Global Bitumen Price _ Week 2 of August 2026

As of 11 August 2026, the global bitumen market remains highly sensitive to freight availability, insurance conditions, port basis, and regional supply balance. The Week 2 of August 2026 indications should be viewed as workable market levels rather than fixed transactional prices, as short-term offers continue to depend on cargo size, packaging format, payment terms, and loading schedules.

Middle East-linked supply remains a key reference point for several markets, particularly where Iranian-origin cargo or Gulf logistics influence replacement costs. For destinations such as Russia and Brazil, the final assessment is strongly shaped by CFR delivery economics, transit time, route exposure, and the cost of moving cargo from Bandar Abbas to the discharge port.

Asian markets continue to show clear differences by port and delivery basis. Singapore, China, India, Malaysia, Vietnam, Indonesia, Bangladesh, Thailand, Australia, and South Korea are being influenced by regional refinery availability, import demand, vessel positioning, and destination-specific freight costs. In these markets, the same grade can carry different workable levels depending on discharge location and cargo format.

European and Latin American assessments remain closely linked to import replacement costs, Mediterranean or Atlantic freight conditions, and local supply availability. Germany, Spain, Italy, and Venezuela should therefore be read through the lens of delivered-market pressure, refinery balance, terminal readiness, and near-term logistics risk. Under current market conditions, price indications remain valid only within a narrow operational window and may require revision as new freight and supply signals emerge.

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Iran

The listed levels reflect indicative FOB BND pricing for Iranian 60/70 bitumen in selected packaging formats. Market workability remains dependent on cargo size, packing type, payment terms, and vessel/container availability. Shipping risk around the Gulf continues to affect buyer decisions and short-term offer validity.

Russia

The Russia assessment is presented on a CFR Novorossiysk basis, linked to Iranian-origin supply. The level mainly reflects freight, transit time, route exposure, and the cost of moving cargo from Bandar Abbas. Final workable prices may vary according to shipment size, insurance terms, and discharge-side conditions.

Singapore

The Singapore level reflects its role as a regional trading, storage, and redistribution hub. Prices remain sensitive to Southeast Asian demand, refinery availability, and short-term cargo positioning. Freight, storage costs, and regional arbitrage continue to shape the final market range.

China

The China assessment reflects multiple port-based CFR levels across a large and fragmented market. Pricing conditions vary by destination, inland logistics, import demand, and regional supply balance. Cargo timing, payment terms, and port congestion may affect final workable numbers.

UAE

The UAE level reflects regional Gulf supply conditions and export availability from established trading ports. Pricing remains influenced by Iranian and regional replacement costs, freight availability, and re-export demand. Short-term offers may shift depending on packaging, loading schedule, and vessel access.

Sri Lanka

The Sri Lanka assessment is based on CFR Colombo conditions for imported bitumen cargo. The market is mainly affected by freight cost, import timing, payment structure, and regional supplier availability. Limited local alternatives make delivered pricing sensitive to shipping and insurance conditions.

Iraq

The Iraq level reflects the stated FOB basis for jumbo-bag 60/70 bitumen cargo. Pricing should be viewed in relation to local supply availability, export handling, and packaging conditions. Operational constraints and Gulf shipping risk may affect offer validity and loading schedules.

Turkey

The Turkey level reflects FOB Mersin conditions for regional bitumen availability. Market pricing is influenced by local refinery output, Mediterranean trade flows, and land/sea export options. Final terms may vary by packaging, delivery timing, and buyer-side logistics.

Australia

The Australia assessment is presented on a delivered basis into Brisbane. Long-haul freight, limited regional alternatives, and import dependency remain key pricing factors. Cargo format and shipment timing can materially affect the final landed cost.

South Korea

The South Korea level reflects FOB export indications from major refinery and port areas. The assessment is based on paving bitumen benchmarks, using PEN 60-80 as the nearest 60/70 market proxy. Final pricing may vary according to cargo size, vessel availability, and export allocation.

India

The India assessment reflects CFR levels across several major import ports. Prices differ by discharge location because of freight, port charges, inland demand, and regional supply access. Monsoon-related demand patterns and refinery availability may continue to affect short-term market behavior.

Malaysia

The Malaysia level reflects CFR pricing into several import and distribution points. Regional supply from Southeast Asia and the Middle East remains a key reference for market workability. Freight, cargo timing, and port-specific demand can create differences between destinations.

Vietnam

The Vietnam assessment reflects CFR pricing into northern and southern import ports. Market levels are influenced by regional supply availability, construction demand, and delivery distance. Final offers may vary by port, shipment schedule, and packaging requirements.

Brazil

The Brazil assessment is presented on a CFR Santos basis for 80/100 bitumen. The level reflects long-haul freight, transit time, import dependency, and Iranian-origin replacement cost. Final workable prices may change with vessel availability, insurance terms, and cargo size.

South Africa

The South Africa level reflects CIF Durban conditions for imported bitumen cargo. Pricing is shaped by long-distance freight, regional supply alternatives, and port-side distribution costs. Market workability may vary with shipment timing, packaging, and logistics availability.

Indonesia

The Indonesia assessment reflects CFR pricing across several major island-market destinations. Port differences are mainly driven by freight, local distribution costs, and regional demand concentration. Supply availability from nearby Asian markets remains important for final offer levels.

Bangladesh

The Bangladesh level reflects CFR Chittagong conditions for imported 60/70 bitumen. The market remains sensitive to freight, port handling, financing terms, and construction-sector demand. Short-term pricing may vary depending on vessel schedules and supplier availability.

Thailand

The Thailand assessment reflects CFR pricing into Bangkok and Laem Chabang. Price differences are mainly linked to port basis, cargo routing, and local distribution requirements. Regional supply availability and freight conditions remain the main short-term pricing drivers.

Venezuela

The Venezuela assessment reflects FOB indications across key export points. Pricing remains influenced by refinery availability, operational reliability, cargo preparation, and port conditions. Offer levels may vary by terminal, packaging format, and short-term export readiness.

Germany

The Germany assessment is presented on a CFR Hamburg basis for imported bitumen. Pricing reflects North European logistics, freight cost, replacement value, and delivered-market conditions. Final workable levels may vary with cargo timing, port costs, and regional supply availability.

Spain

The Spain assessment reflects CFR levels into Barcelona and Valencia using 50/70 penetration grade as the European market reference. Market pricing is influenced by Mediterranean freight, refinery supply, and import replacement cost. Destination, cargo format, and delivery schedule remain important variables for final offers.

Italy

The Italy assessment reflects CFR levels into Genoa and La Spezia using 50/70 penetration grade as the European market reference. Pricing is shaped by Mediterranean logistics, refinery balance, and imported cargo replacement cost. Final workable levels may differ by discharge port, shipment size, and near-term supply availability.