Bitumen Price in Brazil Today
Last updated: 2026-10-01
Bitumen Price in Brazil Today
As of February 2026, the bitumen price in Brazil today ranges from USD 510 to USD 585 per metric ton on a CIF Santos/Rio de Janeiro basis, depending on grade (Pen 50/70, Pen 60/70, or PG 64-22), volume, and origin. Domestically produced bitumen from Petrobras refineries is quoted at approximately BRL 3,150–3,480 per ton (roughly USD 545–605) ex-works, while imported cargoes from Bahrain, Iran, and South Korea land at USD 490–540 per ton FOB before freight. Small-volume buyers (under 500 tons) typically pay a 6–11% premium over bulk contract pricing.
Brazil Bitumen Market Snapshot: Key Numbers Today
Brazil consumes roughly 1.1–1.3 million tons of bitumen annually, with Petrobras supplying about 60–65% of domestic demand. The country imports the remaining 35–40%, primarily from the Middle East and Asia. Below is the current pricing landscape:
| Source / Origin | Grade | Price (USD/ton) | Basis | Lead Time |
|---|---|---|---|---|
| Petrobras (domestic) | Pen 50/70 | 545–605 | Ex-works | 5–10 days |
| Bahrain (BAPCO) | Pen 60/70 | 505–530 | CIF Santos | 25–35 days |
| South Korea (SK Energy) | Pen 60/70 | 515–545 | CIF Paranaguá | 30–40 days |
| Iran (Jey Oil) | Pen 60/70 | 490–520 | FOB Bandar Abbas | 35–45 days |
| UAE (Fujairah traders) | Pen 60/70 | 510–535 | CIF Rio | 28–38 days |
| Venezuela (PDVSA) | Pen 50/70 | 480–515 | CIF | 20–30 days |
Key takeaway: Imported bitumen is 4–12% cheaper than domestic Petrobras material on a landed basis, but lead times are 3–5x longer.
What Drives the Bitumen Price in Brazil Today?
Four macro factors determine today's quoted levels:
- Crude oil benchmarks (Brent): Brent at USD 78–82/barrel currently anchors bitumen pricing. A USD 5/barrel move in Brent typically shifts bitumen by USD 25–35/ton.
- Brazilian Real (BRL/USD) exchange rate: At 5.68–5.75 BRL/USD, a 10% real depreciation adds roughly USD 45–55/ton to landed import costs.
- Freight rates: Supramax and Handysize tanker rates from the Persian Gulf to Santos currently run USD 38–52/ton, up 12% YoY.
- Refinery utilization: Petrobras is operating its asphalt units at 85–90% capacity, keeping domestic supply tight during peak road-building season (May–October).
Seasonal note: Brazilian bitumen prices historically rise 5–8% between April and July as DNIT and state highway programs (DERs) ramp up procurement.
Domestic vs. Imported Bitumen: Cost Comparison Table
For a buyer comparing 1,000 tons of Pen 60/70 delivered to São Paulo in February 2026:
| Cost Component | Petrobras (Domestic) | Import (Bahrain CIF) |
|---|---|---|
| Base price per ton | USD 575 | USD 518 |
| Freight to São Paulo | USD 22 | USD 18 |
| Import duties (II/IPI/PIS/COFINS) | — | USD 31 |
| ICMS (state tax ~18%) | Included | USD 24 |
| Antidumping duty (if applicable) | — | USD 0–42 |
| Landed cost per ton | USD 597 | USD 591–633 |
| Payment terms | 30 days | LC at sight |
| Delivery time | 5–7 days | 25–35 days |
Verdict: Domestic material wins on speed and payment terms; imports win on headline price unless antidumping duties apply. Brazil's CAMEX has imposed anti-dumping measures on bitumen from certain origins — always verify current AD rulings before contracting.
Grade-by-Grade Price Breakdown (February 2026)
| Grade | Standard | Domestic (USD/ton) | Imported CIF (USD/ton) | Main Use |
|---|---|---|---|---|
| Pen 50/70 | ABNT NBR 15149 | 550–600 | 500–525 | Highways, DNIT projects |
| Pen 60/70 | ABNT NBR 15149 | 545–595 | 490–520 | Paving, waterproofing |
| Pen 85/100 | ABNT NBR 15149 | 535–580 | 485–510 | Cold climates, south Brazil |
| PG 64-22 | AASHTO M320 | 570–620 | 520–550 | Performance-graded paving |
| Cutback RC-2 | NBR 15085 | 640–700 | — | Prime coats, tack coats |
| Emulsion RR-2C | NBR 14546 | 680–740 | — | Surface treatments |
Note: Modified bitumens (SBS, APP) trade at a 20–30% premium over penetration-grade material.
30-Day Price Trend and Outlook
| Week | Avg. Pen 60/70 CIF (USD/ton) | Change |
|---|---|---|
| Week 1 (Jan 2026) | 505 | — |
| Week 2 | 512 | +1.4% |
| Week 3 | 518 | +1.2% |
| Week 4 | 522 | +0.8% |
| Week 5 (current) | 528 | +1.1% |
30-day trend: Up ~4.6%. Drivers include firming Brent prices and a 3% QoQ increase in Brazilian paving demand. Outlook: Expect USD 520–545/ton CIF through March unless Brent breaks above USD 85/barrel.
FAQ: Bitumen Price in Brazil Today
Q1: What is the bitumen price in Brazil today per ton?
As of February 2026, bitumen in Brazil trades at USD 510–585 per metric ton CIF Santos, or BRL 3,150–3,480 per ton ex-works for domestic Petrobras material. Small-volume spot buyers pay a premium of 6–11%.
Q2: Is imported bitumen cheaper than Brazilian domestic bitumen?
Yes, imported bitumen from Bahrain, Iran, or South Korea is typically USD 25–55/ton cheaper than Petrobras domestic product on a CIF basis. However, after import duties, ICMS, and any anti-dumping levies, the advantage shrinks to USD 0–25/ton, and lead times are 4–5x longer.
Q3: What grade of bitumen is most commonly used in Brazil?
Pen 60/70 (ABNT NBR 15149) dominates the Brazilian market, accounting for roughly 55–60% of total consumption. It is the standard grade for DNIT highway paving contracts and is produced domestically by Petrobras and imported from the Middle East.
Q4: How much has the bitumen price in Brazil increased in the last 30 days?
The price of Pen 60/70 bitumen CIF Brazil rose from USD 505/ton in early January 2026 to USD 528/ton in the current week — a 4.6% increase. The rise reflects higher Brent crude prices and stronger seasonal paving demand.
Q5: What is the minimum order quantity for importing bitumen into Brazil?
Most importers require a minimum order of 500–1,000 metric tons (one 20-ft flexitank container holds 20–24 tons). Full ISO tanker or vessel lot shipments (2,000–5,000 tons) achieve the lowest per-ton landed cost.
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