Bitumen 60/70 Price Today 2026

Last updated: June 21, 2026 — FOB Bandar Abbas, Iran

Bitumen 60/70 price out of Bandar Abbas has held steady this week, with FOB drum offers sitting in the $555–565/MT band. Iran's vacuum bottom supply is stable into summer, and the rial-to-dollar rate hasn't moved enough to shake export pricing either direction. What's pushing demand right now is road-paving season across East Africa and the usual restocking out of Southeast Asia — buyers in both regions are locking volume before peak shipping rates kick in. Bulk loadings remain the cheapest route per ton, but drum still dominates orders under 500MT since most ports outside the Gulf don't have bulk discharge facilities. Expect this range to hold for another 1-2 weeks barring a crude move.

Bitumen 60/70 Price by Packing

Prices above are indicative FOB and subject to confirmation at order date. For a firm quotation, contact our sales desk.

What Affects Bitumen 60/70 Price?

Six things move this number week to week, and once you've traded a few years you stop guessing and start watching them directly.

Vacuum bottom cost is the floor. Bitumen is a refinery residue, so whatever the refiner pays for vacuum bottom feedstock sets the base before anything else gets added. Crude oil market direction matters more for sentiment than for immediate cost — a sharp move in Brent or WTI usually shows up in bitumen offers within a week or two, not instantly. The IME trend (Iran Mercantile Exchange) is the closest thing to a public price signal we have domestically, and most Iranian producers price against it even when exporting. Exchange rate swings between rial and dollar can move FOB pricing by $10-20/MT in either direction within days — this is often the single biggest short-term factor. Packing cost adds roughly $10-25/MT depending on drum steel prices and jumbo bag fabric costs, which have their own inflation cycle separate from bitumen itself. And freight — container availability out of Bandar Abbas, bunker fuel cost, and seasonal congestion — decides your landed price more than the FOB number ever will, especially to West Africa or far-East ports.

Why Bitumen 60/70 Is the Most Exported Grade

If you look at loading manifests out of any major Gulf bitumen port, 60/70 is what fills most of them. It's the standard penetration grade for hot-climate road construction, and that's exactly the geography buying it: Africa, Southeast Asia, and the Middle East. In countries like Nigeria, Tanzania, Kenya, and across much of West Africa, road surface temperatures regularly exceed what softer grades like 80/100 can handle without deforming. Same logic applies in Malaysia, Indonesia, and the Philippines, where 60/70 has become close to a default spec on government tender documents. It's not that 60/70 is "better" — it's that its stiffness matches the climate it's used in, and once an MOT or highway authority writes it into a national spec, it stays there for decades.

Bitumen 60/70 vs Bitumen 80/100

Worth knowing: the price gap between these two grades is usually narrow enough that the deciding factor for buyers is the spec sheet, not the few dollars difference. If your project doesn't dictate one or the other, ask your engineer before ordering — switching grades mid-shipment isn't simple once the contract's signed. See full details on our Bitumen 80/100 page.

For full FOB and CFR pricing across all grades — including VG-30, VG-40, and oxidized bitumen — check our latest bitumen price page, updated weekly. We also carry VG30 bitumen for buyers under Indian Standard specs.

FAQ — Bitumen 60/70 Price