Iran Bitumen Price — Weekly FOB Update (May 2026)

Iran bitumen prices are set weekly through the Iran Mercantile Exchange (IME)
and direct quotes from private refineries in Bandar Abbas. Three main price
tiers exist: Jey Oil (embossed, premium grade), Pasargad (embossed, premium),
and private factories (non-embossed, competitive pricing).

Price of Bitumen (such as Bulk Bitumen Price, New Steel Drum Bitumen Price or other packing type prices) is based on different objects, one of the most important elements on Bitumen Price is Crude Oil price. Crude Oil price mainly affects the Vacuum Bottom (VB) prices that is the main item to produce Bitumen. Since the last 5 years, Crude Oil prices terribly decreased, so we are experiencing new conditions in the market. Another element on the Bitumen Price is the Market Demand, market demand comes up from the Gross Domestic Product (GDP) of each developing country. Every tender or requirement for Bitumen in countries needs well finance, so, the economic condition of countries has a direct effect on the demand and Bitumen Price.