Iran Bitumen Price

The price of Iranian bitumen is a derivative of Fuel Oil Index and Iranian Slurry (VB) in USD rate depending on free market exchange rate from IRR to USD.

In certain intervals, Iranian National Oil Company, NIOC, announces the price of Slurry in IRR on the Iranian Commodity Exchange and based on purchasing prices from bitumen factories and exchange rate, the Iran Bitumen Price is measured on EXW, FCA and FOB basis.

Certain manufacturers have great impact on bitumen prices including Jey and Pasargad refineries which are government sector large scale factories with prices higher than the market using their brand value.

The basic FOB Price of Iran Bitumen are as below considering the current status:

Grade

Packaging

Factory and Delivery

Price (USD/MT)

60/70

180 kg New Steel Drums

Jey Oil – FOB Bandar Abbas

210

180 kg New Steel Drums

Zista Bitumen – FOB Jebel Ali

275

Iran Bitumen Price has two major points of delivery, Bandar Abbas for East Asia Destination and Jebel Ali for African destinations. At Zista Group, we have our own logistics service to arrange deliveries to West and East Africa by Cross Stuff and Transship services depending on the route and provide CFR Bitumen prices to road contractors or traders in African destinations; while we are in position to provide safe commercial terms including Letter of Credit (L/C) to our buyers.

Bitumen Prices in Africa are mostly measured by purchasing prices of Large Chinese Construction companies who are building roads in this golden continent. Since Iran Bitumen is the major supply of these contractors, FOB Iran Bitumen price is a key ingredient of their road paving costs.

For further information on CFR prices, please do contact us directly to provide you with the competitive and safe offers to make a long term mutual business.