News letter

Weekly bitumen newsletter

ROBINA TRADING DEVELOPMENT CO.

(GGS BITUMEN)

 

REFINERY SUPPLIER

 

 

 

ISSUE No.: MGZ/021017                                        Date: Sunday, Nov27th,2016

 VB PRICE FALL FOR THE SECOND TIME AND ITS INFLUENEC ON THE MARKET

Late November 2016, was another critical point in Iran Bitumen market. VB price fell down for around USD22 for the second time within 1 week and this way VB price again became what it was on October beginning.

Another Issue that still is hold, is money transaction limitations that recently India traders are facing with. It is heard that this week India State brings its solution on how to handle money transactions in India in a way to forbid any illegal money transaction there. Seems since then the trades that are not clear enough to India government are stopped from activity.

 

Predictions say that after India state makes money transaction methods clear for traders, again share of import to this country raises and customers start their purchases again.

 

Prices are weekly updated affected by Crude Oil price changes and Dollar rates in Iran. You may find below this week prices of some destinations.

 

For any other destination please email us at sales@robinatrading.com, our colleague will provide you with the quotation and latest updates.