11 March 2015 - 09:25
  • News ID: 236927
Bitumen Market Promising

TEHRAN March 11(Shana)--High number of applicants for buying vacuum bottom, the row material for making bitumen, indicates bitumen market experiencing more activities.

Managing director of Negin Gam Pars, Mirjalal Seyedjalali, told Shana that there are signs that trade in bitumen market is on the rise.

He predicted that desirable trend of trade in bitumen market to continue in coming days.

According to him, vacuum bottom produced by Tehran and Tabriz oil refineries faced widespread welcome by buyers in Iran Mercantile Exchange and finally traded at 7740 and 7710 IR rials respectively above the base price of 7230 rials.

While the volume of vacuum bottom offered at oil products ring of the Mercantile Exchange hit 38.8 thousand tons yesterday but the figures showed demand for the product stood at 51 thousand tons.

News ID 236927

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