Bitumen Price in Indonesia Today
Last updated: 2026-10-01
Bitumen Price in Indonesia Today
Bitumen price in Indonesia today ranges from USD 435 to USD 510 per metric ton (FOB Bahodopi/Surabaya) for penetration grade 60/70, equivalent to approximately IDR 6,900,000–8,100,000 per ton at an exchange rate of IDR 15,850/USD. The spread reflects packaging type (bulk vs. drummed), port of loading, and supplier origin. Bulk cargoes of 3,000–5,000 MT from Middle East refineries are pricing at the lower end (USD 435–465/MT), while drummed material and small-lot spot orders (20–100 MT) command USD 480–510/MT.
Last updated: pricing snapshot based on Singapore futures (SGD/MT conversions), Middle East FOB benchmarks, and Indonesian importer quotes for the current week. All figures exclude 11% VAT (PPN) and import duties unless stated.
Indonesia Bitumen Market Snapshot: Key Numbers at a Glance
Indonesia is the largest bitumen importer in Southeast Asia, consuming roughly 1.1–1.3 million metric tons per year, of which approximately 70–75% is imported. Domestic production from Pertamina's Refinery Unit IV Cilacap and RU VII Kasim covers only 300,000–380,000 MT annually — far short of demand driven by the national road program (Inpres Jalan Daerah) and toll road construction.
| Metric | Value (Current Week) |
|---|---|
| Pen 60/70 bulk, FOB Indonesia | USD 435–465/MT |
| Pen 60/70 drummed, CIF Jakarta | USD 480–510/MT |
| Domestic Pertamina bulk (ex-refinery) | IDR 7,200,000–7,800,000/MT |
| Imported bulk landed (incl. duty + PPN) | IDR 8,000,000–8,700,000/MT |
| Pen 60/70, Singapore FOB benchmark | USD 440–455/MT |
| Brent crude reference | USD 72–78/bbl |
| USD/IDR exchange rate | ~15,850 |
| Monthly national import volume | 85,000–105,000 MT |
Key takeaway: Indonesian buyers today pay a USD 15–30/MT premium over Singapore FOB levels due to freight, import duty (5% MFN for non-ASEAN origins, 0% under ACFTA/ATIGA with correct Form E/Form D), and PPN. Buyers sourcing under ASEAN Free Trade Agreement rules with valid Form D documentation save 5% duty — roughly IDR 400,000–450,000 per ton.
Today's Bitumen Price Table by Grade and Packaging
Different grades serve different applications, and pricing diverges accordingly. Penetration grades dominate Indonesian road works; PMB and CRMB carry premiums for polymer modification.
| Grade | Packaging | Price Range (USD/MT) | Price Range (IDR/MT) | Typical Application |
|---|---|---|---|---|
| Pen 60/70 | Bulk | 435–465 | 6,890,000–7,370,000 | National roads, toll base course |
| Pen 60/70 | Drummed (180 kg) | 480–510 | 7,600,000–8,080,000 | Remote sites, small contractors |
| Pen 80/100 | Bulk | 425–450 | 6,740,000–7,130,000 | Hot mix asphalt (warmer climates) |
| Pen 40/50 | Bulk | 460–490 | 7,290,000–7,770,000 | Heavy-duty toll pavements |
| PMB 40 | Bulk | 620–680 | 9,830,000–10,780,000 | Polymer-modified, high-stress roads |
| CRMB 55/60 | Bulk | 650–720 | 10,300,000–11,410,000 | Crumb rubber modified, sustainability projects |
| Cutback RC-250 | Drummed | 520–560 | 8,240,000–8,880,000 | Prime coats, cold weather work |
| Emulsion CSS-1h | Drummed/IBC | 500–540 | 7,930,000–8,560,000 | Tack coats, slurry seals |
Notes on pricing drivers:
- Bulk vs. drum: Drummed cargo adds USD 40–55/MT for packaging, handling, and higher freight volume per ton. For projects above 500 MT, bulk ISO-tank or vessel shipment is materially cheaper.
- Grade premium: PMB and CRMB carry USD 150–250/MT premiums over Pen 60/70 due to polymer (SBS) costs and blending complexity.
- Port differential: Prices are typically quoted FOB Bahodopi (Central Sulawesi), Surabaya, or CIF Jakarta/Belawan. CIF quotes to eastern Indonesia (Makassar, Jayapura) add USD 25–60/MT.
What Drives the Bitumen Price in Indonesia Today?
Understanding the cost stack helps buyers negotiate and forecast. Indonesian bitumen pricing is a function of five variables.
1. Crude oil benchmarks (60% of price variance)
Bitumen is a refinery residue, so its price tracks Brent and Dubai crude with a lag of 2–4 weeks. Every USD 5/bbl move in Brent translates to approximately USD 18–25/MT in bitumen FOB prices. With Brent at USD 72–78/bbl currently, bitumen sits in a relatively stable band.
2. Import duty and tax structure
| Cost Component | Rate | Notes |
|---|---|---|
| MFN import duty | 5% | Applies to non-ASEAN/non-FTA origins |
| ACFTA/ATIGA duty | 0% | Requires valid Form E (China) or Form D (ASEAN) |
| VAT (PPN) | 11% | On CIF + duty value |
| Import income tax (PPh 22) | 2.5% | With API import license |
| Port, handling, survey | IDR 150,000–250,000/MT | Varies by port |
3. Freight and logistics
Freight from Middle East (Jubail, Bandar Abbas) to Indonesian ports runs USD 45–75/MT for 3,000–5,000 MT parcels. Singapore/Malaysia short-haul is USD 20–35/MT. Inefficient port clearance at Tanjung Priok or Belawan can add 3–7 days of demurrage risk.
4. Rupiah exchange rate
Because bitumen is dollar-denominated, IDR weakness directly raises landed costs. A 1% IDR depreciation (e.g., 15,850 → 16,000) adds roughly IDR 80,000–87,000/MT to local prices.
5. Seasonality and government programs
Demand peaks in Q2–Q3 (April–September) during the dry season road-building window. The Ministry of Public Works' regional road program (Inpres Jalan Daerah) injects IDR 10–15 trillion annually, creating predictable demand surges of 15–25% month-on-month in peak months.
Indonesia vs. Regional Bitumen Prices: Comparison Table
Buyers should benchmark Indonesian quotes against neighboring markets before committing.
| Market | Pen 60/70 Bulk (USD/MT) | vs. Indonesia | Key Factor |
|---|---|---|---|
| Indonesia (FOB) | 435–465 | Baseline | Import-dependent, 5% duty risk |
| Singapore (FOB) | 440–455 | +0 to +5 | Regional pricing hub, zero duty to ASEAN |
| Malaysia (FOB) | 430–450 | −5 to −10 | Domestic refining capacity (Petronas) |
| Thailand (FOB) | 445–470 | +10 to +15 | Strong domestic demand, limited export |
| Vietnam (CIF) | 470–500 | +25 to +35 | Smaller parcels, higher freight |
| Philippines (CIF) | 485–520 | +40 to +55 | No domestic refining, long supply chain |
| China (FOB) | 415–440 | −20 to −30 | Largest global exporter, Form E = 0% duty |
Strategic insight: Indonesian buyers with access to Chinese-origin bitumen + Form E can land material at IDR 7,600,000–7,950,000/MT, saving IDR 400,000–700,000/MT versus Middle East origin with 5% MFN duty. This is the single largest cost lever available today.
Price Forecast: Next 30–90 Days
| Period | Expected Pen 60/70 Range (USD/MT) | Direction |
|---|---|---|
| Next 30 days | 430–470 | Stable to slightly firm |
| 30–60 days | 425–465 | Softening if Brent holds |
| 60–90 days | 435–480 | Firming on Q2 construction ramp |
Drivers to watch:
- OPEC+ production decisions — any cut extension supports crude and bitumen.
- Rupiah stability — continued weakness (above 16,000) erodes buyer purchasing power.
- Chinese export volumes — heavy Chinese supply keeps downward pressure on Asian prices.
- Indonesian infrastructure budget execution — faster disbursement in Q2 means stronger demand and upward price pressure.
Buyers should lock 60–70% of Q2 requirements at current levels (USD 435–455 FOB) to hedge against Q2 firming, leaving 30–40% open for spot optimization.
FAQ: Bitumen Price in Indonesia Today
Q1: What is the current bitumen price in Indonesia per ton?
Bitumen in Indonesia today costs USD 435–510 per metric ton depending on grade and packaging — equivalent to IDR 6.9–8.1 million/ton — with bulk Pen 60/70 at the low end and drummed or polymer-modified grades at the high end. Landed prices including duty and PPN typically reach IDR 8.0–8.8 million/MT for imported material.
Q2: Is bitumen cheaper to buy domestically from Pertamina or to import?
Pertamina's ex-refinery bulk price of IDR 7.2–7.8 million/MT is often competitive, but supply is limited to 300,000–380,000 MT/year — far below the 1.1–1.3 million MT national demand. Imported material with Form E/Form D (0% duty) can match or beat domestic pricing; without FTA documentation, imports carry a 5% duty and lose competitiveness.
Q3: How much does the Rupiah exchange rate affect bitumen prices?
Because bitumen trades in USD, a 1% weakening of the Rupiah (e.g., 15,850 to 16,010) adds approximately IDR 80,000–87,000 per ton to landed costs. A 5% depreciation adds roughly IDR 400,000/MT, which can wipe out a contractor's entire margin on a road project.
Q4: What is the cheapest packaging option for importing bitumen into Indonesia?
Bulk shipment (ISO tanks or vessel parcels of 3,000–5,000 MT) is the cheapest at USD 435–465/MT, about USD 40–55/MT less than drummed material. For orders below 500 MT, however, flexitank or drummed options may be the only practical route, pushing unit costs to USD 480–510/MT.
Q5: How often do Indonesian bitumen prices change?
Prices adjust weekly to bi-weekly in line with Singapore futures and crude benchmarks, with larger moves triggered by OPEC+ decisions, Rupiah swings, or major refinery outages. Contract buyers typically fix monthly prices, while spot buyers see quotes valid for 3–7 days only. Locking forward contracts for 30–60 days is standard practice for projects above 1,000 MT.
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