100ppi Bitumen Price
Last updated: 2026-09-29
100ppi Bitumen Price
As of Q2 2025, 100ppi bitumen (penetration grade 100/120, sometimes written as "100 pen" or "100ppi") trades at $385–$445 per metric ton FOB from Middle East refineries (Jebel Ali, Bandar Abbas) and $430–$490 per metric ton CFR into Southeast Asia and West Africa. Bulk cargoes of 5,000–30,000 MT dominate the spot market, with payment terms typically 100% LC at sight and delivery windows of 15–30 days depending on port pair.
What Is 100ppi Bitumen? (Quick Definition)
100ppi refers to bitumen with a penetration value of 100–120 dmm (decimillimeters) at 25°C, per ASTM D5 / EN 1426. The "ppi" is shorthand for *penetration points index* used in South Asian and Middle Eastern trading circles — it is functionally identical to penetration grade 100/120.
| Property | Value (100ppi / 100-120 pen) | Test Method |
|---|---|---|
| Penetration @ 25°C | 100–120 dmm | ASTM D5 |
| Softening point | 42–48°C | ASTM D36 |
| Viscosity @ 135°C | 250–350 cSt | ASTM D2170 |
| Flash point (min) | 220°C | ASTM D92 |
| Solubility in TCE | 99.0% min | ASTM D2042 |
| Density @ 25°C | 1.01–1.05 g/cm³ | ASTM D70 |
Where 100ppi is used: hot mix asphalt (HMA) base courses, tack coats, prime coats, roofing felt saturation, waterproofing membranes, and some industrial mastic formulations.
100ppi Bitumen Price by Region (June 2025)
Prices below are indicative bulk spot levels, not retail. Add $15–$35/MT for drummed (new steel drum) packing and $25–$50/MT for flexitank/bitutainer logistics.
| Origin / Destination | Price (USD/MT) | Basis | Cargo Size |
|---|---|---|---|
| Iran (Bandar Abbas) → India | 375–410 | FOB | 5,000–15,000 MT |
| UAE (Jebel Ali) → Kenya | 425–465 | CFR | 10,000–25,000 MT |
| UAE → Vietnam | 440–485 | CFR | 5,000–20,000 MT |
| Saudi Arabia (Yanbu) → Egypt | 415–455 | CFR | 15,000–30,000 MT |
| South Korea → Australia | 480–520 | CFR | 3,000–10,000 MT |
| Singapore (re-export) → Bangladesh | 455–495 | CFR | 5,000–12,000 MT |
Key pricing drivers (Q2 2025):
- **Crude oil (Brent):** $72–$80/bbl — every $1/bbl moves bitumen ~$6–$9/MT
- **Iranian supply sanctions:** 8–12% premium on non-Iranian origins
- **Freight rates:** $28–$55/MT depending on route and vessel size
- **Seasonality:** Northern Hemisphere paving season (Apr–Oct) pushes prices up **5–9%**
100ppi vs Other Penetration Grades: Price Comparison
| Grade | Penetration (dmm) | Typical Price (USD/MT CFR Asia) | Primary Use |
|---|---|---|---|
| 40/50 | 40–50 | 495–540 | High-traffic HMA, airports |
| 60/70 | 60–70 | 465–510 | Standard road construction |
| **80/100** | 80–100 | 445–490 | Moderate climates, base layers |
| **100/120 (100ppi)** | 100–120 | **430–490** | Cooler climates, tack/prime coats |
| 160/220 | 160–220 | 415–465 | Cold climates, spray applications |
| VG-30 / VG-40 (India) | — | 450–505 | Indian standard equivalents |
Takeaway: 100ppi typically prices $10–$20/MT below 60/70 and $35–$50/MT below 40/50, because softer grades require less refining intensity and sell into lower-spec end markets.
Cost Breakdown: What Makes Up a 100ppi Cargo Price
For a representative 10,000 MT CFR cargo from Jebel Ali to Mombasa:
| Cost Component | USD/MT | Share of Total |
|---|---|---|
| Refinery gate (FOB product) | 385 | 85.6% |
| Ocean freight | 32 | 7.1% |
| Insurance (0.15% cargo value) | 0.7 | 0.2% |
| Port / THC / agency | 6.5 | 1.4% |
| LC charges + bank fees | 2.8 | 0.6% |
| Demurrage buffer / contingency | 3.0 | 0.7% |
| **Total CFR** | **~430** | **100%** |
- **Landed cost into inland depot:** add $18–$28/MT for trucking, heating, and storage
- **Drummed packing surcharge:** $120–$160/MT (200 kg drums, ~5 drums/MT)
- **Flexitank surcharge:** $45–$70/MT for 20–24 MT per container
How to Benchmark a 100ppi Quote
When comparing supplier quotes, normalize them using these five line items:
1. Basis: FOB vs CFR vs CIF — never compare across bases without freight adjustment
2. Origin: Iranian, UAE, Saudi, Korean, Singapore re-export (each carries different risk premium)
3. Payment: LC at sight (standard) vs CAD vs TT advance (advance may earn 3–6% discount)
4. Cargo size: 5,000 MT parcels carry $15–$25/MT premium over 30,000 MT
5. Specs: Confirm penetration, softening point, and solubility ≥99%; off-spec cargo may be $30–$40/MT cheaper but risks rejection at discharge
Rule of thumb (Q2 2025): If a CFR quote lands more than $35/MT below the regional band in the table above, treat it as a red flag — likely off-spec, sanctioned origin, or a freight-inclusive bait price.
FAQ: 100ppi Bitumen Price
Q1: What is the current price of 100ppi bitumen?
As of June 2025, 100ppi bitumen trades at $385–$445/MT FOB Middle East and $430–$490/MT CFR into Asia and Africa. Prices move with Brent crude, freight, and seasonal demand.
Q2: Is 100ppi the same as penetration grade 100/120?
Yes — "100ppi" is trading shorthand for penetration grade 100/120 per ASTM D5. Both specify 100–120 dmm penetration at 25°C and are interchangeable in most specifications.
Q3: How much does a 10,000 MT cargo of 100ppi cost?
At $430/MT CFR, a 10,000 MT cargo costs approximately $4.3 million, including freight, insurance, and port charges. Add $180,000–$280,000 for inland logistics at destination.
Q4: Which origin offers the cheapest 100ppi bitumen?
Iran typically quotes the lowest FOB prices ($375–$410/MT), but sanctions, banking restrictions, and insurance exclusions can add hidden costs. UAE and Saudi origins trade at a $25–$45/MT premium with cleaner logistics.
Q5: What is the price difference between 60/70 and 100ppi bitumen?
100ppi generally prices $10–$20/MT lower than 60/70 pen in the same market. The spread widens to $30–$40/MT during peak paving season when harder grades are in tight supply.
Calculate Your Exact 100ppi Landed Cost
Stop guessing at CFR, drumming surcharges, LC fees, and inland trucking. Use the 6Tar cost calculator to build a full landed-cost model for your 100ppi shipment — origin, cargo size, port pair, payment terms, and packing type included. Get your per-MT number in seconds and compare suppliers on an apples-to-apples basis.