WPB – World of Petroleum & Bitumen has released its latest October bitumen prices for the first week of October 2026, covering major producing, exporting and importing markets across the Middle East, Asia, Europe, Africa, Australia and Latin America.
The latest October bitumen prices show a highly fragmented global market. Several Asian markets recorded new increases, led by Singapore, China, South Korea, India and Indonesia, while Iran showed a clear gap between factory-gate and export pricing. European markets were comparatively stable, and several long-haul destinations moved selectively rather than following a single global direction.
For buyers, traders, exporters, asphalt producers and procurement teams, the latest global bitumen prices demonstrate why grade, packaging, origin, port and delivery basis remain essential when comparing offers. EXW, FOB, CFR and CIF bitumen prices represent different points in the supply chain and should not be compared without accounting for logistics and delivery costs.
Iran Bitumen Price – October 2026
The Iran bitumen price remains one of the most important references in the Middle East bitumen market. October bitumen prices in Iran show a clear difference between factory-gate material and export-ready cargoes at Bandar Abbas.
Iranian 60/70 drum is assessed at USD 355–360/MT EXW factory and USD 395–400/MT FOB Bandar Abbas. Jumbo bag stands at USD 380–385/MT FOB Bandar Abbas, while flexi tank is assessed at USD 370–375/MT FOB Bandar Abbas.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First 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 October bitumen prices preserve commercially consistent packaging differentials. Jumbo bag remains approximately USD 15/MT below the FOB drum assessment, while flexi tank remains below both export drum and jumbo bag levels.
Russia Bitumen Price – October 2026
Russia’s October bitumen prices show a lower delivered assessment for Iran-origin material while the domestic BND benchmark remains stable.
Iran-origin 60/70 bitumen is assessed at USD 610–640/MT CFR Novorossiysk, while domestic BND road-grade bulk remains at USD 425/MT ±5 on an EXW/refinery-market basis excluding VAT.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (Iran-origin import)
|
610-640
|
CFR Novorossiysk
Origin: FOB Bandar Abbas, Iran
|
|
BND road grade (bulk)
|
425 ±5
|
EXW / refinery-market index; VAT excluded
|
The lower Bandar Abbas reference has reduced the Iran-origin delivered range, although freight, insurance and route uncertainty continue to prevent a full dollar-for-dollar pass-through.
Singapore Bitumen Price – October 2026
Singapore recorded one of the strongest increases in the latest October bitumen prices.
Singapore 60/70 bulk increased to USD 755/MT ±5 FOB Singapore, while drum reached USD 825/MT ±5 FOB Singapore. Tight October availability and firmer regional replacement values supported the increase.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
825 ±5
|
FOB Singapore
|
|
60/70 (bulk)
|
755 ±5
|
FOB Singapore
|
The Singapore bitumen price remains an important benchmark for the wider Asian market because changes in export availability can influence replacement costs across Southeast and South Asia.
China Bitumen Price – October 2026
China also moved higher in the latest October bitumen prices, with 60/70 drum assessments increasing by USD 20/MT across the listed destinations.
The China bitumen price now ranges from USD 715/MT ±5 CFR Chongqing to USD 725/MT ±5 CFR Tianjin. Hong Kong, Ningbo, Huangpu, Guangzhou, Nansha and Zhuhai are assessed at USD 718/MT ±5 CFR, while Yunfu and Dalian stand at USD 720/MT ±5 CFR.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
715 ±5
|
CFR Chongqing
|
|
60/70 (drum)
|
718 ±5
|
CFR Hong Kong
|
|
60/70 (drum)
|
718 ±5
|
CFR Ningbo
|
|
60/70 (drum)
|
718 ±5
|
CFR Huangpu
|
|
60/70 (drum)
|
720 ±5
|
CFR Yunfu
|
|
60/70 (drum)
|
725 ±5
|
CFR Tianjin
|
|
60/70 (drum)
|
720 ±5
|
CFR Dalian
|
|
60/70 (drum)
|
718 ±5
|
CFR Guangzhou
|
|
60/70 (drum)
|
718 ±5
|
CFR Nansha
|
|
60/70 (drum)
|
718 ±5
|
CFR Zhuhai
|
Tighter physical supply, firmer domestic values and stronger South China export indications continue to support Chinese October bitumen prices.
UAE Bitumen Price – October 2026
The UAE bitumen price remained stable during the first week of October.
Jebel Ali 60/70 drum is assessed at USD 610/MT ±5 FOB and USD 620/MT ±5 CFR. The USD 10/MT difference between the two listed bases remains unchanged.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
610 ±5
|
FOB Jebel Ali
|
|
60/70 (drum)
|
620 ±5
|
CFR Jebel Ali
|
The stability of UAE October bitumen prices contrasts with the stronger increases recorded across several Asian markets.
Sri Lanka Bitumen Price – October 2026
Sri Lanka’s October bitumen prices remain stable, with 60/70 drum at approximately USD 650/MT ±5 CFR Colombo.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
650 ±5
|
CFR Colombo
|
Current delivered replacement conditions continue to support this level, while shipping and procurement conditions have not provided sufficient evidence for another weekly adjustment.
Iraq Bitumen Price – October 2026
Iraq moved higher in the latest October bitumen prices.
Iraqi 60/70 drum is assessed at USD 345/MT ±5 EXW factory and USD 400/MT ±5 FOB, while jumbo bag stands at USD 330–335/MT EXW factory.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (Jumbo Bag)
|
330-335
|
EXW factory
|
|
60/70 (Drum)
|
345±5
|
EXW factory
|
|
60/70 (Drum)
|
400±5
|
FOB
|
The October bitumen price structure maintains the established packing relationship, with jumbo bag remaining below the factory-gate drum price.
Turkey Bitumen Price – October 2026
Turkey’s October bitumen prices also moved higher at Mersin.
60/70 jumbo bag is assessed at USD 570/MT ±5 FOB Mersin, while 60/70 drum reaches USD 575/MT ±5 FOB Mersin.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (Jumbo Bag)
|
570 ±5
|
FOB Mersin
|
|
60/70 (Drum)
|
575 ±5
|
FOB Mersin
|
The revised Turkey bitumen price retains a modest USD 5/MT premium for drum material over jumbo bag.
Australia Bitumen Price – October 2026
Australia recorded a moderate increase in October bitumen prices.
Brisbane 60/70 drum increased to USD 850/MT ±5 CIF, while jumbo bag reached USD 825/MT ±5 CIF Brisbane.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
850 ±5
|
CIF Brisbane
|
|
60/70 (Jumbo Bag)
|
825 ±5
|
CIF Brisbane
|
The USD 10/MT increase represents a partial pass-through from firmer Asian supply benchmarks, while the established USD 25/MT drum premium remains unchanged.
South Korea Bitumen Price – October 2026
The South Korean bitumen price strengthened again during the first week of October.
The PEN 60-80 bulk export benchmark, used as the nearest 60/70 market proxy, increased to USD 740/MT ±5 FOB Yeosu/Ulsan.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
Paving Bitumen
PEN 60-80 export benchmark
Nearest 60/70 market proxy
Bulk vessel cargo
|
740 ±5
|
FOB Yeosu/Ulsan export market
|
Limited regional availability and firmer October replacement values continue to support South Korea’s export market.
India Bitumen Price – October 2026
India is one of the most important markets in the latest October bitumen prices update.
Indian 60/70 drum CFR assessments increased by USD 10/MT across all listed ports, while VG30 Chennai rose to USD 660/MT ±5 CFR. The adjustment reflects the October refinery-price revision and returning post-monsoon demand.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
698 ±5
|
CFR Chennai
|
|
VG30
|
660 ±5
|
CFR Chennai
|
|
60/70 (drum)
|
635 ±5
|
CFR Cochin
|
|
60/70 (drum)
|
710 ±5
|
CFR Haldia
|
|
60/70 (drum)
|
605 ±5
|
CFR Mundra
|
|
60/70 (drum)
|
640 ±5
|
CFR Kandla
|
|
60/70 (drum)
|
655 ±5
|
CFR Nhava Sheva
|
|
60/70 (drum)
|
701 ±5
|
CFR Tuticorin
|
|
60/70 (drum)
|
729 ±5
|
CFR Kolkata
|
Chennai 60/70 drum is assessed at USD 698/MT ±5 CFR, Cochin at USD 635/MT ±5, Haldia at USD 710/MT ±5, Mundra at USD 605/MT ±5, Kandla at USD 640/MT ±5, Nhava Sheva at USD 655/MT ±5, Tuticorin at USD 701/MT ±5 and Kolkata at USD 729/MT ±5 CFR.
The increase in October bitumen prices in India remains smaller than the domestic refinery adjustment because imported CFR cargoes follow a different commercial basis.
Malaysia Bitumen Price – October 2026
Malaysia’s October bitumen prices remain within the established range.
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
|
|
First 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
|
The Malaysia bitumen price therefore remains within a USD 611–621/MT CFR range, with the existing port differentials retained.
Vietnam Bitumen Price – October 2026
Vietnam moved slightly lower in the latest October bitumen prices.
Haiphong is assessed at USD 625/MT ±5 CFR for 60/70 drum, while Ho Chi Minh stands at USD 615/MT ±5 CFR.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
625 ±5
|
CFR Haiphong
|
|
60/70 (drum)
|
615 ±5
|
CFR Ho Chi Minh
|
The USD 5/MT reduction reflects the softer Iranian export reference and selective demand while preserving the established USD 10/MT difference between the two destinations.
Brazil Bitumen Price – October 2026
The Brazil bitumen price moved lower for Iran-origin material.
The latest assessment stands at USD 645–680/MT CFR Santos, based on origin from Bandar Abbas, Iran.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70
|
645-680
|
CFR Santos
Origin: FOB Bandar Abbas, Iran
|
The lower Iranian FOB reference supports the reduction, although long-haul freight, insurance and cargo timing continue to create a relatively wide delivered price range.
South Africa Bitumen Price – October 2026
South Africa’s October bitumen prices remain stable.
60/70 drum is assessed at USD 870/MT ±5 CFR Durban, while domestic 50/70 bulk truck material remains at USD 885–915/MT EXW South Africa.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
870 ±5
|
CFR Durban
|
|
50/70 (bulk truck)
|
885-915
|
EXW South Africa
|
Freight and import replacement costs continue to play an important role in the South African bitumen market.
Indonesia Bitumen Price – October 2026
Indonesia recorded another increase in October bitumen prices.
60/70 drum rose to USD 620/MT ±5 CFR Belawan, USD 630/MT ±5 CFR Jakarta and USD 640/MT ±5 CFR Surabaya.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
620 ±5
|
CFR Belawan
|
|
60/70 (drum)
|
630 ±5
|
CFR Jakarta
|
|
60/70 (drum)
|
640 ±5
|
CFR Surabaya
|
All three listed destinations increased by USD 10/MT as firmer October cargo indications and tighter regional availability supported the market.
Bangladesh Bitumen Price – October 2026
Bangladesh remained stable during the first week of October.
60/70 drum is assessed at USD 520/MT ±5 CFR Chittagong.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
520 ±5
|
CFR Chittagong
|
The lower Iranian FOB reference has been offset by active import demand and route costs, leaving the Bangladesh bitumen price unchanged within its existing weekly tolerance.
Thailand Bitumen Price – October 2026
Thailand’s October bitumen prices also remain unchanged.
Bangkok 60/70 drum stands at USD 593/MT ±5 CFR, while Laem Chabang remains at USD 548/MT ±5 CFR.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 2026
|
60/70 (drum)
|
593 ±5
|
CFR Bangkok
|
|
60/70 (drum)
|
548 ±5
|
CFR Laem Chabang
|
Current market evidence does not support a new weekly revision, so both destination assessments remain at their previous levels.
Venezuela Bitumen Price – October 2026
Venezuelan October bitumen prices remain stable across Jose Terminal, Puerto La Cruz and Amuay.
Jose Terminal is assessed at USD 655/MT ±5 FOB for drum and USD 590/MT ±5 for bulk. Puerto La Cruz stands 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
|
|
First 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 existing terminal and packaging differentials remain commercially consistent despite continuing operational uncertainty.
Germany Bitumen Price – October 2026
German October bitumen prices remain unchanged.
Hamburg 60/70 drum stands at USD 700/MT ±5 CFR, while bulk remains at USD 670/MT ±5 CFR. Domestic 50/70–70/100 bulk truck material remains at USD 695–710/MT EXW Germany.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First Week of October 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
|
European demand remains comparatively calm, supporting a more stable price structure than the stronger increases seen in several Asian markets.
Spain Bitumen Price – October 2026
Spain also remains stable in the latest October bitumen prices.
Barcelona 50/70 drum is assessed at USD 715/MT ±5 CFR and bulk at USD 685/MT ±5 CFR. Valencia drum stands at USD 710/MT ±5, while bulk is USD 680/MT ±5 CFR. Domestic bulk truck material remains at USD 675–695/MT EXW Spain.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First 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)
|
675-695
|
EXW Spain
|
No new same-basis evidence supports changing the established Spanish port or packaging differentials.
Italy Bitumen Price – October 2026
Italian October bitumen prices remain unchanged across Genoa and La Spezia.
Genoa 50/70 drum is assessed at USD 625/MT ±5 CFR and bulk at USD 575/MT ±5 CFR. La Spezia stands at USD 620/MT ±5 for drum and USD 570/MT ±5 for bulk, while domestic bulk truck material remains at USD 590–610/MT EXW Italy.
|
Date
|
Bitumen Grade
|
Price (USD/MT)
|
Price Basis
|
|
First 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)
|
590-610
|
EXW Italy
|
Stable local and Mediterranean replacement conditions continue to support the current Italy bitumen price structure.
October Bitumen Prices Show a Split Global Market
The first week of October confirms that global bitumen prices are moving selectively rather than uniformly.
Asian October bitumen prices are generally firmer. Singapore increased by USD 30/MT, Chinese assessments rose by USD 20/MT, South Korea increased by USD 20/MT, Indonesia gained USD 10/MT and Indian 60/70 CFR assessments also increased by USD 10/MT across the listed ports.
At the same time, October bitumen prices in several other markets remained stable. Malaysia, Sri Lanka, Bangladesh, Thailand, South Africa, Venezuela, Germany, Spain and Italy retained their previous structures.
Iran presents a different pattern, with a lower export reference than earlier September levels but a clear premium between EXW and FOB material. This softer Iranian reference has also affected Iran-origin assessments into Novorossiysk and Santos.
The latest October bitumen prices therefore show a global market increasingly shaped by local supply conditions, refinery availability, regional replacement costs and freight rather than by a single international price direction.
Latest October Bitumen Prices on WPB
WPB continues to monitor October bitumen prices, global bitumen prices, 60/70 bitumen prices, VG30 prices, FOB bitumen prices, CFR bitumen prices, EXW assessments and country-specific market developments.
The latest first-week October bitumen prices are available through the WPB Prices section, covering major markets across Asia, the Middle East, Europe, Africa, Australia and Latin America.
For the latest bitumen news and bitumen market analysis:
https://www.bitumenmag.com/News/BITUMEN
WPB – World of Petroleum & Bitumen will continue to track October bitumen prices, global bitumen market movements, regional supply conditions, refinery activity, freight developments and international bitumen trade.
