31 May 2012 09:40 [Source: ICIS news]
The country imported 2,053 tonnes of bitumen from
Another 4,000 tonnes of Iranian cargoes are expected to reach
Jiangsu Baoli Asphalt, which purchased a small volume of Iranian bitumen in April, has given up on large purchase plans because of the material’s low quality, market sources said.
Some importers are selling drummed Iranian bitumen at yuan (CNY) 4,650/tonne ($732/tonne) ex-terminal, which is lower than
Iranian bitumen has a high wax, water and impurities content, a Chinese importer said.
In addition, some Chinese banks are reluctant to provide letters of credit for imported goods from
The appreciating Iranian rial is also causing price risk to buyers. The FOB (free on board) price of drummed
($1 = CNY 6.35)
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