Iran Bitumen Price Watch (Weekly Update)
Indicative FOB Prices | Jey & Pasargad Refinery | Bandar Abbas Port
Market Overview
Our bitumen export rates are updated weekly, reflecting the latest Vacuum Bottom (VB) fluctuations at the Iran Mercantile Exchange (IME).
As a leading supplier, Gulf Petro Bitumen ensures premium quality grades (60/70, 80/100) strictly according to ASTM standards. The prices listed below are FOB Bandar Abbas. For CFR/CIF rates to Mombasa, Dar es Salaam, or Durban, please request a formal quote.
Current FOB Market Trends
At Gulf Petro Bitumen, we believe in transparent pricing. Our FOB Bandar Abbas rates are meticulously adjusted every week to reflect the latest Vacuum Bottom (VB) price shifts at the Iran Mercantile Exchange (IME). By tracking global crude oil trends and local refinery outputs, we ensure our clients receive the most competitive market rates for premium 60/70 and 80/100 grades without compromising on ASTM quality standards.
Export Cost Calculator (CFR)
Transitioning from FOB Bandar Abbas to a CFR/CIF destination requires precise logistics planning. Use our Export Cost Calculator to get a preliminary estimate for your shipment to key ports like Mombasa, Dar es Salaam, or Durban.
Simply input your desired bitumen grade (60/70 or 80/100) and your target port. Our calculator integrates real-time ocean freight rates and handling fees to provide you with a comprehensive quote that aligns with ASTM quality standards.
Note: Final rates are subject to vessel availability and current bunker adjustment factors (BAF).
Note: Prices are valid for 48 hours due to currency fluctuation
Export Cost Calculator
Why Prices Are Changing?
This week, the market witnessed a slight increase due to the recovery in global crude oil prices and high competition for feed-stock among Iranian refineries.
Furthermore, shipping freight rates to East Africa have stabilized post-holidays, making it an ideal time to book containers for the upcoming construction season in Kenya and Tanzania. We recommend booking at least 10 days in advance to secure space on vessels.
Frequently Asked Questions
Due to the volatility of the oil market, our official Proforma Invoices (PI) are valid for 48 hours. Please reconfirm the rate before payment.
Yes, we provide SGS or Geo-Chem inspection at the loading port (Bandar Abbas) to ensure the quality (ASTM) and quantity of the cargo.
We accept TT (Telegraphic Transfer) and LC (Letter of Credit) for qualified orders. A standard deposit is required to start the drum filling process.