Bitumen Price in Turkey Today
Last updated: 2026-10-01
Bitumen Price in Turkey Today
Bitumen price in Turkey today ranges between $440 and $520 per metric ton for penetration grades (50/70, 70/100, 160/200), depending on the refinery, delivery terms, and volume. The average spot price for 60/70 penetration bitumen ex-refinery in Turkey sits at approximately $475 per ton as of the latest trading session. Bulk deliveries of 1,000+ tons from Turkish refineries typically clear at $445–$465 per ton FOB, while imported Venezuelan and Iraqi bitumen lands at $490–$540 per ton CIF Istanbul.
Turkey remains one of the most dynamic bitumen markets in the Mediterranean region — a net importer that also operates significant domestic refining capacity through Tüpraş, the country's largest oil refiner. Understanding the daily price movement matters for traders, road contractors, and procurement managers who need to lock in volumes.
What Drives the Bitumen Price in Turkey Today?
Three factors dominate price formation in the Turkish bitumen market:
- Crude oil benchmarks (Brent & Urals): Bitumen tracks crude with a 0.7–0.9 correlation. A $5/bbl move in Brent translates to roughly $22–$28/ton in bitumen.
- Refinery output at Tüpraş: The İzmit, İzmir, Kırıkkale, and Batman refineries collectively produce ~2.8–3.2 million tons of bitumen annually. Maintenance turnarounds of 3–5 weeks shift regional supply and add $15–$35/ton to spot prices.
- Import parity pricing: Turkey imports 35–45% of its bitumen, primarily from Iraq, Venezuela (via PDVSA), Greece, and Egypt. Freight rates from these origins add $28–$65/ton CIF depending on the shipping route.
| Grade | Ex-Refinery (USD/ton) | FOB Turkish Port | CIF Istanbul | Weekly Change |
|---|---|---|---|---|
| 50/70 | $480–$510 | $465–$490 | $505–$535 | +1.8% |
| 70/100 | $455–$485 | $440–$465 | $480–$510 | +1.2% |
| 160/200 | $430–$460 | $420–$445 | $460–$485 | +0.9% |
| PG 64-22 (polymer-modified) | $610–$660 | $595–$640 | $635–$680 | +2.1% |
| Cutback MC-30 | $540–$580 | $525–$560 | — | -0.4% |
Note: Prices quoted in USD. Turkish Lira (TRY) equivalents fluctuate with the exchange rate — at ₺34.20/USD, a $475/ton price equals roughly ₺16,245/ton.
Regional Price Comparison: Turkey vs. Neighboring Markets
Turkey's bitumen pricing doesn't exist in isolation. Traders constantly benchmark against Greece, Bulgaria, Georgia, and the Middle East.
| Country/Port | 60/70 Ex-Works (USD/ton) | Premium vs. Turkey | Key Driver |
|---|---|---|---|
| Turkey (Tüpraş İzmit) | $475 | Baseline | Domestic refining + imports |
| Greece (Aspropyrgos) | $498 | +$23 | Hellenic Petroleum output |
| Bulgaria (Burgas) | $505 | +$30 | Lukoil Neftochim supply |
| Georgia (Batumi) | $530 | +$55 | Transshipment costs |
| Iraq (Basrah) | $420 (FOB) | -$55 FOB | Export hub pricing |
| Egypt (Alexandria) | $490 | +$15 | Suez logistics |
| Romania (Ploiesti) | $512 | +$37 | OMV Petrom premium |
The $55 FOB discount from Iraq explains why Turkish buyers import nearly 1.2 million tons annually from Basrah — even after $40–$60/ton freight, the landed cost stays competitive with domestic ex-refinery pricing.
Factors Affecting Bitumen Price in Turkey Today
Brent crude in the $78–$85/bbl range supports current bitumen prices. Each $1/bbl increase adds roughly $5–$6 per ton to Turkish bitumen prices within 7–10 days, as refineries adjust to maintain crack spreads. Heavy sour crude (Urals, Basrah Heavy) is the primary feedstock for bitumen production, and its discount to Brent has narrowed to $8–$12/bbl in recent months — a bullish signal for bitumen prices.
- March–October: Peak road construction season. Prices rise 8–15% versus winter lows.
- November–February: Off-season. Prices typically drop 5–10% as contractors reduce purchases.
- Current month status: Seasonal demand is in an uptrend, supporting the +1.2% weekly price movement.
The Turkish Lira's depreciation against the USD directly impacts landed import costs. A 10% TRY devaluation adds approximately $12–$18/ton to imported bitumen costs. Freight rates from Basrah to Mersin currently sit at $42–$48/ton, while Venezuela-to-Izmir routes run $58–$65/ton.
Turkey's Ministry of Transport and Infrastructure has allocated ₺318 billion (≈$9.3 billion) for road projects in the current fiscal year — a 14% increase over last year. This translates to estimated bitumen demand of 2.6–3.0 million tons for 2024–2025, keeping upward pressure on prices.
- Venezuela sanctions relief: Since late 2023, partial sanctions easing has increased Venezuelan bitumen availability, adding 200,000–300,000 tons/year to global supply.
- OPEC+ production cuts: Tighten heavy crude availability, indirectly raising bitumen feedstock costs.
- Red Sea shipping disruptions: Increased freight rates by $15–$25/ton on Asia-Europe routes, affecting Turkish import economics.
How to Get the Best Bitumen Price in Turkey Today
Procurement strategy matters. Here's how to optimize:
- Buy in 5,000+ ton parcels: Volume discounts of $12–$20/ton are standard from Tüpraş for annual contracts.
- Lock forward contracts: Q1 2025 forward pricing is currently $455–$475/ton — a $10–$20 discount to spot.
- Consider Iraqi imports: Basrah FOB at $420 + $45 freight = $465 landed Mersin, saving $10–$15/ton vs. domestic ex-refinery.
- Monitor Tüpraş release schedules: Monthly allocation announcements (typically on the 25th) cause ±$8–$12/ton spot shifts within 48 hours.
- Use the 6Tar cost calculator: Landed cost comparison tools eliminate guesswork between FOB, CIF, and ex-works terms.
| Week | 60/70 Spot (USD/ton) | Change | Brent (USD/bbl) |
|---|---|---|---|
| Week 1 | $462 | — | $79.40 |
| Week 2 | $468 | +1.3% | $81.10 |
| Week 3 | $471 | +0.6% | $82.80 |
| Week 4 | $475 | +0.8% | $83.60 |
30-day trend: +2.8% — driven primarily by Brent gains and tightening Iraqi supply windows.
FAQ: Bitumen Price in Turkey Today
Q1: What is the current price of 60/70 bitumen in Turkey?
The 60/70 penetration grade bitumen is currently priced at $475–$510 per metric ton ex-refinery in Turkey, with an average of $480/ton across Tüpraş facilities. FOB Turkish port pricing ranges from $465–$490/ton depending on volume and payment terms.
Q2: Is bitumen cheaper in Turkey than in Europe?
Yes. Turkish bitumen is $20–$37/ton cheaper than Greek, Bulgarian, and Romanian equivalents, primarily due to Tüpraş's domestic refining capacity and lower logistics costs. This price advantage makes Turkey a key re-export hub for bitumen flowing into the Caucasus and Central Asia.
Q3: How much does imported Iraqi bitumen cost in Turkey today?
Iraqi Basrah bitumen lands in Turkish ports at $460–$472/ton CIF Mersin or Iskenderun, including $42–$48/ton freight from Umm Qasr. This is typically $8–$18/ton below domestic ex-refinery prices, making it attractive for high-volume road contractors.
Q4: What factors will affect bitumen prices in Turkey next month?
The three biggest drivers are Brent crude movement (every $1/bbl = ~$5.5/ton), Tüpraş İzmit maintenance schedule (planned for 3 weeks, adding $15–$25/ton pressure), and seasonal road construction demand (peaking through October). Expect prices in the $470–$500/ton range for the next 30 days.
Q5: Where can I find the most accurate daily bitumen price in Turkey?
Official ex-refinery prices are published by Tüpraş on their investor portal, while EPDK (Energy Market Regulatory Authority) publishes weekly averages. For real-time trading prices and landed cost calculations, use the 6Tar cost calculator, which aggregates FOB, CIF, and ex-works pricing across 14 Turkish ports and 6 origin countries.
Get Your Exact Bitumen Landed Cost in Turkey — Use the 6Tar Calculator
Spot prices move daily. Freight rates shift weekly. Currency adds another variable. The difference between a profitable road project and a loss-making one often comes down to $10–$20/ton on bitumen procurement — which on a 5,000-ton order equals $50,000–$100,000.
Use the 6Tar cost calculator to instantly compare:
- Ex-refinery, FOB, and CIF pricing across Turkish ports
- Iraqi, Venezuelan, Greek, and Egyptian import parity
- Freight, insurance, customs, and storage costs
- Live USD/TRY conversion for accurate landed cost in Lira
Enter your volume, destination port, and preferred grade — get a complete landed cost breakdown in under 30 seconds. No spreadsheets. No guesswork. Just accurate numbers to support every procurement decision.
[Calculate Your Bitumen Landed Cost Now →]
Prices last updated from Tüpraş, EPDK, and trade desk submissions. Verify real-time quotes before executing purchase orders.