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IRB Co. "None Circumvention Policy" Bitumen Brokers welcomed, Bitumen Dealers, Bitumen stock, IME Bitumen Prices, MOFID KALA BITUMEN PRICES
iran bitumen prices on our website :
Iran Bitumen Prices effected by USD value in Iran. As USD value decreases in Iran Bitumen prices will rise until the Refinery reduces Bulk Bitumen Prices
Iran Bitumen Prices Rising or Falling?
In Iran, today July 13th 2014 after two weeks of rising Bitumen prices due to the decline of USD value against the Iranian Rial, USD value increased from 3,090.00 per 1.00 USD to 3,125.00 which slightly effected the reduction of Iran Bitumen prices. As USD value decreases and the Rial gains strength the Export Sector is effected negatively while the import sector enjoys the reduced cost of Imported items into Iran. Something our entire society is anxious to see more of. However this is often not the case with Bitumen Exporters as it is a prices sensitive commodity and the slightest increase in price can effect its sale.
While most Bitumen suppliers are sitting back and waiting to see what happens next some Bitumen Suppliers may be enjoying Bitumen sales with the present USD value. It has come to our attention that some Bitumen Exporters from Iran are confirming rates below their own cost in hopes of USD value in Iran Bitumen Prices restoring to its previous state before the near 6% decline against the Iranian Rial. One may ask how can one Bitumen Supplier take such a chance or offer Bitumen prices below their own cost?
We imagine that such Bitumen Suppliers are offering Bitumen rates based on their Prediction that USD value recovers in full, protecting them against an average of 20.00 USD per MT in loses.
The question still remains, what if USD value continues to decline or it does not recover to its previous state before the 5 + 1 talks began by the time their “last shipment date”? What then, will the supplier deliver on their promise or ask to be granted immunity for their misscalculations? www.iran-bitumen.com
