Factors affecting the price of Iranian bitumen
Export goods, especially oil and petroleum products, are traded in world markets using the dollar.
Therefore, the difference between the price of the dollar and the rial and the increase in the price of the dollar has a great impact on the price of exported bitumen.
Another factor influencing the price of exported bitumen is the cost of transporting bitumen.
The most important factor influencing the price of bitumen is the global price of oil, which has a significant impact on the price of bitumen.
Because with the increase in the price of crude oil, the price of its products increases and with the decrease in the price of crude oil, the price of its products decreases.
Here are three key pointers in moving your bitumen forward:
1. Always follow geopolitical news from reputable sources.
2. Be aware of the exchange rate of bitumen producing countries compared to the dollar rate.
3. Keep up to date with your business regulations, export documents and shipping costs in bitumen producing countries.
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