The analysis of bitumen price data across the twenty-two selected markets reveals a significant “operational decoupling” between macro-political risks and micro-pricing mechanisms. While the deeper layers of the energy supply chain are under pressure from structural instability specifically regarding the critical chokepoint of the Strait of Hormuz the bitumen markets in the selected countries have not exhibited non-linear or disruptive price surges. This phenomenon indicates that logistics and insurance volatility are being systematically absorbed by intermediary economic layers, effectively preventing transmission to final transaction rates.
Statistical assessments demonstrate that across all twenty-two economic territories, price variations remain confined to negligible, micro-fluctuations, lacking the magnitude required to alter macro-market trends. Contrary to traditional models which correlate energy supply shocks directly with commodity price volatility the target markets have neutralized short-term instability through internal defensive mechanisms. This state of affairs can be accurately characterized as “price inertia within an unstable environment.”
The root of this systematic resilience lies in the relative insulation of target markets through long-term procurement contracts and strategic inventory management. By constructing a strategic buffer, these nations have successfully maintained a paradigm of price stability, even amidst peripheral emergencies. This static condition suggests not the absence of risk, but rather the capacity of secondary markets to sequester geopolitical noise, preventing the direct translation of external impulses into domestic market pricing.
Ultimately, the current status of the bitumen market across these twenty-two countries represents a “fragile equilibrium.” This price stagnation is not a consequence of the absence of tension, but rather the result of intensive management and the containment of external pressures. Sustaining this pattern necessitates continuous monitoring of macro-logistical variables, as the current equilibrium system remains highly vulnerable to any physical escalation in the Strait of Hormuz, with the inherent potential to shift rapidly toward non-linear, corrective price reactions.
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Iran
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (Drum) |
410±5 |
FOB Bandar Abbas |
|
60/70 (Bulk) |
328±5 |
FOB Bandar Abbas |
|
|
60/70 (Jumbo Bag) |
400±5 |
FOB Bandar Abbas |
|
|
60/70 (Drum) |
377±5 |
Ex-work Bandar Abbas |
|
|
60/70 (Bulk) |
288 ± 5 |
Ex-work Bandar Abbas |
|
|
60/70 (Jumbo Bag) |
363±5 |
Ex-work Bandar Abbas |
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Bitumen, Bitumen Price, Price
Russia
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
343 ±5 |
FOB Novorossiysk |
|
60/70 (drum) |
273 ±5 |
FOB St. Petersburg |
|
|
60/70 (drum) |
438 ±5 |
FOB Ust-Luga |
|
|
60/70 (drum) |
308 ±5 |
FOB Primorsk |
|
|
60/70 (drum) |
288 ± 5 |
FOB Vysotsk |
The geopolitical friction concentrated around the Strait of Hormuz has introduced latent vulnerability into Russian commodity networks. However, the domestic bitumen index has resisted major deviations, displaying only subtle, non-material shifts. This divergence underscores a state of fragile equilibrium where supply volatility exists without manifesting as significant price adjustments.
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Bitumen, Bitumen Price, Price
Singapore
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
724±5 |
CIF Singapore |
|
60/70 (bulk) |
664±5 |
FOB Singapore |
As a primary maritime hub, Singapore operates under constant exposure to logistical disruptions originating in the Strait of Hormuz. While this exposure compromises long-term pricing stability, the short-term data reveals only negligible price adjustments. The market is characterized by underlying volatility that has not translated into perceptible changes in the final price index.
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Bitumen, Bitumen Price, Pric
China
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
540±5 |
CFR Chongqing |
|
60/70 (drum) |
541±5 |
CFR Hong Kong |
|
|
60/70 (drum) |
539±5 |
CFR Ningbo |
|
|
60/70 (drum) |
540±5 |
CFR Huangpu |
|
|
60/70 (drum) |
541±5 |
CFR Yunfu |
|
|
60/70 (drum) |
542±5 |
CFR Tianjin |
|
|
60/70 (drum) |
539±5 |
CFR Dalian |
|
|
60/70 (drum) |
537±5 |
CFR Guangzhou |
|
|
60/70 (drum) |
541±5 |
CFR Nansha |
|
|
60/70 (drum) |
540±5 |
CFR Zhuhai |
Chinese bitumen pricing models reflect the systemic instability associated with global energy transit corridors. Despite the strategic risks linked to the Strait of Hormuz, the actual pricing variations recorded in the dataset are statistically minor. The market maintains a state of superficial consistency, with underlying risks failing to generate significant price movements.
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Bitumen, Bitumen Price, Price
UAE
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
563±5 |
FOB Jebel Ali |
|
60/70 (drum) |
593±5 |
CFR Jebel Ali |
The UAE bitumen sector is directly positioned within the risk radius of the Strait of Hormuz transit volatility. While this geographic factor undermines structural price predictability, the registered price variations are remarkably minute. The data illustrates that despite the highly unstable regional context; the actual pricing adjustments remain within an imperceptible range.
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Bitumen, Bitumen Price, Price
Sri Lanka
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
539±5 |
CFR Colombo |
In Sri Lanka, the bitumen market is subjected to the broader logistical uncertainty of the Indian Ocean supply routes. Although the instability in the Strait of Hormuz creates an unpredictable procurement outlook, the pricing data demonstrates only minor, non-consequential fluctuations. The market maintains a flat profile with minimal economic variance.
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Bitumen, Bitumen Price, Price
Iraq
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
553±5 |
FOB Bandar Abbas |
|
60/70 (bulk) |
505±5 |
FOB Bandar Abbas |
Iraqi bitumen valuations are inherently linked to the geopolitical state of the Persian Gulf and the Strait of Hormuz. Although this relationship implies a lack of fundamental stability, the reported price shifts are nominal. The pricing mechanism appears to absorb the regional friction, resulting in minor adjustments that do not alter the broader valuation baseline.
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Bitumen, Bitumen Price, Price
Turkey
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
615±5 |
CFR Istanbul |
The Turkish bitumen market displays a lack of long-term stability due to its reliance on volatile Middle Eastern energy corridors. Despite the ongoing tension surrounding the Strait of Hormuz, the empirical price changes are characterized by their minimal scale. The data confirms that price adjustments are non-material, reflecting a period of stagnant pricing.
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Bitumen, Bitumen Price, Price
Australia
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
831±5 |
CIF Brisbane |
|
60/70 (bulk) |
791±5 |
CIF Brisbane |
Australia’s integration into global maritime trade makes its bitumen market vulnerable to disruptions in the Strait of Hormuz. While this vulnerability introduces an element of pricing instability, the observed price movements remain minor. The recorded figures show only nominal deviations, indicating that global logistics risks have not triggered significant local price shifts.
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Bitumen, Bitumen Price, Price
South Korea
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
519±5 |
CFR Busan |
|
60/70 (drum) |
546±5 |
CIF Busan |
The South Korean bitumen pricing structure is exposed to the systemic risks of Far East energy logistics. Despite the lack of stability in the Strait of Hormuz, the domestic price index exhibits high resistance to change. The recorded variations are statistically negligible, demonstrating that the market has buffered against significant pricing adjustments.
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Bitumen, Bitumen Price, Price
India
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
607±5 |
CFR Chennai |
|
60/70 (drum) |
573±5 |
CFR Cochin |
|
|
60/70 (drum) |
682±5 |
CFR Haldia |
|
|
60/70 (drum) |
503±5 |
CFR Mundra |
|
|
60/70 (drum) |
512±5 |
CFR Kandla |
|
|
60/70 (drum) |
522±5 |
CFR Nhava sheva |
|
|
60/70 (drum) |
612±5 |
CFR Tuticorin |
|
|
60/70 (drum) |
647±5 |
CFR Kolkata |
Indian bitumen prices operate under the shadow of maritime security concerns in the Arabian Sea and the Strait of Hormuz. Although these factors prevent the establishment of pricing stability, the actual price changes are minor. The empirical data shows a pattern of micro-adjustments, indicating that the market has not experienced substantial shifts.
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Bitumen, Bitumen Price, Price
Malaysia
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
753±5 |
CFR Penang |
|
60/70 (drum) |
748±5 |
CFR Kota Kinabalu |
|
|
60/70 (drum) |
768±5 |
CFR port Klang |
|
|
60/70 (drum) |
729±5 |
CFR Pasir Gudang |
The Malaysian bitumen market reflects the general lack of stability characteristic of Southeast Asian energy imports. While the geopolitical situation in the Strait of Hormuz injects risk into the supply chain, the recorded pricing shifts are non-material. The data indicates that price adjustments have been kept to an absolute minimum during the analyzed period.
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Bitumen, Bitumen Price, Price
Vietnam
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
July 2026 |
60/70 (drum) |
620±5 |
CFR Haiphong |
|
60/70 (drum) |
615±5 |
CFR Ho chi Minh |
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Bitumen, Bitumen Price, Price
Brazil
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
1110±5 |
CIF Navegantes |
|
60/70 (drum) |
1019±5 |
CIF Santos |
The Brazilian bitumen market is indirectly affected by the global shipping premiums associated with the Strait of Hormuz. While these factors prevent absolute pricing stability, the domestic impact remains negligible. The pricing dataset indicates only minor variations, suggesting that the local market has successfully decoupled from major international shocks.
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Bitumen, Bitumen Price, Price
South Africa
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
910±5 |
CIF Durban |
South African bitumen pricing is subject to the systemic volatility of global cape route adjustments. Although the instability in the Strait of Hormuz impacts international freight expectations, the local price changes are minor. The data points to a steady pricing environment where external pressures result only in nominal adjustments.
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Bitumen, Bitumen Price, Price
Indonesia
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
640±5 |
CFR Belawam |
|
60/70 (drum) |
650±5 |
CFR Jakarta |
|
|
60/70 (drum) |
680±5 |
CFR Surabaya |
The Indonesian bitumen price index displays a lack of long-term stability due to regional maritime dependencies. Despite the geopolitical instability surrounding the Strait of Hormuz, the actual pricing shifts are minor and non-consequential. The market continues to report values that deviate only marginally from the established historical baseline.
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Bitumen, Bitumen Price, Price
Bangladesh
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
510±5 |
CFR Chittagong |
In Bangladesh, the bitumen market is vulnerable to the import risks associated with Middle Eastern transit corridors. Although the situation in the Strait of Hormuz denies the market a stable outlook, the pricing data remains flat. The recorded shifts are minor, indicating that the geopolitical risk has not translated into significant domestic pricing changes.
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Bitumen, Bitumen Price, Price
Thailand
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
586±5 |
CFR Bangkok |
|
60/70 (drum) |
536±5 |
CFR Laem Chabang |
The Thai bitumen market is characterized by underlying supply chain instability linked to global maritime chokepoints. Despite the volatile status of the Strait of Hormuz, the pricing tables show only minor fluctuations. The data confirms that the market has maintained a steady pricing posture, with variations remaining statistically insignificant.
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Bitumen, Bitumen Price, Price
Venezuela
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
665±5 |
FOB Jose Terminal |
|
60/70 (bulk) |
600±5 |
FOB Jose Terminal |
|
|
60/70 (drum) |
656±5 |
FOB Puerto La Cruz |
|
|
60/70 (bulk) |
581±5 |
FOB Puerto La Cruz |
|
|
60/70 (drum) |
644±5 |
FOB Amuay |
|
|
60/70 (bulk) |
544±5 |
FOB Amuay |
Venezuela’s bitumen pricing operates under unique domestic constraints alongside global geopolitical variables. While the instability in the Strait of Hormuz affects global energy benchmarks, the local price adjustments are minor. The empirical evidence shows that prices have fluctuated within a narrow, non-material range.
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Bitumen, Bitumen Price, Price
Germany
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
719 ±5 |
CFR Hamburg |
|
60/70 (bulk) |
685 ±5 |
CFR Hamburg |
The German bitumen market is exposed to the European energy grid’s vulnerability to global maritime disruptions. Although the situation in the Strait of Hormuz introduces pricing instability, the actual domestic price changes are minor. The registered values indicate a high degree of pricing inertia, with only nominal adjustments recorded.
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Bitumen, Bitumen Price, Price
Spain
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
710 ± 5 |
CFR Barcelona |
|
60/70 (bulk) |
681 ± 5 |
CFR Barcelona |
|
|
60/70 (drum) |
709 ± 5 |
CFR Valencia |
|
|
60/70 (bulk) |
678 ± 5 |
CFR Valencia |
In Spain, the bitumen price index is subject to the volatility of Mediterranean and Atlantic shipping routes. Despite the lack of stability caused by the Strait of Hormuz crisis, the domestic pricing changes are negligible. The data illustrates a stable trend where external geopolitical factors have failed to cause significant price shifts.
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Bitumen, Bitumen Price, Price
Italy
|
Date |
Bitumen Grade |
Price (USD/MT) |
Price Basis |
|
Week 4 of July 2026 |
60/70 (drum) |
720 ± 5 |
CFR Genoa |
|
60/70 (bulk) |
689 ± 5 |
CFR Genoa |
|
|
60/70 (drum) |
716 ± 5 |
CFR La Spezia |
|
|
60/70 (bulk) |
683 ± 5 |
CFR La Spezia |
The Italian bitumen market exhibits structural sensitivity to Middle Eastern crude and derivative transit lanes. While the instability in the Strait of Hormuz prevents sustained pricing stability, the observed price changes are minor. The pricing charts show only nominal variations, indicating that the market has resisted significant adjustments.
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Bitumen, Bitumen Price, Price
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