Bitumen Price in Indonesia Today
Last updated: 2026-09-30
Bitumen Price in Indonesia Today
Bitumen price in Indonesia today ranges from USD 445 to USD 520 per metric ton (FOB Surabaya or Cilacap) for penetration grade 60/70, the most widely used grade in Indonesian road construction. This reflects a USD 5–10 per ton decrease compared to the previous week, tracking a softer Brent crude benchmark at USD 72–75 per barrel and stable Singapore cargo offers at USD 430–445/MT CFR. Bulk buyers ordering 5,000+ MT typically secure 3–6% discounts below these listed levels.
What Drives Bitumen Price in Indonesia Today
Indonesia imports roughly 60–65% of its annual bitumen demand of 1.2–1.4 million MT, making domestic pricing highly sensitive to three factors:
- Crude oil benchmark: Brent at USD 72–75/bbl sets the floor; a ±USD 5/bbl move shifts bitumen by approximately USD 25–35/MT.
- Singapore & Middle East cargo offers: Singapore FOB at USD 430–445/MT and Iran-origin cargoes at USD 390–410/MT CFR are the two dominant reference points.
- IDR/USD exchange rate: At IDR 16,200–16,400 per USD, every 100-point rupiah weakening adds roughly IDR 30,000–35,000/MT (USD 2/MT) to landed costs.
| Source | Volume (MT/month) | Share | Origin / Producer |
|---|---|---|---|
| Pertamina (Cilacap & Balongan) | 45,000–55,000 | 40% | Domestic refinery |
| Singapore exports | 30,000–38,000 | 27% | Shell, ExxonMobil |
| Middle East (Iran, UAE, Saudi) | 25,000–32,000 | 24% | Bandar Imam, Fujairah |
| South Korea & Taiwan | 8,000–12,000 | 9% | S-Oil, CPC |
Pertamina's Cilacap refinery supplies Pen 60/70 at a regulated domestic price of approximately IDR 7,800,000–8,200,000/MT (USD 480–505), with delivery to Java and Sumatra within 7–14 days.
Penetration Grade Price Comparison – Indonesia vs. Regional Markets
The table below compares current FOB and CFR levels across key Asian markets, showing Indonesia's competitive position for importers:
| Market | Grade | Price (USD/MT) | Basis | vs. Indonesia |
|---|---|---|---|---|
| Indonesia (Surabaya CFR) | Pen 60/70 | 445–520 | CFR | Baseline |
| Singapore | Pen 60/70 | 430–445 | FOB | –15 to –25 |
| Malaysia (Port Klang) | Pen 60/70 | 440–460 | CFR | –5 to –15 |
| Vietnam (Ho Chi Minh) | Pen 60/70 | 450–470 | CFR | +5 to +10 |
| India (Mumbai) | Pen 60/70 | 460–490 | CFR | +10 to +25 |
| China (Shanghai) | Pen 60/70 | 455–475 | CFR | +5 to +15 |
Key takeaway: Indonesia's CFR prices sit USD 10–25/MT above Singapore FOB, driven by freight (USD 15–22/MT), import duties (0–5%), and local distribution margins. Buyers sourcing direct from Singapore or the Middle East can save USD 20–40/MT on orders above 3,000 MT.
Grade-by-Grade Bitumen Pricing in Indonesia Today
Different grades command different price points depending on refinery output and application:
| Grade | Application | Price (IDR/MT) | Price (USD/MT) |
|---|---|---|---|
| Pen 60/70 | Hot mix asphalt (AC), roads | 7,800,000–8,300,000 | 480–505 |
| Pen 80/100 | Softer asphalt, cold climates | 7,700,000–8,150,000 | 475–500 |
| Pen 40/50 | Heavy-duty highways | 8,100,000–8,600,000 | 500–525 |
| Cutback Bitumen (MC-30, RC-250) | Patching, priming | 8,500,000–9,200,000 | 520–565 |
| Bitumen Emulsion (CSS-1h) | Tack coats, slurry seal | 6,800,000–7,400,000 | 415–455 |
Note: Emulsion prices are lower per ton but contain 30–40% water, so effective bitumen content pricing is comparable to Pen 60/70.
Cost Breakdown: Landed Bitumen Price in Indonesia
For an importer bringing 5,000 MT of Pen 60/70 from Singapore to Surabaya, the landed cost structure looks like this:
- FOB Singapore: USD 435/MT = USD 2,175,000
- Ocean freight (1,500 nm): USD 18/MT = USD 90,000
- Import duty + VAT: 5% + 11% (recoverable) ≈ USD 25/MT
- Port handling & survey: USD 4/MT = USD 20,000
- Inland transport (Surabaya → Jakarta): USD 12/MT = USD 60,000
- Total landed cost: USD 494/MT or IDR 8,050,000/MT
This means a Jakarta contractor buying in bulk today pays roughly IDR 8,000,000–8,100,000/MT delivered — consistent with the range quoted in the opening paragraph.
Price Trends: Last 30 Days and 12-Month Outlook
| Period | Pen 60/70 (USD/MT) | Change |
|---|---|---|
| Today | 445–520 | — |
| 30 days ago | 465–540 | –4% |
| 90 days ago | 480–555 | –7% |
| 12 months ago | 510–590 | –12% |
| 24 months ago | 600–680 | –22% |
Forecast (next 30 days): With Brent expected to hold USD 70–78/bbl and Singapore cargoes stable, Indonesian bitumen prices are projected to remain in the USD 440–520/MT band, with possible 1–3% downside if the rupiah strengthens past IDR 16,000/USD.
FAQ: Bitumen Price in Indonesia Today
Q1: What is the current bitumen price in Indonesia today?
Bitumen Pen 60/70 currently trades at IDR 7,800,000–8,300,000/MT (USD 480–505) for domestic Pertamina supply, and USD 445–520/MT CFR for imported cargoes. Bulk orders above 5,000 MT can achieve 3–6% discounts.
Q2: Is bitumen cheaper in Singapore than Indonesia?
Yes — Singapore FOB prices at USD 430–445/MT are USD 15–25/MT cheaper than Indonesia CFR, but after adding freight, duty, and inland transport, the landed cost difference narrows to USD 0–10/MT.
Q3: Which bitumen grade is most used in Indonesia?
Penetration grade 60/70 accounts for roughly 70% of Indonesian consumption, used in hot mix asphalt for national roads and toll highways. Pen 80/100 follows at 15%, mainly for flexible pavements.
Q4: How much does bitumen price fluctuate monthly in Indonesia?
Monthly fluctuations average 3–6%, driven by Brent crude movements, IDR/USD exchange rates, and Singapore cargo offers. In high-volatility months (e.g., post-OPEC decisions), swings can reach 8–10%.
Q5: Where can I get the most accurate daily bitumen price in Indonesia?
The most reliable sources are Pertamina's official price list, Platts/Argus assessments, and 6Tar's live cost calculator, which aggregates FOB, CFR, freight, and duty data into a single landed-cost figure updated daily.
Calculate Your Exact Bitumen Cost with 6Tar
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