In Spain region, Bitumen prices have remained unchanged since last week and current prices are oscillating in the range of € 235 – 245 PMT in Spain Northeast and € 225 – 235 PMT in Spain Southwest.

Bitumen industry stakeholders are keen to explore new markets and achieve greater efficiency as they respond to uncertainty in the global bitumen market resulting from fluctuating crude prices, the lifting of sanctions against Iran and rapidly evolving demand.

The Argus Iran Bitumen Conference gathers international and regional stakeholders, traders and end-users within the bitumen industry looking to gain crucial insight into current market trends and forge business relationships.

This is the first global bitumen conference to be hosted in Iran and has been designed with a particular focus on key challenges and industry requirements. A group of global experts will share case studies, deliver keynote presentations and lead interactive panel discussions.

Sinopec Qilu Company producer based in East China bitumen prices down by 10% in February 2016.

South Korea produced 5.85 MT of Bitumen during Jan to December 2015.

Iran seeking new markets in Central Asia to export bitumen, the head of the bitumen commission of Iranian Oil, Gas,& Petrochemical Products Exporters Association Hassan Tajik said, ILNA reported.

On Tuesday 08 March 2016, 300 tons of waterproofing and 123 thousand and 230 tons of bitumen traded in the export trading floor of Iran Mercantile Exchange.