In the 46th week of the interview with Mr. Pranav from Rex Fuels, we answered two questions regarding the continuation of the bitumen market trend and regional tensions and their impact on dollar equity.
The increase in transportation costs from the Persian Gulf to many ports in Africa and the trend of improving demand from East Asia caused the price of bitumen in Iran to improve after a long time. On Tuesday, we witnessed a 13% competition for buying vacuum bottom in Iran after a long time, which could be a sign of increasing prices if it continues.
It also seems that after several weeks of price reduction in India, we should expect an increase in bitumen prices from the beginning of February in India.
In general, market conditions have direct or indirect effects on each other every day with various and complex factors, and this requires a more accurate analysis of the market.
We invite our esteemed colleagues to watch this video.

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