WPB – World of Petroleum & Bitumen has released its latest global bitumen price update for the last week of September 2026, covering major producing, exporting and importing markets across the Middle East, Asia, Europe, Africa and Latin America.
The latest global bitumen market remains highly fragmented, with refinery availability, physical supply, freight, insurance, feedstock costs and regional demand creating significant differences between individual markets. Recent WPB analysis also indicates that logistics and execution risk are becoming increasingly important in determining the real delivered cost of bitumen.
For buyers, traders and asphalt producers, comparing the bitumen price now requires more than monitoring a single crude or refinery benchmark. Grade, packaging, origin, port, freight and delivery basis can all materially affect the final cost.
Iran Bitumen Price
The Iran bitumen price remains one of the key reference points for the Middle East and international export market.
Iranian bitumen is traded through several packaging and delivery structures, including drum, jumbo bag and flexi bag. Differences between EXW and FOB Bandar Abbas values reflect not only product packaging but also inland transportation, handling, port costs and export logistics.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (Drum)
|
337±5
|
EXW factory
|
|
60/70 (Drum)
|
415±5
|
FOB Bandar Abbas
|
|
60/70 (Jumbo Bag)
|
393±5
|
FOB Bandar Abbas
|
|
60/70 (Flexi Tank)
|
383±5
|
FOB Bandar Abbas
|
Latest Iran bitumen price assessments:
https://bitumenmag.com/Reports/iran-bitumen-price
Iraq Bitumen Price
The Iraq bitumen price continues to show an important distinction between factory-gate values and export-ready material.
EXW quotations should not be directly compared with FOB prices because transport, handling and delivery to the export point can materially increase the final cost. This makes the delivery basis particularly important when comparing Iraq bitumen prices with competing Middle Eastern origins.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (Jumbo Bag)
|
315-320
|
EXW factory
|
|
60/70 (Drum)
|
330±5
|
EXW factory
|
|
60/70 (Drum)
|
385±5
|
FOB
|
Latest Iraq bitumen price assessments:
https://bitumenmag.com/Reports/iraq-bitumen-price
UAE Bitumen Price
The UAE bitumen price remains an important Gulf market reference, particularly through Jebel Ali.
Regional replacement costs, freight and export logistics continue to influence both FOB and delivered values. The UAE also remains strategically important as a regional distribution and re-export center for petroleum and bitumen products.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
610 ±5
|
FOB Jebel Ali
|
|
60/70 (drum)
|
620 ±5
|
CFR Jebel Ali
|
Latest UAE bitumen price assessments:
https://www.bitumenmag.com/Reports/uae-bitumen-price
Singapore Bitumen Price
The Singapore bitumen price remains one of the most closely watched benchmarks in the Asian bitumen market.
Singapore's role as a regional trading and redistribution hub means changes in refinery operating rates, feedstock availability and export volumes can quickly affect replacement costs across Southeast and South Asia. WPB's September market analysis highlighted tighter Singapore export availability as an important factor affecting regional supply.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
795 ±5
|
FOB Singapore
|
|
60/70 (bulk)
|
725 ±5
|
FOB Singapore
|
Latest Singapore bitumen price assessments:
https://www.bitumenmag.com/Reports/singapore-bitumen-price
China Bitumen Price
The China bitumen price remains sensitive to domestic refinery production, inventories, infrastructure demand and regional supply conditions.
Different Chinese ports can show relatively small or significant price spreads depending on logistics, refinery availability and local demand. As a result, China bitumen prices should be assessed by destination rather than through a single national number.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
695 ±5
|
CFR Chongqing
|
|
60/70 (drum)
|
698 ±5
|
CFR Hong Kong
|
|
60/70 (drum)
|
698 ±5
|
CFR Ningbo
|
|
60/70 (drum)
|
698 ±5
|
CFR Huangpu
|
|
60/70 (drum)
|
700 ±5
|
CFR Yunfu
|
|
60/70 (drum)
|
705 ±5
|
CFR Tianjin
|
|
60/70 (drum)
|
700 ±5
|
CFR Dalian
|
|
60/70 (drum)
|
698 ±5
|
CFR Guangzhou
|
|
60/70 (drum)
|
698 ±5
|
CFR Nansha
|
|
60/70 (drum)
|
698 ±5
|
CFR Zhuhai
|
India Bitumen Price
The India bitumen price remains a major focus as road construction activity strengthens following the monsoon period and refiners adjust domestic values.
India is a highly regional market, with significant differences between individual ports and grades. WPB's September analysis highlighted stronger domestic pricing, expanding road awards and uneven supply as important factors for procurement decisions.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
688 ±5
|
CFR Chennai
|
|
VG30
|
639 ±5
|
CFR Chennai
|
|
60/70 (drum)
|
625 ±5
|
CFR Cochin
|
|
60/70 (drum)
|
700 ±5
|
CFR Haldia
|
|
60/70 (drum)
|
595 ±5
|
CFR Mundra
|
|
60/70 (drum)
|
630 ±5
|
CFR Kandla
|
|
60/70 (drum)
|
645 ±5
|
CFR Nhava Sheva
|
|
60/70 (drum)
|
691 ±5
|
CFR Tuticorin
|
|
60/70 (drum)
|
719 ±5
|
CFR Kolkata
|
South Korea Bitumen Price
South Korea remains an important Northeast Asian export market.
The South Korea bitumen price is influenced by refinery availability, regional export demand and competition from buyers across China and Southeast Asia. Tight supply conditions can therefore have a rapid impact on export benchmarks.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
Paving Bitumen
PEN 60-80 export benchmark
Nearest 60/70 market proxy
Bulk vessel cargo
|
720 ±5
|
FOB Yeosu/Ulsan export market
|
Malaysia Bitumen Price
The Malaysia bitumen price varies across key destinations including Port Klang, Penang, Pasir Gudang and Kota Kinabalu.
Freight, port location and regional replacement costs remain important in determining delivered values, making port-specific comparison more useful than a single Malaysia bitumen price benchmark.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
616 ±5
|
CFR Penang
|
|
60/70 (drum)
|
621 ±5
|
CFR Kota Kinabalu
|
|
60/70 (drum)
|
611 ±5
|
CFR Port Klang
|
|
60/70 (drum)
|
614 ±5
|
CFR Pasir Gudang
|
Vietnam Bitumen Price
The Vietnam bitumen price remains closely linked to regional supply and import economics.
Haiphong and Ho Chi Minh City can carry different delivered values because of freight, port conditions and regional supply patterns.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
630 ±5
|
CFR Haiphong
|
|
60/70 (drum)
|
620 ±5
|
CFR Ho Chi Minh
|
Indonesia Bitumen Price
Indonesia remains another highly regional bitumen market.
The Indonesia bitumen price can differ between Belawan, Jakarta and Surabaya, reflecting shipping distance, port economics and local demand conditions.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
610 ±5
|
CFR Belawan
|
|
60/70 (drum)
|
620 ±5
|
CFR Jakarta
|
|
60/70 (drum)
|
630 ±5
|
CFR Surabaya
|
Thailand Bitumen Price
The Thailand bitumen price continues to be monitored across Bangkok and Laem Chabang.
Differences between destinations reflect port economics and delivered-cost structures, while regional supply conditions across Southeast Asia remain an important influence on replacement values.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
593 ±5
|
CFR Bangkok
|
|
60/70 (drum)
|
548 ±5
|
CFR Laem Chabang
|
Bangladesh Bitumen Price
The Bangladesh bitumen price remains strongly influenced by import costs and regional South Asian supply conditions.
Chittagong is the key reference destination, with freight and origin prices forming an important part of the final delivered bitumen price.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
520 ±5
|
CFR Chittagong
|
Sri Lanka Bitumen Price
Sri Lanka remains primarily dependent on imported bitumen, making freight and replacement costs particularly important.
The Sri Lanka bitumen price at Colombo therefore reflects not only the commodity value but also shipping and regional supply economics.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
646 ±5
|
CFR Colombo
|
Turkey Bitumen Price
The Turkey bitumen price remains an important reference around Mersin and surrounding export markets.
Packaging, domestic availability and regional trade conditions continue to influence Turkish drum and jumbo bag quotations.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (Jumbo Bag)
|
580 ±5
|
FOB Mersin
|
|
60/70 (Drum)
|
590 ±5
|
FOB Mersin
|
Australia Bitumen Price
Australia remains a high delivered-cost market where long-distance freight plays an important role in final bitumen pricing.
The Australia bitumen price should therefore be assessed on a delivered basis, with port, packaging and shipping economics included in the comparison.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
840 ±5
|
CIF Brisbane
|
|
60/70 (Jumbo Bag)
|
815 ±5
|
CIF Brisbane
|
South Africa Bitumen Price
The South Africa bitumen price reflects both imported material and domestic bulk supply.
Durban remains an important reference point for imported cargoes, while domestic truck-market values can differ because of local supply, transportation and storage costs.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
870 ±5
|
CFR Durban
|
|
50/70 (bulk truck)
|
885-915
|
EXW South Africa
|
Brazil Bitumen Price
Brazil remains a long-haul destination where freight and shipment timing can create a wide delivered bitumen price range.
Importers comparing Brazil bitumen prices need to consider not only the origin price but also marine freight, insurance and voyage economics.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70
|
660-695
|
CFR Santos
Origin: FOB Bandar Abbas, Iran
|
Venezuela Bitumen Price
The Venezuela bitumen price varies across key export terminals and between drum and bulk material.
Terminal availability, operating conditions and packaging remain important when comparing individual Venezuelan bitumen quotations.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
655 ±5
|
FOB Jose Terminal
|
|
60/70 (bulk)
|
590 ±5
|
FOB Jose Terminal
|
|
60/70 (drum)
|
646 ±5
|
FOB Puerto La Cruz
|
|
60/70 (bulk)
|
571 ±5
|
FOB Puerto La Cruz
|
|
60/70 (drum)
|
634 ±5
|
FOB Amuay
|
|
60/70 (bulk)
|
554 ±5
|
FOB Amuay
|
Germany Bitumen Price
The Germany bitumen price reflects both imported cargo economics and the domestic truck market.
Refinery availability, fuel-oil economics and regional transport costs remain key factors affecting German bitumen prices.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
60/70 (drum)
|
700 ±5
|
CFR Hamburg
|
|
60/70 (bulk)
|
670 ±5
|
CFR Hamburg
|
|
50/70-70/100 (bulk truck)
|
695-710
|
EXW Germany
|
Spain Bitumen Price
Spain's bitumen market continues to show differences between Barcelona, Valencia and domestic bulk supply.
Mediterranean freight, refinery economics and local replacement costs remain important when assessing the Spain bitumen price.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
50/70 (drum)
|
715 ±5
|
CFR Barcelona
|
|
50/70 (bulk)
|
685 ±5
|
CFR Barcelona
|
|
50/70 (drum)
|
710 ±5
|
CFR Valencia
|
|
50/70 (bulk)
|
680 ±5
|
CFR Valencia
|
|
50/70 (bulk truck)
|
675-695
|
EXW Spain
|
Italy Bitumen Price
The Italy bitumen price is influenced by Mediterranean supply, refinery availability and domestic transport economics.
Genoa and La Spezia remain important reference points for imported and coastal bitumen trade.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Last Week of September 2026
|
50/70 (drum)
|
625 ±5
|
CFR Genoa
|
|
50/70 (bulk)
|
575 ±5
|
CFR Genoa
|
|
50/70 (drum)
|
620 ±5
|
CFR La Spezia
|
|
50/70 (bulk)
|
570 ±5
|
CFR La Spezia
|
|
50/70 (bulk truck)
|
590-610
|
EXW Italy
|
Freight and Insurance Reshape Delivered Bitumen Prices
One of the most important features of the current global bitumen market is the growing difference between the nominal product price and the actual delivered cost.
WPB's September market analysis identifies freight, bunker fuel, insurance, vessel availability, demurrage and route risk as increasingly important components of bitumen trading economics.
A lower FOB bitumen price does not necessarily mean a lower total purchasing cost.
Buyers increasingly need to consider the full cost chain, including:
- Marine freight
- Insurance
- Heating
- Port charges
- Storage
- Demurrage
- Inland transportation
- Financing and working-capital costs
This makes delivered bitumen price analysis particularly important when comparing different origins.
Global Bitumen Price Outlook
The global bitumen market is expected to remain firm but uneven, rather than moving through a synchronized price increase.
WPB's latest analysis expects stronger pricing pressure in parts of Northeast Asia and selected South Asian markets, more moderate movements across Southeast Asia and the Middle East, and slower adjustment in Europe and long-haul destinations.
Regional refinery availability, physical inventories, freight, insurance and infrastructure demand will remain critical indicators for the next phase of the global bitumen market.
Latest Global Bitumen Prices Available on WPB
The latest global bitumen prices for the last week of September 2026 are now available through the Prices section of Bitumen Magazine
WPB provides country-specific and port-specific bitumen price assessments for major markets across Asia, the Middle East, Europe, Africa and Latin America.
View the latest bitumen prices and country market assessments:
https://www.bitumenmag.com/Reports
For the latest bitumen news and bitumen market analysis:
https://www.bitumenmag.com/News/BITUMEN
WPB – World of Petroleum & Bitumen will continue to monitor global bitumen prices, Iran bitumen price, India bitumen price, China bitumen price, Singapore bitumen price, UAE bitumen price, regional supply conditions, refinery activity, freight developments and international bitumen market trends.
