From 2007 to 2011, Iran determined the price of bitumen in the region, and the price was generally up.
As the second largest exporter of Asian bitumen, the first exporter of the Middle East and the fourth largest exporter in the world, Iran offers its bitumen for $ 100 less than the bitumen of a country like Bahrain.
This means that buyers of Iranian bitumen are waiting for the price of Bahrain bitumen to be determined, after which they will buy Iranian bitumen at a lower price.
This price gap comes as real Iranian bitumen supplied by the country's major producers is far superior to Bahrain's bitumen;
But what has caused Iran, as one of the world's top bitumen production and export powers, to lose the annual opportunity cost of about 480 billion tomans per 2.5 million tons and sell this profitable product less than the price of Bahraini bitumen products? Some see this as a sign of sanctions.
In 2012, Iranian bitumen was sold at a price of $ 625 per ton in the form of FOB Bandar Abbas.
The quality of Iranian bitumen in the region and Africa became famous.
Technical specifications: bitumen 60.70
Manufacturer: Iran
Minimum order: 200 tons
Maximum order: 200,000 tons
Type of transaction: Cash
Packaging: barrel
Description: Sale of export bitumen of Jey Oil Company
Price: 21,000,000 Rials less than Platts
Unit: 1 ton
Date: 2020/4/15
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