Bitumen Price History

Bitumen Price History 2022–2026 | FOB Iskenderun Weekly Data

Bitumen Price History 2022–2026

Weekly FOB Iskenderun export offers for Jey Embossed, Pasargad Embossed, private factory, VG, oxidized, and bulk bitumen grades, tracked month by month since January 2022.

Updated weekly · last verified July 2026

This page is the complete Bitumen Price History archive for Raha Oil's weekly FOB Iskenderun export quotes, covering every supply category we track: Jey Embossed, Pasargad Embossed, private factory grades, Jumbo Bag, New Steel Drum, Bulk, and VG grades (VG10, VG30, VG40).

Traders, road contractors, asphalt plant operators, and procurement teams use this archive to spot seasonal trends, benchmark today's offer against historical cycles, time bulk procurement, and negotiate from an informed position. The main drivers behind the moves recorded here are the weekly Vacuum Bottom (VB) base price on the Mercantile Exchange, USD exchange-rate swings, crude oil trends, seasonal Q2–Q3 construction demand, and refinery competition across the Middle East.

For this week's live number, see the Bitumen Price page. For destination-specific CFR pricing across 47+ countries, see Bitumen Price by Country. To request a formal FOB quotation for any grade or packing type, contact our export team.

Bitumen Price History in 2026

Bitumen Price in March 2026

Data note: March 2026 export quotes roughly doubled versus February in the source feed pending verification against this week's live Vacuum Bottom base price; treat as unconfirmed until cross-checked. See this week's live price for the confirmed current number.

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed670-675$675-680$675-680$680-690$
Bitumen 80/100 Pasargad Embossed670-675$675-680$675-680$680-690$
Bitumen 60/70 Private Factory655-660$660-665$660-665$665-670$
Bitumen 80/100 Private Factory655-660$660-665$660-665$665-670$
VG Grades658-663$663-668$663-668$668-673$
Bitumen 60/70 Jumbo Bag650-655$655-660$655-660$660-665$
Bitumen 60/70 Bulk Bitumen in Iran425-430$430-435$430-435$435-440$
Bitumen 60/70 Bulk Bitumen in South Korea360-365$365-370$365-370$370-375$
Bitumen 60/70 Bulk Bitumen in Bahrain490-495$495-500$495-500$550-555$
Bitumen 60/70 Bulk Bitumen in Singapore400-405$405-410$405-410$410-415$
European Bulk Range410-415$415-420$415-420$420-425$
Oxidized Bitumen 115/15690-695$700-710$700-710$710-720$

Bitumen Price in February 2026

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed365-370$365-370$365-370$370-375$
Bitumen 80/100 Pasargad Embossed365-370$365-370$365-370$370-375$
Bitumen 60/70 Private Factory350-360$350-360$347-352$355-360$
Bitumen 80/100 Private Factory350-360$350-360$347-352$355-360$
VG Grades353-363$353-363$350-355$358-363$
Bitumen 60/70 Jumbo Bag340-345$340-345$337-342$345-350$
Bitumen 60/70 Bulk Bitumen in Iran300-310$300-310$295-300$295-300$
Bitumen 60/70 Bulk Bitumen in South Korea330-335$330-335$330-335$340-345$
Bitumen 60/70 Bulk Bitumen in Bahrain398-400$398-400$398-400$398-400$
Bitumen 60/70 Bulk Bitumen in Singapore350-355$350-355$350-355$355-360$
European Bulk Range315-340$315-340$315-340$315-340$
Oxidized Bitumen 115/15430-440$430-440$430-440$430-440$

Bitumen Price in January 2026

Data note: January 2026 figures were logged identically to February 2026 in the source feed. Kept here for continuity pending a corrected weekly entry.

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed365-370$365-370$365-370$370-375$
Bitumen 80/100 Pasargad Embossed365-370$365-370$365-370$370-375$
Bitumen 60/70 Private Factory350-360$350-360$347-352$355-360$
Bitumen 80/100 Private Factory350-360$350-360$347-352$355-360$
VG Grades353-363$353-363$350-355$358-363$
Bitumen 60/70 Jumbo Bag340-345$340-345$337-342$345-350$
Bitumen 60/70 Bulk Bitumen in Iran300-310$300-310$295-300$295-300$
Bitumen 60/70 Bulk Bitumen in South Korea330-335$330-335$330-335$340-345$
Bitumen 60/70 Bulk Bitumen in Bahrain398-400$398-400$398-400$398-400$
Bitumen 60/70 Bulk Bitumen in Singapore350-355$350-355$350-355$355-360$
European Bulk Range315-340$315-340$315-340$315-340$
Oxidized Bitumen 115/15430-440$430-440$430-440$430-440$

Bitumen Price History in 2025

Bitumen export prices in 2025 followed a broadly stable but gradually declining trend, with FOB prices for Jey and Pasargad embossed grades opening the year at $385–400/MT in January and closing December at $365–375/MT — a net decline of roughly $15–20/MT over the full year. Private factory grades tracked closely, holding a consistent $5–10/MT discount to embossed grades across all months.

H1 2025 (January–June) was marked by relative stability, with embossed grades trading in a narrow $385–400/MT band. VG grades held a slight $3–5/MT premium over private factory penetration grades. Oxidized Bitumen 115/15 stayed elevated at $450–480/MT during H1, reflecting steady waterproofing and industrial demand.

Prices peaked in July–August at $395–405/MT for embossed grades, on the back of seasonal road-construction demand across Africa, South Asia, and the Middle East. Singapore bulk prices peaked in the same window at $435–450/MT.

A correction began in September, with embossed grades softening from $390–395/MT to $380–385/MT by October as Vacuum Bottom (VB) base prices eased. The decline continued through Q4, with December recording the year's lowest levels. European bulk prices showed the widest range of any market in 2025 — $315–460/MT — reflecting vessel size and Mediterranean/Northern European freight variation.

Overall, 2025 was a year of consolidation after the elevated 2022–2023 levels, settling into a $370–400/MT FOB range for standard penetration grades.

Bitumen Price in December 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed370-375$370-375$370-375$365-370$
Bitumen 80/100 Pasargad Embossed370-375$370-375$370-375$365-370$
Bitumen 60/70 Private Factory360-365$360-365$350-360$350-360$
Bitumen 80/100 Private Factory360-365$360-365$350-360$350-360$
VG Grades363-368$363-368$353-363$353-363$
Bitumen 60/70 Jumbo Bag350-355$350-355$345-350$345-350$
Bitumen 60/70 Bulk Bitumen in Iran265-275$265-275$265-275$300-310$
Bitumen 60/70 Bulk Bitumen in South Korea355-360$350-355$330-335$330-335$
Bitumen 60/70 Bulk Bitumen in Bahrain398-400$398-400$398-400$398-400$
Bitumen 60/70 Bulk Bitumen in Singapore385-390$377-380$360-365$358-360$
European Bulk Range350-390$345-375$340-360$315-340$
Oxidized Bitumen 115/15430-440$430-440$430-440$430-440$

Bitumen Price in November 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed380-385$380-385$370-375$370-375$
Bitumen 80/100 Pasargad Embossed380-385$380-385$370-375$370-375$
Bitumen 60/70 Private Factory370-375$370-375$360-365$363-368$
Bitumen 80/100 Private Factory370-375$370-375$360-365$363-368$
VG Grades373-378$373-378$363-368$366-370$
Bitumen 60/70 Jumbo Bag360-365$360-365$350-355$353-358$
Bitumen 60/70 Bulk Bitumen in Iran265-270$265-270$265-270$270-275$
Bitumen 60/70 Bulk Bitumen in South Korea405-410$405-410$370-375$355-360$
Bitumen 60/70 Bulk Bitumen in Bahrain398-400$398-400$398-400$398-400$
Bitumen 60/70 Bulk Bitumen in Singapore400-403$400-403$390-395$390-395$
European Bulk Range370-375$370-375$390-415$380-410$
Oxidized Bitumen 115/15440-450$440-450$440-450$430-440$

Bitumen Price in October 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed380-385$380-385$380-385$380-385$
Bitumen 80/100 Pasargad Embossed380-385$380-385$380-385$380-385$
Bitumen 60/70 Private Factory370-375$375-380$370-375$370-375$
Bitumen 80/100 Private Factory370-375$375-380$370-375$370-375$
VG Grades373-378$378-383$373-378$373-378$
Bitumen 60/70 Jumbo Bag363-367$365-370$363-368$360-365$
Bitumen 60/70 Bulk Bitumen in Iran265-275$285-295$265-270$265-270$
Bitumen 60/70 Bulk Bitumen in South Korea398-400$395-400$389-394$370-375$
Bitumen 60/70 Bulk Bitumen in Bahrain405-410$398-400$398-400$398-400$
Bitumen 60/70 Bulk Bitumen in Singapore395-400$402-407$400-403$400-403$
European Bulk Range370-410$380-430$390-450$390-450$
Oxidized Bitumen 115/15450-460$450-460$440-450$440-450$

Bitumen Price in September 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed390-395$390-395$385-390$380-385$
Bitumen 80/100 Pasargad Embossed390-395$390-395$385-390$380-385$
Bitumen 60/70 Private Factory380-390$378-385$375-380$370-375$
Bitumen 80/100 Private Factory380-390$378-385$375-380$370-375$
VG Grades382-392$380-387$373-383$373-383$
Bitumen 60/70 Jumbo Bag370-375$370-375$365-370$363-367$
Bitumen 60/70 Bulk Bitumen in Iran320-325$285-290$270-275$260-270$
Bitumen 60/70 Bulk Bitumen in South Korea405-410$405-410$400-405$400-403$
Bitumen 60/70 Bulk Bitumen in Bahrain398-400$398-400$398-400$398-400$
Bitumen 60/70 Bulk Bitumen in Singapore415-420$417-420$405-410$405-410$
European Bulk Range370-420$380-430$380-430$370-410$
Oxidized Bitumen 115/15475-480$470-480$470-480$460-470$

Bitumen Price in August 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed395-400$395-400$395-400$395-400$
Bitumen 80/100 Pasargad Embossed395-400$395-400$395-400$395-400$
Bitumen 60/70 Private Factory385-395$385-395$385-395$385-395$
Bitumen 80/100 Private Factory385-395$385-395$385-395$385-395$
VG Grades388-398$388-398$388-398$388-398$
Bitumen 60/70 Jumbo Bag375-385$375-385$375-385$375-385$
Bitumen 60/70 Bulk Bitumen in Iran343-348$343-348$343-348$343-348$
Bitumen 60/70 Bulk Bitumen in South Korea410-415$410-415$410-415$410-415$
Bitumen 60/70 Bulk Bitumen in Bahrain398-400$398-400$398-400$398-400$
Bitumen 60/70 Bulk Bitumen in Singapore445-450$445-450$435-440$435-440$
European Bulk Range420-460$420-470$410-465$410-465$
Oxidized Bitumen 115/15475-480$475-480$475-480$475-480$

Bitumen Price in July 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed395-400$400-405$400-405$400-405$
Bitumen 80/100 Pasargad Embossed395-400$400-405$400-405$400-405$
Bitumen 60/70 Private Factory380-385$385-390$390-400$385-395$
Bitumen 80/100 Private Factory380-385$385-390$390-400$385-395$
VG Grades383-388$388-393$393-403$388-398$
Bitumen 60/70 Jumbo Bag370-375$375-380$380-390$380-390$
Bitumen 60/70 Bulk Bitumen in Iran335-340$335-340$343-348$343-348$
Bitumen 60/70 Bulk Bitumen in South Korea400-405$400-405$410-415$410-415$
Bitumen 60/70 Bulk Bitumen in Bahrain395-400$395-400$395-400$395-400$
Bitumen 60/70 Bulk Bitumen in Singapore410-415$410-415$435-440$440-450$
European Bulk Range420-480$420-480$420-480$420-450$
Oxidized Bitumen 115/15450-460$450-460$475-480$475-480$

Bitumen Price in June 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed390-395$390-395$395-400$395-400$
Bitumen 80/100 Pasargad Embossed390-395$390-395$395-400$395-400$
Bitumen 60/70 Private Factory385-390$385-390$380-385$380-390$
Bitumen 80/100 Private Factory385-390$385-390$380-385$380-390$
VG Grades388-393$388-393$383-388$383-393$
Bitumen 60/70 Jumbo Bag370-375$370-375$370-375$375-385$
Bitumen 60/70 Bulk Bitumen in Iran340-345$340-345$330-335$335-340$
Bitumen 60/70 Bulk Bitumen in South Korea395-400$395-400$395-400$400-405$
Bitumen 60/70 Bulk Bitumen in Bahrain370-375$370-375$395-400$395-400$
Bitumen 60/70 Bulk Bitumen in Singapore395-400$395-400$398-407$410-415$
European Bulk Range405-450$450-460$400-460$420-480$
Oxidized Bitumen 115/15450-460$450-460$450-460$450-460$

Bitumen Price in May 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed395-400$395-400$390-395$390-395$
Bitumen 80/100 Pasargad Embossed395-400$395-400$390-395$390-395$
Bitumen 60/70 Private Factory387-392$383-387$380-385$380-385$
Bitumen 80/100 Private Factory387-392$383-387$380-385$380-385$
VG Grades389-395$386-390$383-388$383-388$
Bitumen 60/70 Jumbo Bag378-382$375-380$370-375$370-375$
Bitumen 60/70 Bulk Bitumen in Iran326-332$320-325$337-342$340-345$
Bitumen 60/70 Bulk Bitumen in South Korea385-390$385-390$382-385$380-382$
Bitumen 60/70 Bulk Bitumen in Singapore405-410$405-410$400-405$395-400$
Bitumen 60/70 Bulk Bitumen in Bahrain370-375$370-375$370-375$370-375$
European Bulk Range415-445$395-440$395-440$405-450$
Oxidized Bitumen 115/15460-470$460-470$450-460$450-460$

Bitumen Price in April 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed390-395$388-392$392-397$392-397$
Bitumen 80/100 Pasargad Embossed390-395$388-392$392-397$392-397$
Bitumen 60/70 Private Factory380-385$375-385$380-385$385-390$
Bitumen 80/100 Private Factory380-385$375-385$380-385$385-390$
VG Grades383-388$378-387$383-388$388-393$
Bitumen 60/70 Jumbo Bag370-375$365-375$370-375$375-380$
Bitumen 60/70 Bulk Bitumen in Iran325-330$322-325$320-325$320-325$
Bitumen 60/70 Bulk Bitumen in South Korea405-410$395-400$385-390$390-395$
Bitumen 60/70 Bulk Bitumen in Singapore425-430$410-415$410-415$415-420$
Bitumen 60/70 Bulk Bitumen in Bahrain415-420$415-420$415-420$415-420$
European Bulk Range420-450$420-460$420-490$390-430$
Oxidized Bitumen 115/15460-470$460-470$460-470$460-470$

Bitumen Price in March 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed395-399$390-399$395-400$396-400$
Bitumen 80/100 Pasargad Embossed395-399$390-399$395-400$396-400$
Bitumen 60/70 Private Factory385-388$385-390$388-392$385-390$
Bitumen 80/100 Private Factory385-388$385-390$388-392$385-390$
VG Grades383-392$388-393$390-395$388-393$
Bitumen 60/70 Jumbo Bag375-378$375-380$378-380$375-380$
Bitumen 60/70 Bulk Bitumen in Iran324-328$335-343$330-340$330-340$
Bitumen 60/70 Bulk Bitumen in South Korea420-425$420-425$415-420$415-420$
Bitumen 60/70 Bulk Bitumen in Singapore435-440$435-440$445-450$445-450$
Bitumen 60/70 Bulk Bitumen in Bahrain415-420$415-420$415-420$415-420$
European Bulk Range440-470$440-470$440-470$420-450$
Oxidized Bitumen 115/15470-480$470-480$470-480$470-480$

Bitumen Price in February 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed380-390$380-390$380-385$385-388$
Bitumen 80/100 Pasargad Embossed380-390$380-390$380-385$385-388$
Bitumen 60/70 Private Factory375-380$375-380$375-380$375-380$
Bitumen 80/100 Private Factory375-380$375-380$375-380$375-380$
VG Grades378-383$378-383$378-383$378-383$
Bitumen 60/70 Jumbo Bag365-370$365-370$360-370$365-370$
Bitumen 60/70 Bulk Bitumen in Iran320-325$320-325$322-325$322-325$
Bitumen 60/70 Bulk Bitumen in South Korea400-405$400-405$410-420$410-420$
Bitumen 60/70 Bulk Bitumen in Singapore412-418$412-418$430-440$430-440$
Bitumen 60/70 Bulk Bitumen in Bahrain395-397$395-397$415-420$415-420$
European Bulk Range415-460$415-460$420-460$420-460$
Oxidized Bitumen 115/15470-480$470-480$470-480$470-480$

Bitumen Price in January 2025

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed385-390$398-400$385-390$385-390$
Bitumen 80/100 Pasargad Embossed385-390$398-400$385-390$385-390$
Bitumen 60/70 Private Factory380-385$380-385$375-380$378-382$
Bitumen 80/100 Private Factory380-385$380-385$375-380$378-382$
VG Grades383-388$383-388$378-383$381-385$
Bitumen 60/70 Jumbo Bag370-375$370-375$365-370$365-370$
Bitumen 60/70 Bulk Bitumen in Iran333-338$330-332$330-333$330-333$
Bitumen 60/70 Bulk Bitumen in South Korea405-410$405-410$395-397$405-410$
Bitumen 60/70 Bulk Bitumen in Singapore428-435$428-432$410-417$425-430$
Bitumen 60/70 Bulk Bitumen in Bahrain395-397$395-397$395-397$395-397$
European Bulk Range410-440$410-440$415-450$415-460$
Oxidized Bitumen 115/15485-495$485-495$485-495$485-495$

Bitumen Price History in 2024

2024 was largely sideways, with a sharp Q4 spike that briefly pushed prices to their highest levels since mid-2023. Jey and Pasargad embossed grades opened the year (February) at $350–360/MT and closed December at $405–430/MT — an increase driven almost entirely by the November surge rather than underlying demand growth.

H1 2024 (February–June) saw exceptional stability: embossed grades held a tight $350–365/MT range with almost no week-to-week movement, while Singapore bulk traded at a premium of $400–455/MT on strong Southeast Asian infrastructure demand.

A gradual rise began in July–August, with embossed grades edging from $355–360/MT to $370–375/MT on peak-season demand from Africa and South Asia. September–October saw consolidation at $355–380/MT, while European bulk spiked to $450–520/MT — the widest range recorded that year — on tighter vessel availability.

The defining event of 2024 was November: embossed grades jumped from $385/MT to $425–430/MT in weeks 3–4, a roughly $40–45/MT move within a single month, driven by a sharp VB base-price increase and a sudden demand pickup. Private factory grades followed the same pattern, and Oxidized Bitumen 115/15 hit its 2024 high of $485–495/MT in the same month.

2024's effective trading range for standard embossed penetration grades was $350–430/MT FOB.

Bitumen Price in December 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed420-425$415-420$410-415$405-408$
Bitumen 80/100 Pasargad Embossed420-425$415-420$410-415$405-408$
Bitumen 60/70 Private Factory405-410$395-405$390-400$380-390$
Bitumen 80/100 Private Factory405-410$395-405$390-400$380-390$
VG Grades408-413$398-408$393-403$383-393$
Bitumen 60/70 Jumbo Bag395-400$385-395$380-390$370-380$
Bitumen 60/70 Bulk Bitumen in Iran348-350$350-355$358-362$340-345$
Bitumen 60/70 Bulk Bitumen in South Korea395-397$412-415$412-415$410-412$
Bitumen 60/70 Bulk Bitumen in Singapore430-435$431-440$425-432$427-432$
Bitumen 60/70 Bulk Bitumen in Bahrain395-397$395-397$395-397$395-397$
European Bulk Range465-475$415-450$410-430$410-430$

Bitumen Price in November 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed380-385$385-390$425-430$420-425$
Bitumen 80/100 Pasargad Embossed380-385$385-390$425-430$420-425$
Bitumen 60/70 Private Factory370-375$372-377$415-420$410-415$
Bitumen 80/100 Private Factory370-375$372-377$415-420$410-415$
VG Grades373-378$375-379$418-423$413-428$
Bitumen 60/70 Jumbo Bag358-362$360-365$407-412$400-405$
Bitumen 60/70 Bulk Bitumen in Iran300-305$316-321$329-334$330-335$
Bitumen 60/70 Bulk Bitumen in South Korea435-440$430-435$425-430$425-430$
Bitumen 60/70 Bulk Bitumen in Singapore480-485$460-465$455-460$455-460$
Bitumen 60/70 Bulk Bitumen in Bahrain395-397$395-397$395-397$395-397$
European Bulk Range440-500$450-500$440-490$430-490$

Bitumen Price in October 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed370-375$370-375$375-380$370-375$
Bitumen 80/100 Pasargad Embossed370-375$370-375$375-380$370-375$
Bitumen 60/70 Private Factory365-370$365-370$370-375$365-370$
Bitumen 80/100 Private Factory365-370$365-370$370-375$365-370$
VG Grades368-373$368-373$373-378$368-373$
Bitumen 60/70 Jumbo Bag355-360$355-360$360-365$355-360$
Bitumen 60/70 Bulk Bitumen in Iran296-302$296-302$295-302$296-302$
Bitumen 60/70 Bulk Bitumen in South Korea435-440$435-440$440-445$440-445$
Bitumen 60/70 Bulk Bitumen in Singapore530-535$530-535$540-545$490-500$
Bitumen 60/70 Bulk Bitumen in Bahrain395-397$395-397$395-397$395-397$
European Bulk Range450-460$450-460$460-510$475-520$

Bitumen Price in September 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed355-360$360-365$360-365$365-368$
Bitumen 80/100 Pasargad Embossed355-360$360-365$360-365$365-368$
Bitumen 60/70 Private Factory345-350$350-355$350-355$360-365$
Bitumen 80/100 Private Factory345-350$350-355$350-355$360-365$
VG Grades348-353$353-358$353-358$363-368$
Bitumen 60/70 Jumbo Bag335-340$340-345$340-345$350-355$
Bitumen 60/70 Bulk Bitumen in Iran288-293$288-293$288-293$290-296$
Bitumen 60/70 Bulk Bitumen in South Korea400-405$405-410$405-410$430-435$
Bitumen 60/70 Bulk Bitumen in Singapore496-500$502-507$500-505$515-520$
Bitumen 60/70 Bulk Bitumen in Bahrain415-420$395-397$395-397$395-397$
European Bulk Range460-510$430-480$430-480$380-430$

Bitumen Price in August 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed370-375$365-370$360-365$355-360$
Bitumen 80/100 Pasargad Embossed370-375$365-370$360-365$355-360$
Bitumen 60/70 Private Factory365-370$358-363$350-355$345-350$
Bitumen 80/100 Private Factory365-370$358-363$350-355$345-350$
VG Grades368-373$360-365$353-358$348-353$
Bitumen 60/70 Jumbo Bag350-355$345-350$342-348$335-340$
Bitumen 60/70 Bulk Bitumen in Iran299-304$295-300$295-300$288-293$
Bitumen 60/70 Bulk Bitumen in South Korea385-390$400-405$410-415$400-405$
Bitumen 60/70 Bulk Bitumen in Singapore490-495$494-500$490-495$496-500$
Bitumen 60/70 Bulk Bitumen in Bahrain447-450$447-450$447-450$415-420$
European Bulk Range470-530$459-500$430-490$460-510$

Bitumen Price in July 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed355-360$365-370$370-372$370-375$
Bitumen 60/70 Pasargad Embossed355-360$365-370$370-372$370-375$
Bitumen 60/70 Private Factory350-355$359-364$357-362$365-370$
Bitumen 80/100 Private Factory350-355$359-364$357-362$365-370$
VG Grades353-358$362-367$360-365$368-373$
Bitumen 60/70 Jumbo Bag340-350$350-355$348-350$350-355$
Bitumen 60/70 Bulk Bitumen in Iran285-290$288-293$288-293$288-293$
Bitumen 60/70 Bulk Bitumen in South Korea410-415$410-415$410-415$395-398$
Bitumen 60/70 Bulk Bitumen in Singapore450-455$460-465$460-465$470-475$
Bitumen 60/70 Bulk Bitumen in Bahrain480-485$447-450$447-450$447-450$
European Bulk Range455-520$460-540$460-540$485-545$

Bitumen Price in June 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed355-360$355-360$355-360$355-360$
Bitumen 60/70 Pasargad Embossed355-360$355-360$355-360$355-360$
Bitumen 60/70 Private Factory350-360$350-360$350-360$350-355$
Bitumen 80/100 Private Factory350-360$350-360$350-360$350-355$
VG Grades358-363$358-363$358-363$353-358$
Bitumen 60/70 Jumbo Bag340-345$340-345$340-345$340-350$
Bitumen 60/70 Bulk Bitumen in Iran285-290$285-290$285-290$285-290$
Bitumen 60/70 Bulk Bitumen in South Korea395-400$395-400$395-400$410-415$
Bitumen 60/70 Bulk Bitumen in Singapore440-445$440-445$440-445$450-455$
Bitumen 60/70 Bulk Bitumen in Bahrain480$480$480$480-485$
European Bulk Range450-460$450-460$450-460$455-520$

Bitumen Price in May 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed355-365$360-365$360-365$355-360$
Bitumen 60/70 Pasargad Embossed355-365$360-365$360-365$355-360$
Bitumen 60/70 Private Factory355-360$355-360$355-360$350-360$
Bitumen 80/100 Private Factory355-360$355-360$355-360$350-360$
VG Grades358-363$358-363$358-363$358-363$
Bitumen 60/70 Jumbo Bag345-350$340-350$340-350$340-345$
Bitumen 60/70 Bulk Bitumen in Iran288-295$288-295$288-295$285-290$
Bitumen 60/70 Bulk Bitumen in South Korea400-410$440-445$440-445$395-400$
Bitumen 60/70 Bulk Bitumen in Singapore445-450$445-450$445-450$440-445$
Bitumen 60/70 Bulk Bitumen in Bahrain380-390$430-440$430-440$480$
European Bulk Range460-510$460-510$460-510$450-460$

Bitumen Price in April 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Jey Embossed360-365$360-365$355-365$355-365$
Bitumen 60/70 Pasargad Embossed360-365$360-365$355-365$355-365$
Bitumen 60/70 Private Factory350-355$350-355$345-355$345-355$
Bitumen 80/100 Private Factory350-355$350-355$345-355$345-355$
VG Grades353-358$353-358$348-358$348-358$
Bitumen 60/70 Jumbo Bag340-345$340-345$335-345$335-345$
Bitumen 60/70 Bulk Bitumen in Iran280-285$283-293$285-295$285-295$
Bitumen 60/70 Bulk Bitumen in South Korea395-405$410-415$400-410$400-410$
Bitumen 60/70 Bulk Bitumen in Singapore400-405$415-420$400-410$400-410$
Bitumen 60/70 Bulk Bitumen in Bahrain380-390$380-390$380-385$380-385$

Bitumen Price in March 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory338-343$338-343$338-343$350-355$
Bitumen 80/100 Private Factory338-343$338-343$338-343$350-355$
Bitumen 60/70 Jey Embossed350-355$350-355$350-355$360-365$
Bitumen 60/70 Pasargad Embossed350-355$350-355$350-355$360-365$
Bitumen 60/70 Jumbo Bag330-335$330-335$330-335$340-345$
Bitumen 60/70 Bulk Bitumen275-280$275-280$275-280$280-285$
VG Grades340-342$340-342$340-342$353-358$

Bitumen Price in February 2024

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory345-350$345-350$340-345$338-343$
Bitumen 80/100 Private Factory345-350$345-350$340-345$338-343$
Bitumen 60/70 Jey Embossed350-360$350-360$350-355$350-355$
Bitumen 60/70 Pasargad Embossed350-360$350-360$350-355$350-355$
Bitumen 60/70 Jumbo Bag340-345$340-345$335-340$330-335$
Bitumen 60/70 Bulk Bitumen275-280$275-280$275-280$275-280$
VG Grades348-358$348-358$343-348$340-342$

Bitumen Price History in 2023

2023 recorded the sharpest annual decline of the 2022–2025 period: Jey and Pasargad embossed grades fell from an April high of $435–445/MT to $360–370/MT by December, a drop of roughly $70–80/MT. The downtrend was driven by falling VB base prices, softening crude, and weaker H2 demand from key importing regions.

The year opened at $375–390/MT in January, already below late-2022 levels, then staged a brief rally in March–April to $430–445/MT — the year's peak — on a seasonal construction pickup and a temporary VB increase.

From May onward, prices entered a near-uninterrupted decline through year-end: $410–430/MT in May, $375–385/MT in June, a brief stabilization in August ($420–430/MT), then a sharp correction from $395–430/MT in October to $360–370/MT in December as off-season demand hit and VB prices fell.

Bulk Bitumen was especially volatile in 2023, swinging from $390–400/MT in May to $265–275/MT in June — a collapse of over $120/MT in a single month — reflecting how much more sensitive bulk pricing is to shipping logistics and short-term supply-demand shifts than packaged grades.

2023's effective trading range for standard embossed penetration grades was $360–445/MT FOB.

Bitumen Price in December 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory380-390$360-370$360-370$350-360$
Bitumen 80/100 Private Factory380-390$360-370$360-370$350-360$
Bitumen 60/70 Jey Embossed390-400$370-380$370-380$360-370$
Bitumen 60/70 Pasargad Embossed390-400$370-380$370-380$360-370$
Bitumen 60/70 Jumbo Bag390-400$360-370$360-370$350-360$
Bitumen 60/70 Bulk Bitumen280-285$265-275$265-275$265-275$

Bitumen Price in October 2023

Data note: corrected an obvious typo (was "498-408$", now "398-408$").

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory415-420$400-410$395-405$385-395$
Bitumen 80/100 Private Factory415-420$400-410$395-405$385-395$
Bitumen 60/70 Jey Embossed425-430$420-430$418-422$395-405$
Bitumen 60/70 Pasargad Embossed425-430$420-430$418-422$395-405$
Bitumen 60/70 Jumbo Bag405-410$400-410$398-408$380-390$
Bitumen 60/70 Bulk Bitumen325-335$320-330$310-320$310-320$

Bitumen Price in September 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory390-400$411-416$410-420$415-420$
Bitumen 80/100 Private Factory390-400$411-416$410-420$415-420$
Bitumen 60/70 Jey Embossed415-420$419-424$425-430$425-430$
Bitumen 60/70 Pasargad Embossed405-410$419-424$425-430$425-430$
Bitumen 60/70 Jumbo Bag375-385$375-385$400-405$405-410$
Bitumen 60/70 Bulk Bitumen310-315$310-320$320-330$325-335$

Bitumen Price in August 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory415-420$415-420$410-420$400-405$
Bitumen 80/100 Private Factory415-420$415-420$410-420$400-405$
Bitumen 60/70 Jey Embossed420-430$425-430$420-430$420-425$
Bitumen 60/70 Pasargad Embossed420-430$425-430$420-430$420-425$
Bitumen 60/70 Jumbo Bag400-410$400-405$400-410$380-390$
Bitumen 60/70 Bulk Bitumen305-310$310-320$325-340$320-335$

Bitumen Price in July 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory355-365$375-385$380-390$405-410$
Bitumen 80/100 Private Factory355-365$375-385$380-390$405-410$
Bitumen 60/70 Jey Embossed370-380$390-400$395-405$405-410$
Bitumen 60/70 Pasargad Embossed370-380$390-400$395-405$405-410$
Bitumen 60/70 Jumbo Bag345-355$365-375$370-375$405-410$
Bitumen 60/70 Bulk Bitumen265-275$273-283$285-295$285-295$

Bitumen Price in June 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory365-375$355-365$355-365$355-365$
Bitumen 80/100 Private Factory365-375$355-365$355-365$355-365$
Bitumen 60/70 Jey Embossed385-395$375-385$375-385$375-385$
Bitumen 60/70 Pasargad Embossed385-395$375-385$375-385$375-385$
Bitumen 60/70 Jumbo Bag360-370$345-355$345-355$345-355$
Bitumen 60/70 Bulk Bitumen297-307$280-290$275-285$267-273$

Bitumen Price in May 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory410-420$400-410$395-405$375-385$
Bitumen 80/100 Private Factory410-420$400-410$395-405$375-385$
Bitumen 60/70 Jey Embossed420-430$410-420$410-420$390-400$
Bitumen 60/70 Pasargad Embossed420-430$410-420$410-420$390-400$
Bitumen 60/70 Jumbo Bag400-410$380-390$375-385$365-375$
Bitumen 60/70 Bulk Bitumen390-400$340-350$325-335$310-320$

Bitumen Price in April 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory425-435$420-430$420-430$420-430$
Bitumen 80/100 Private Factory425-435$420-430$420-430$420-430$
Bitumen 60/70 Jey Embossed435-445$430-440$430-440$430-440$
Bitumen 60/70 Pasargad Embossed435-445$430-440$430-440$430-440$
Bitumen 60/70 Jumbo Bag410-420$400-410$410-420$410-420$
Bitumen 60/70 Bulk Bitumen345-355$350-360$360-370$355-360$

Bitumen Price in March 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory385-395$385-395$385-395$385-395$
Bitumen 80/100 Private Factory385-395$385-395$385-395$385-395$
Bitumen 60/70 Jey Embossed395-405$395-405$385-395$385-395$
Bitumen 60/70 Pasargad Embossed395-405$395-405$395-405$395-405$
Bitumen 60/70 Jumbo Bag375-385$375-385$375-385$375-385$
Bitumen 60/70 Bulk Bitumen305-310$305-310$305-310$305-310$

Bitumen Price in January 2023

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 Private Factory370-380$370-380$365-375$365-375$
Bitumen 80/100 Private Factory370-380$370-380$365-375$365-375$
Bitumen 60/70 Jey Embossed380-390$380-390$375-385$375-385$
Bitumen 60/70 Pasargad Embossed380-390$380-390$375-385$375-385$
Bitumen 60/70 Jumbo Bag360-370$360-370$355-365$355-365$
Bitumen 60/70 Bulk Bitumen335-345$335-345$310-320$300-310$

Bitumen Price History in 2022

2022 recorded the highest prices of the entire dataset: Jey and Pasargad embossed grades peaked at $520–540/MT in March–April, a level not matched since. The year opened with a strong rally on post-COVID infrastructure recovery, rising crude, and supply constraints, before a sustained H2 correction brought prices back toward normalized levels.

January opened at $375–435/MT, already trending up. February–March accelerated sharply to $500–540/MT — the dataset's all-time high — driven by the spike in global crude following the February 2022 Russia-Ukraine conflict, strong developing-market infrastructure demand, and tight Mercantile Exchange supply. New Steel Drum prices also hit their dataset peak of $475–495/MT in this window.

A correction began in May, easing from $500–510/MT to $455–475/MT, continuing through June ($435–465/MT) and July ($375–445/MT). The decline accelerated in August–September as crude retreated and VB base prices fell, bringing embossed grades to $385–420/MT by September. Bulk Bitumen saw the sharpest correction of any grade, falling from $440–450/MT in February to $295–395/MT in August.

A partial recovery followed in October–November to $415–450/MT on renewed seasonal demand, before a December pullback to $400–410/MT as year-end demand slowed.

2022's effective trading range for standard embossed penetration grades was $375–540/MT FOB — the widest annual range on this page.

Bitumen Price in December 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum425-435$420-425$385-395$380-390$
Bitumen 60/70 Jey Embossed415-425$425-435$400-410$400-410$
Bitumen 60/70 Pasargad Embossed415-425$425-435$400-410$400-410$
Bitumen 60/70 Bulk Bitumen375-385$370-380$360-370$340-350$

Bitumen Price in November 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum400-415$425-435$430-440$430-440$
Bitumen 60/70 Jey Embossed410-420$425-435$430-440$440-450$
Bitumen 60/70 Pasargad Embossed410-420$425-435$430-440$440-450$
Bitumen 60/70 Bulk Bitumen320-330$380-390$380-390$385-400$

Bitumen Price in October 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum370-380$390-400$415-425$415-425$
Bitumen 60/70 Jey Embossed380-390$400-410$425-435$415-425$
Bitumen 60/70 Pasargad Embossed380-390$400-410$425-435$415-425$
Bitumen 60/70 Bulk Bitumen310-320$320-330$370-380$330-340$

Bitumen Price in September 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum415-425$400-405$380-390$375-385$
Bitumen 60/70 Jey Embossed415-420$405-415$400-410$385-395$
Bitumen 60/70 Pasargad Embossed415-420$405-415$400-410$385-395$
Bitumen 60/70 Bulk Bitumen345-355$345-355$335-345$325-335$

Bitumen Price in August 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum355-365$390-400$380-390$410-420$
Bitumen 60/70 Jey Embossed365-375$400-410$410-420$420-430$
Bitumen 60/70 Pasargad Embossed365-375$400-410$410-420$420-430$
Bitumen 60/70 Bulk Bitumen295-395$310-320$325-335$340-350$

Bitumen Price in July 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum430-435$420-425$400-410$360-370$
Bitumen 60/70 Jey Embossed435-445$425-430$405-410$375-385$
Bitumen 60/70 Pasargad Embossed435-445$425-430$425-430$375-385$
Bitumen 60/70 Bulk Bitumen340-345$330-340$325-335$300-310$

Bitumen Price in June 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum455-465$450-460$435-445$435-440$
Bitumen 60/70 Jey Embossed465-475$460-465$450-460$435-440$
Bitumen 60/70 Pasargad Embossed465-475$460-465$450-460$440-450$
Bitumen 60/70 Bulk Bitumen380-390$370-380$345-355$340-350$

Bitumen Price in May 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum485-495$475-485$485-495$480-490$
Bitumen 60/70 Jey Embossed500-510$485-495$465-475$455-465$
Bitumen 60/70 Pasargad Embossed500-510$485-495$465-475$455-465$
Bitumen 60/70 Bulk Bitumen415-425$405-415$390-400$385-395$

Bitumen Price in April 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum485-495$480-490$470-480$475-485$
Bitumen 60/70 Jey Embossed520-540$515-535$485-495$490-500$
Bitumen 60/70 Pasargad Embossed520-540$515-535$485-495$490-500$
Bitumen 60/70 Bulk Bitumen440-450$435-445$410-420$415-425$

Bitumen Price in March 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum475-485$465-475$470-480$475-485$
Bitumen 60/70 Jey Embossed500-510$510-520$510-520$530-540$
Bitumen 60/70 Pasargad Embossed500-510$510-520$510-520$530-540$
Bitumen 60/70 Bulk Bitumen430-440$430-440$420-430$425-435$

Bitumen Price in February 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum340-350$330-340$335-345$330-340$
Bitumen 60/70 Jey Embossed480-485$500-510$500-510$490-500$
Bitumen 60/70 Pasargad Embossed480-485$500-510$500-510$490-500$
Bitumen 60/70 Bulk Bitumen415-425$420-430$420-430$420-430$

Bitumen Price in January 2022

Bitumen Price1st Week2nd Week3rd Week4th Week
Bitumen 60/70 New Steel Drum375-385$385-395$395-410$410-420$
Bitumen 60/70 Jey Embossed375-385$390-400$415-425$425-435$
Bitumen 60/70 Pasargad Embossed375-385$390-400$415-425$425-435$
Bitumen 60/70 Bulk Bitumen300-310$310-320$335-355$335-365$

Need a formal quotation?

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Frequently Asked Questions

What is FOB Iskenderun bitumen price history?

It is a weekly record of bitumen export offer prices quoted free-on-board at Iskenderun port, covering major penetration grades (60/70, 80/100), VG grades, oxidized bitumen, and bulk shipments to destinations including Iran, South Korea, Bahrain, Singapore, and Europe.

How often is this price history updated?

Prices are logged weekly, in four-week blocks per calendar month, going back to January 2022. For the current week's live offer, see the Bitumen Price page.

Why does bitumen price vary by packing type and destination?

Packing (jumbo bag, new steel drum, bulk), grade (60/70, 80/100, VG10/30/40, oxidized), and destination freight all move the FOB and CFR price independently. Bulk cargo is the most volatile because it is the most exposed to vessel availability and short-term freight swings, while embossed brand grades (Jey, Pasargad) trade at the most stable premium.

What mainly drives week-to-week bitumen price changes?

The weekly Vacuum Bottom (VB) base price set on the Mercantile Exchange, global crude oil moves, USD exchange rate shifts, and seasonal construction demand (peaking in Q2–Q3 in most import markets).

About this data

Compiled and verified weekly by the Raha Oil export desk (Raha Group), Burlington Tower, Business Bay, Dubai, from FOB Iskenderun offer sheets and Mercantile Exchange Vacuum Bottom base-price announcements. Historical entries are preserved as originally logged; known transcription errors are flagged inline rather than silently altered.

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