Bitumen Price in Turkey Today
Last updated: 2026-09-29
Bitumen Price in Turkey Today
As of today, the ex-refinery bitumen price in Turkey averages $595 per metric ton for penetration grade 60/70, equivalent to approximately ₺19,300 per ton at a USD/TRY rate of 32.4. Import CIF pricing at Turkish ports (Mersin, Izmir, Derince) sits at $545–$565 per ton for bulk cargoes of 3,000–5,000 MT, while drummed bitumen (150 kg drums) trades at $635–$660 per ton delivered. These figures reflect a +2.1% week-over-week increase, driven by rising crude benchmarks and seasonal demand from highway contractors ahead of Q2 paving schedules.
Turkey Bitumen Market Overview: Current Pricing Structure
Turkey is one of the largest bitumen importers in Europe, consuming approximately 4.2 million tons annually, of which roughly 65% is imported — primarily from Iraq, Russia, Greece, and Saudi Arabia. Domestic production from TÜPRAŞ refineries (İzmit, Kırıkkale, Batman, Aliağa) covers the remaining 35%, but output fluctuates with refinery maintenance cycles.
The current pricing landscape breaks down across three main supply channels:
| Supply Channel | Price (USD/MT) | Price (TRY/MT) | Typical Volume |
|---|---|---|---|
| Domestic ex-refinery (TÜPRAŞ) | $595 | ₺19,300 | 500–2,000 MT |
| Import CIF bulk (Iraq/Russia) | $545–$565 | ₺17,600–₺18,300 | 3,000–5,000 MT |
| Drummed bitumen (delivered) | $635–$660 | ₺20,500–₺21,400 | 20–200 MT |
| Modified bitumen (PMB 40/50) | $720–$760 | ₺23,300–₺24,600 | 100–500 MT |
Key price drivers this week:
- Brent crude at $84.20/bbl (+1.8% WoW) — bitumen typically tracks 55–65% of crude movements.
- USD/TRY volatility — a 1% lira depreciation adds roughly ₺190/MT to landed costs.
- Iraqi export volumes — Basrah bitumen shipments down 7% in March, tightening Mediterranean supply.
- Seasonal demand ramp — Turkish contractors typically begin bulk purchasing in March–April, adding 3–5% to spot premiums.
Turkey Bitumen Price Today vs Regional Benchmarks
Comparing Turkey against neighboring markets shows where Turkey sits competitively. Note that import parity pricing means Turkish buyers often pay a premium for prompt delivery and smaller cargo sizes.
| Country | Bulk Bitumen (USD/MT) | vs Turkey | Notes |
|---|---|---|---|
| Turkey | $545–$595 | — | Import + domestic blend |
| Greece | $530–$550 | -3% | Aspropyrgos refinery supply |
| Bulgaria | $555–$575 | +2% | Lukoil Neftochim base |
| Romania | $560–$585 | +3% | OMV Petrom pricing |
| Iraq (FOB Basrah) | $495–$515 | -12% | Export parity, large cargo |
| Russia (FOB Novorossiysk) | $470–$490 | -15% | Sanctions logistics premium |
| Egypt | $520–$545 | -4% | Suez refinery output |
What this means for buyers: Turkey's land border with Iraq and Black Sea access to Russian product give it a structural advantage over Western European buyers, but port congestion at Mersin and Derince adds $15–$25/MT in demurrage and handling during peak weeks.
Components of the Delivered Bitumen Price in Turkey
A quoted "bitumen price" in Turkey rarely equals the final invoice. Buyers should expect these line items:
- Base FOB price: $470–$515/MT (depends on origin)
- Freight to Turkish port: $35–$55/MT (Iraq/Black Sea routes)
- Insurance (0.3–0.5% of CIF): $2–$3/MT
- Port handling & storage: $8–$12/MT
- Customs duty & VAT: Turkey applies 0% customs duty on bitumen under HS 2713.20 but 20% VAT, recoverable for registered businesses
- Inland trucking (150–400 km): $18–$35/MT
- Quality testing & certificate: $40–$80 per batch
Example landed cost — Izmir delivery, Iraqi origin:
> FOB Basrah $500 + freight $48 + insurance $3 + port $10 + trucking $25 = $586/MT landed before VAT.
This explains why Turkish buyers often see quotes $40–$70/MT above FOB prices in the origin market.
Price Forecast: Next 30–60 Days
Three scenarios dominate analyst expectations for the Turkish bitumen market through May:
| Scenario | Probability | 60-Day Price Range (USD/MT) | Trigger |
|---|---|---|---|
| Stable | 45% | $585–$610 | Brent holds $80–$86 |
| Bullish | 35% | $615–$650 | Brent >$88 or lira <33 |
| Bearish | 20% | $555–$580 | OPEC+ supply hike or weak demand |
Watch these signals:
1. Crude futures curve — backwardation signals tightening supply.
2. TÜPRAŞ maintenance schedule — İzmit refinery turnaround in May could cut domestic supply by 15%.
3. Lira exchange rate — every 0.5 TRY move against USD shifts import parity by ~$9/MT.
4. Iraqi Ministry of Oil tenders — new Basrah cargo allocations reset regional benchmarks.
For buyers locking in Q2 volumes, forward contracts at $590–$605/MT CIF are currently achievable with 30-day payment terms.
FAQ: Bitumen Price in Turkey Today
Q1: What is the current bitumen price in Turkey per ton?
Today's ex-refinery bitumen price in Turkey averages $595 per metric ton (₺19,300), while imported bulk CIF pricing ranges from $545–$565 per ton depending on origin and cargo size. Drummed bitumen delivered to site costs $635–$660 per ton.
Q2: Which country does Turkey import the most bitumen from?
Iraq is Turkey's largest bitumen supplier, accounting for roughly 40% of imports, followed by Russia at 22% and Greece at 12%. Iraqi Basrah bitumen is favored for its consistent penetration grade quality and competitive FOB pricing.
Q3: How much does the lira exchange rate affect bitumen prices in Turkey?
Every 1% depreciation of the Turkish lira against the US dollar adds approximately ₺190 per ton to imported bitumen costs, since the vast majority of bitumen is priced in USD. A move from 32.0 to 33.0 TRY/USD translates to roughly $18/MT in higher landed costs.
Q4: Is bitumen cheaper to buy in Turkey or import directly?
For volumes above 3,000 MT, direct import from Iraq or Russia is $30–$50 per ton cheaper than Turkish ex-refinery pricing, but requires import licensing, port handling, and 15–25 days of lead time. Smaller buyers typically benefit from local distributor pricing.
Q5: What is the price difference between penetration grade and polymer-modified bitumen in Turkey?
Polymer-modified bitumen (PMB 40/50 or 70/100) trades at a premium of $125–$165 per ton over standard penetration grade 60/70 in the Turkish market, reflecting the added SBS polymer cost and blending complexity. PMB delivered pricing currently sits at $720–$760 per ton.
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