccine with 90% effectiveness, has significant signals on oil price, even some days up to 44$, finally stabilizing at the level of 41-42$. USD exchange rate is fixing at 250,000-260,000 Rial. Competition on VB is varying between 3-10%. In an official interview, the...

What to Expect from Bitumen Market This Week, 14th November 2020

Infinity Galaxy wishes a “Diwali” full of health, wealth, joy, and prosperity for its esteemed Indian friends all over the world. Last week, in the first two days, the lockdown was the main concern of many countries and as a result, oil prices dropped to 37$. On Monday, 9 November, hot news was out: Pfizer...

Why the Current Market of Bitumen Faces Many Ups and Downs

From 23-29 October, VB price in Iran increased by about 16%, and simultaneously Iran remained on the blacklist of FATF for 6 more months. Based on the latest polls, Biden has overtaken Trump and its effect on Iran was significant, in less than 3 days, US Dollar decreased from 325,000 Rial to approximately 285,000 Rial,...

Fluctuated Market of Bitumen-23th October 2020

Iran's weekend on Friday as well as the official holiday on Sunday (25 Oct.) are the reasons to say that practically the market will run from Monday by which it is predicted a new VB price might increase about 15-20$/MT. On the other hand, last Tuesday (20 Oct.) US Dollar decreased sharply in Iran but...

Bitumen Market Analysis on 9th October 2020

During the last week below significant factors affected the market of bitumen: 1. If the Nagorno-Karabakh conflict gets longer, the regional powers might show directional bias to support each of the parties and it can affect oil price and regional equations. 2. On 8 Oct. 2020, the USA decided to impose new sanctions on all of...

Bitumen Market Analysis on 2nd October 2020

Market analysis on 2nd October 2020, before a positive test of President Donald Trump. USD value exceeded more than 30,000 Toman but as VB competed more than 25% during the last 4 days, it is improbable to see bitumen price at a fixed rate and there is no prediction about the plan of the government...