WPB – World of Petroleum & Bitumen has released its latest October bitumen prices for the second week of October 2026, showing a global market that remains highly fragmented rather than moving in one direction.
The latest October bitumen prices reveal a stable Iranian market, a softer Iraqi reference and another round of moderate increases across several important Asian markets. Singapore, China, South Korea, India and Indonesia all moved higher, while Malaysia, Vietnam, Thailand, Sri Lanka, Turkey and several European CFR assessments remained broadly stable.
The second-week October bitumen prices therefore reinforce one of the most important features of the current global bitumen market: regional supply, refinery availability, freight, local demand and replacement costs are becoming more important than any single global benchmark.
Iran Bitumen Price – October 2026
Iran remains one of the most closely watched markets in the latest October bitumen prices assessment.
Iranian 60/70 drum remains at USD 355–360/MT EXW factory and USD 395–400/MT FOB Bandar Abbas. Jumbo bag remains at USD 380–385/MT FOB, while flexi tank is assessed at USD 370–375/MT FOB Bandar Abbas.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (Drum)
|
355-360
|
EXW factory
|
|
60/70 (Drum)
|
395-400
|
FOB Bandar Abbas
|
|
60/70 (Jumbo Bag)
|
380-385
|
FOB Bandar Abbas
|
|
60/70 (Flexi Tank)
|
370-375
|
FOB Bandar Abbas
|
The Iran bitumen price structure remains unchanged from the previous week, with jumbo bag maintaining a USD 15/MT discount to the FOB drum range. The stability of the Iranian benchmark contrasts with the softer Iraqi market and firmer Asian prices.
Iraq Bitumen Price Falls in the Second Week of October
Iraq is one of the clearest downward movers in the latest October bitumen prices.
Iraqi 60/70 drum is revised to USD 335/MT ±5 EXW factory and USD 385/MT ±5 FOB, while jumbo bag falls to USD 320–325/MT EXW.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (Jumbo Bag)
|
320-325
|
EXW factory
|
|
60/70 (Drum)
|
335±5
|
EXW factory
|
|
60/70 (Drum)
|
385±5
|
FOB
|
Iraqi 60/70 drum is revised to USD 335/MT EXW and USD 385/MT FOB. Jumbo bag is aligned at USD 320-325/MT EXW, preserving a USD 10-15/MT discount to the factory-gate drum price.
The softer Iraq bitumen price creates a stronger contrast with neighboring Iran, where FOB Bandar Abbas drum remains at USD 395–400/MT. The current structure also preserves a USD 10–15/MT discount between jumbo bag and factory-gate drum material.
Singapore Bitumen Price Moves Higher Again
Singapore continues to strengthen in the latest October bitumen prices.
Singapore 60/70 bulk rises to USD 762/MT ±5 FOB Singapore, while drum reaches USD 832/MT ±5 FOB.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
832 ±5
|
FOB Singapore
|
|
60/70 (bulk)
|
762 ±5
|
FOB Singapore
|
The USD 7/MT weekly increase reflects tight spot availability and refinery feedstock constraints. The established USD 70/MT premium between drum and bulk remains unchanged.
The Singapore bitumen price remains particularly important because the market continues to act as a major regional reference point for Southeast Asian replacement costs.
China Bitumen Price Reaches USD 730/MT
China also moves higher in the latest October bitumen prices, with all listed 60/70 drum CFR assessments increasing by USD 5/MT.
Chinese bitumen prices now range from USD 720/MT ±5 CFR Chongqing to USD 730/MT ±5 CFR Tianjin.
[INSERT CHINA BITUMEN PRICE TABLE HERE]
Hong Kong, Ningbo, Huangpu, Guangzhou, Nansha and Zhuhai are assessed at USD 723/MT ±5 CFR, while Yunfu and Dalian stand at USD 725/MT ±5.
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Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
720 ±5
|
CFR Chongqing
|
|
60/70 (drum)
|
723 ±5
|
CFR Hong Kong
|
|
60/70 (drum)
|
723 ±5
|
CFR Ningbo
|
|
60/70 (drum)
|
723 ±5
|
CFR Huangpu
|
|
60/70 (drum)
|
725 ±5
|
CFR Yunfu
|
|
60/70 (drum)
|
730 ±5
|
CFR Tianjin
|
|
60/70 (drum)
|
725 ±5
|
CFR Dalian
|
|
60/70 (drum)
|
723 ±5
|
CFR Guangzhou
|
|
60/70 (drum)
|
723 ±5
|
CFR Nansha
|
|
60/70 (drum)
|
723 ±5
|
CFR Zhuhai
|
The China bitumen price remains supported by firm regional supply conditions, while the existing port-to-port differentials are retained.
India Bitumen Prices Rise Across All Listed Ports
India remains one of the strongest markets in the second-week October bitumen prices update.
Indian 60/70 drum CFR assessments increase by USD 10/MT across every listed port, while VG30 Chennai rises to USD 670/MT ±5 CFR.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
708 ±5
|
CFR Chennai
|
|
VG30
|
670 ±5
|
CFR Chennai
|
|
60/70 (drum)
|
645 ±5
|
CFR Cochin
|
|
60/70 (drum)
|
720 ±5
|
CFR Haldia
|
|
60/70 (drum)
|
615 ±5
|
CFR Mundra
|
|
60/70 (drum)
|
650 ±5
|
CFR Kandla
|
|
60/70 (drum)
|
665 ±5
|
CFR Nhava Sheva
|
|
60/70 (drum)
|
711 ±5
|
CFR Tuticorin
|
|
60/70 (drum)
|
739 ±5
|
CFR Kolkata
|
Chennai 60/70 drum is assessed at USD 708/MT ±5 CFR, Cochin at USD 645/MT ±5, Haldia at USD 720/MT ±5, Mundra at USD 615/MT ±5, Kandla at USD 650/MT ±5, Nhava Sheva at USD 665/MT ±5, Tuticorin at USD 711/MT ±5 and Kolkata at USD 739/MT ±5 CFR.
Higher domestic costs, stronger post-monsoon buying and elevated freight continue to support the India bitumen price.
South Korea Bitumen Price Extends October Increase
South Korea recorded another moderate increase in the latest October bitumen prices.
The PEN 60-80 bulk export benchmark, used as the nearest 60/70 market proxy, rises to USD 747/MT ±5 FOB Yeosu/Ulsan.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
Paving Bitumen
PEN 60-80 export benchmark
Nearest 60/70 market proxy
Bulk vessel cargo
|
747 ±5
|
FOB Yeosu/Ulsan export market
|
The USD 7/MT increase reflects limited prompt availability and firmer regional replacement conditions.
UAE Bitumen Price Remains Stable
UAE October bitumen prices remain unchanged during the second week.
Jebel Ali 60/70 drum is assessed at USD 610/MT ±5 FOB and USD 620/MT ±5 CFR.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
610 ±5
|
FOB Jebel Ali
|
|
60/70 (drum)
|
620 ±5
|
CFR Jebel Ali
|
The USD 10/MT basis differential remains unchanged, with no new comparable market signal supporting a revision.
Sri Lanka Bitumen Price Holds at USD 650/MT
Sri Lanka remains stable in the second-week October bitumen prices.
60/70 drum remains at USD 650/MT ±5 CFR Colombo.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
650 ±5
|
CFR Colombo
|
Current delivered replacement conditions remain consistent with the previous assessment, leaving the Colombo benchmark unchanged.
Turkey Bitumen Price Remains Stable
Turkey also holds its previous-week structure.
Mersin 60/70 jumbo bag remains at USD 570/MT ±5 FOB, while drum is assessed at USD 575/MT ±5 FOB.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (Jumbo Bag)
|
570 ±5
|
FOB Mersin
|
|
60/70 (Drum)
|
575 ±5
|
FOB Mersin
|
The continuing Turkey bitumen price structure maintains the established USD 5/MT packing differential.
Australia Bitumen Price Rises Again
Australia records another increase in October bitumen prices.
Brisbane 60/70 drum rises to USD 860/MT ±5 CIF, while jumbo bag reaches USD 835/MT ±5 CIF.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
860 ±5
|
CIF Brisbane
|
|
60/70 (Jumbo Bag)
|
835 ±5
|
CIF Brisbane
|
The USD 10/MT weekly increase reflects firmer Asian replacement values, while the established USD 25/MT drum premium remains intact.
Malaysia Bitumen Price Remains Within USD 611–621/MT
Malaysia remains stable despite tighter regional availability.
60/70 drum is assessed at USD 616/MT ±5 CFR Penang, USD 621/MT ±5 CFR Kota Kinabalu, USD 611/MT ±5 CFR Port Klang and USD 614/MT ±5 CFR Pasir Gudang.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 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
|
Moderate demand continues to offset tighter regional supply, keeping Malaysian October bitumen prices unchanged.
Vietnam Bitumen Price Remains Stable
Vietnam's October bitumen prices also remain unchanged.
Haiphong 60/70 drum is assessed at USD 625/MT ±5 CFR, while Ho Chi Minh remains at USD 615/MT ±5 CFR.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
625 ±5
|
CFR Haiphong
|
|
60/70 (drum)
|
615 ±5
|
CFR Ho Chi Minh
|
Improving northern requirements are being offset by softer demand in the south, maintaining the existing USD 10/MT port differential.
Indonesia Bitumen Price Rises by USD 10/MT
Indonesia is another Asian market showing higher October bitumen prices.
60/70 drum rises to USD 630/MT ±5 CFR Belawan, USD 640/MT ±5 CFR Jakarta and USD 650/MT ±5 CFR Surabaya.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
630 ±5
|
CFR Belawan
|
|
60/70 (drum)
|
640 ±5
|
CFR Jakarta
|
|
60/70 (drum)
|
650 ±5
|
CFR Surabaya
|
All three Indonesian destinations rise by USD 10/MT as firmer regional cargo values continue to support the market.
Bangladesh Bitumen Price Holds at USD 520/MT
Bangladesh remains unchanged.
60/70 drum is assessed at USD 520/MT ±5 CFR Chittagong.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
520 ±5
|
CFR Chittagong
|
Import demand and route costs continue to offset the softer Iraqi reference, keeping the Bangladesh bitumen price stable.
Thailand Bitumen Price Remains Stable
Thailand remains another stable market in the latest October bitumen prices update.
Bangkok 60/70 drum remains at USD 593/MT ±5 CFR, while Laem Chabang stands at USD 548/MT ±5 CFR.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
593 ±5
|
CFR Bangkok
|
|
60/70 (drum)
|
548 ±5
|
CFR Laem Chabang
|
Restricted regional supply is being offset by rain-affected road demand, preventing a new weekly adjustment.
Brazil Bitumen Price Remains at USD 645–680/MT
Brazil's Iran-origin assessment remains at USD 645–680/MT CFR Santos.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70
|
645-680
|
CFR Santos
Origin: FOB Bandar Abbas, Iran
|
The unchanged Iranian FOB reference, long-haul freight, insurance and cargo timing continue to support the existing delivered price range.
South Africa Bitumen Prices Edge Higher
South Africa moves moderately higher in the second-week October bitumen prices.
Durban 60/70 drum rises to USD 875/MT ±5 CFR, while domestic 50/70 bulk truck material increases to USD 890–920/MT EXW South Africa.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
875 ±5
|
CFR Durban
|
|
50/70 (bulk truck)
|
890-920
|
EXW South Africa
|
The increase reflects firm import replacement costs while maintaining the existing relationship between domestic and imported supply.
Venezuela Bitumen Prices Remain Unchanged
Venezuelan October bitumen prices remain stable across Jose Terminal, Puerto La Cruz and Amuay.
Jose Terminal stands at USD 655/MT ±5 FOB for drum and USD 590/MT ±5 for bulk. Puerto La Cruz remains at USD 646/MT ±5 for drum and USD 571/MT ±5 for bulk, while Amuay is assessed at USD 634/MT ±5 for drum and USD 554/MT ±5 for bulk.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 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
|
The current terminal and packaging differentials remain unchanged.
Germany Bitumen Price: Domestic Market Moves Higher
German CFR assessments remain stable, but the domestic market moves higher.
Hamburg 60/70 drum remains at USD 700/MT ±5 CFR, while bulk stays at USD 670/MT ±5 CFR. Domestic 50/70–70/100 bulk truck material rises to USD 700–715/MT EXW Germany.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 2026
|
60/70 (drum)
|
700 ±5
|
CFR Hamburg
|
|
60/70 (bulk)
|
670 ±5
|
CFR Hamburg
|
|
50/70-70/100 (bulk truck)
|
700-715
|
EXW Germany
|
Stronger fuel-oil and truck replacement costs are supporting higher domestic October bitumen prices, while import rows remain unchanged.
Spain Bitumen Price: Domestic Bulk Increases
Spain shows a similar pattern.
Barcelona remains at USD 715/MT ±5 CFR for drum and USD 685/MT ±5 for bulk, while Valencia stands at USD 710/MT ±5 for drum and USD 680/MT ±5 for bulk.
Domestic 50/70 bulk truck material increases to USD 680–700/MT EXW Spain.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 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)
|
680-700
|
EXW Spain
|
The increase reflects firmer local replacement costs without changing existing port and packaging relationships.
Italy Bitumen Price: CFR Stable, Domestic Market Firms
Italian CFR October bitumen prices remain unchanged.
Genoa 50/70 drum remains at USD 625/MT ±5 CFR and bulk at USD 575/MT ±5 CFR. La Spezia stays USD 5/MT below Genoa, while domestic bulk rises modestly to USD 595–615/MT EXW Italy.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
Second Week of October 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)
|
595-615
|
EXW Italy
|
The domestic increase reflects firmer local replacement costs while Mediterranean CFR values remain stable.
October Bitumen Prices Show Asia Leading the Global Market
The second-week October bitumen prices confirm that Asia remains the strongest part of the global market.
Singapore and South Korea each increased by USD 7/MT, China added USD 5/MT across all listed destinations, India gained USD 10/MT across its 60/70 drum CFR assessments, and Indonesia also increased by USD 10/MT.
At the same time, the Middle East remains divided. Iran is stable, Iraq moves lower, Jebel Ali is unchanged and Mersin holds its previous level.
European October bitumen prices are also increasingly split between stable import benchmarks and firmer domestic replacement costs. German and Spanish CFR values remain unchanged while domestic ranges increase, and Italy shows a similar domestic rise.
The overall global bitumen market therefore continues to show selective regional repricing rather than a synchronized global move.
Latest October Bitumen Prices on WPB
WPB continues to monitor October bitumen prices, global bitumen prices, Iran bitumen price, India bitumen price, China bitumen price, Singapore bitumen price, Iraq bitumen price, 60/70 bitumen price, VG30 price, FOB bitumen prices, CFR assessments and regional market developments.
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WPB – World of Petroleum & Bitumen will continue to track global bitumen prices, regional supply conditions, refinery activity, freight, replacement costs and international bitumen trade.
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