Bitumen Price in Yerevan
Last updated: 2026-10-01
Bitumen Price in Yerevan
As of Q2 2025, the bitumen price in Yerevan ranges from USD 370 to USD 445 per metric ton for bulk 60/70 penetration-grade bitumen, equivalent to approximately AMD 144,000 – AMD 173,000 per ton at an exchange rate of 390 AMD/USD. Iran-origin bitumen (Jey Oil, Pasargad) typically lands at the lower end (USD 370–395/ton), while Russian-origin grades (Gazprom Neft, Lukoil) command USD 410–445/ton due to higher logistics costs and quality premiums. Delivery to a Yerevan yard takes 7–14 days from Tabriz and 18–25 days from Russian refineries via the Upper Lars checkpoint.
Bitumen Price in Yerevan: Current Market Snapshot (Q2 2025)
The Armenian bitumen market is 90% import-dependent. Domestic production is negligible, so Yerevan pricing is driven almost entirely by landed costs from Iran and Russia, plus local margin.
| Grade / Origin | Price per MT (USD) | Price per MT (AMD) | Delivery to Yerevan | MOQ |
|---|---|---|---|---|
| 60/70 Iran (Jey Oil) | $370 – $385 | 144,300 – 150,150 | 7–10 days | 22 MT (truck) |
| 60/70 Iran (Pasargad) | $380 – $395 | 148,200 – 154,050 | 7–10 days | 22 MT |
| 60/70 Russia (Gazprom Neft) | $410 – $430 | 159,900 – 167,700 | 18–25 days | 24 MT |
| 85/100 Iran | $365 – $380 | 142,350 – 148,200 | 7–10 days | 22 MT |
| Polymer Modified (PMB 40) | $520 – $580 | 202,800 – 226,200 | 10–20 days | 20 MT |
| Drummed (new steel drum) | +$45 – $65/MT surcharge | — | +3 days | 20 MT |
Key pricing factors for Yerevan buyers:
- Origin premium: Russian bitumen costs 10–15% more than Iranian equivalents.
- Packaging: Bulk (bitutank) is cheapest; new drums add $45–65/MT; used drums add $25–35/MT.
- Volume discount: Orders above 500 MT typically unlock 3–6% off the quoted price.
- Seasonality: Prices peak May–September (construction season) and dip 10–12% in December–February.
Iran vs. Russia: Landed Cost Comparison to Yerevan
Armenia has no seaport, so all bitumen arrives by truck or rail through two corridors: the Nordoz (Iran) border and the Upper Lars (Georgia–Russia) checkpoint. Each route carries different logistics costs.
| Cost Component | Iran Route (Tabriz → Yerevan) | Russia Route (Volgograd → Yerevan) |
|---|---|---|
| FOB refinery price | $310 – $330/MT | $330 – $355/MT |
| Freight per MT | $35 – $45 | $55 – $70 |
| Border/customs fees | $8 – $12 | $12 – $18 |
| Insurance | $3 – $5 | $4 – $6 |
| Landed cost, Yerevan | $370 – $395/MT | $410 – $445/MT |
| Transit time | 7–14 days | 18–25 days |
| Truck capacity | 22–24 MT | 22–24 MT |
| Winter risk | Low | High (Upper Lars closures) |
Practical takeaway: For most Yerevan contractors, Iranian 60/70 offers the best cost-to-quality ratio. Russian grades are preferred only when a project specification explicitly demands them or when Iranian supply tightens (e.g., during Iranian domestic refinery maintenance in August).
- Iranian bitumen = ~$40–50/MT cheaper landed
- Upper Lars closes 10–20 days per winter on average due to snow/avalanche risk
- Iran route has 2 border crossings (Nordoz/Agarak) vs. 1 for Russia (Upper Lars)
Price Trends: How Yerevan Bitumen Rates Moved (2022–2025)
Understanding the trend helps buyers time purchases. The table below shows average Yerevan landed prices for 60/70 grade at mid-year.
| Year | Avg Price/MT (USD) | YoY Change | Key Driver |
|---|---|---|---|
| 2022 | $430 | — | Post-COVID demand surge |
| 2023 | $405 | −5.8% | Iranian supply increase |
| 2024 | $385 | −4.9% | Ruble weakness, cheaper Russian cargo |
| 2025 (Q2) | $375 | −2.6% | Stable Iranian output, AMD appreciation |
| 2025 (Q4 forecast) | $390 – $410 | +4–7% | Winter stockpiling + Upper Lars risk |
What moves Yerevan prices most:
- Brent crude (±$10/bbl) → translates to ±$25–35/MT in bitumen within 3–4 weeks.
- AMD/USD rate: A 5% AMD appreciation cuts landed costs by roughly $18–20/MT.
- Iranian refinery shutdowns: Can spike prices 8–12% within two weeks.
- Armenian road budget execution: Government tenders in Q1 pull 15,000–25,000 MT off the market, tightening supply.
What Determines the Final Bitumen Price You Pay in Yerevan
Two buyers can be quoted $40/MT apart on the same day for the same grade. Here is why.
1. Order volume
- 22 MT (one truck): full retail rate
- 100–200 MT: 2–3% discount
- 500 MT+: 4–6% discount
- 2,000 MT+ annual contract: 6–9% discount
2. Payment terms
- 100% prepayment: baseline price
- 50/50 (deposit/on-delivery): +$5–8/MT
- 30-day credit: +$12–18/MT
3. Packaging
| Format | Surcharge vs. Bulk |
|---|---|
| Bulk (bitutank truck) | $0 |
| New steel drums | +$45–65/MT |
| Used drums (reconditioned) | +$25–35/MT |
| Jumbo bags (1 MT) | +$50–70/MT |
4. Delivery point
- Ex-warehouse Yerevan: baseline
- Delivered to site (within 50 km of Yerevan): +$8–12/MT
- Delivered to Gyumri, Vanadzor, or Syunik: +$15–30/MT
5. Certification
- Standard mill test certificate: included
- Third-party SGS/Armenia inspection: +$150–250 per lot
- Penetration/softening point re-test in Yerevan lab: +$80–120 per sample
Where to Buy Bitumen in Yerevan: Suppliers and Channels
Yerevan has roughly 12–15 active bitumen traders, but only 4–5 handle consistent bulk volumes above 500 MT/month.
| Supplier Type | Typical Price/MT | Strengths | Weaknesses |
|---|---|---|---|
| Iranian refiner direct (via agent) | $370 – $385 | Lowest price | Slow paperwork, MOQ 200 MT |
| Local Armenian importer | $385 – $410 | Fast delivery, credit terms | Higher margin |
| Russian producer via Georgian trader | $415 – $440 | Certified quality | Long lead time, winter risk |
| Regional trader (Dubai/Tbilisi hub) | $400 – $425 | Flexible MOQ | Opaque origin |
| Online B2B platform (e.g., 6Tar) | $375 – $400 | Price transparency, instant quote | Requires buyer verification |
Buying checklist for Yerevan contractors:
- Confirm penetration grade (60/70 or 85/100) against your mix design
- Request refinery test certificate + independent re-test for orders above 100 MT
- Verify import duty status (bitumen is duty-exempt in Armenia under EAEU rules for most grades)
- Check storage: bitumen must be kept at 140–160°C; unheated drums degrade in 6–8 months
- Lock price with a futures-style contract if buying 500 MT+ for a season
FAQ: Bitumen Price in Yerevan
Q1: What is the current bitumen price in Yerevan per ton?
As of Q2 2025, bulk 60/70 bitumen in Yerevan costs USD 370–445 per metric ton, or roughly AMD 144,000–173,000. Iranian-origin material sits at the lower end, Russian-origin at the higher end.
Q2: Is Iranian or Russian bitumen cheaper in Yerevan?
Iranian bitumen is consistently cheaper, landing at $370–395/MT versus $410–445/MT for Russian grades. The gap comes from shorter freight distance (Tabriz–Yerevan is ~500 km) and lower border costs.
Q3: How much does delivery to Yerevan add to the refinery price?
Delivery adds approximately $50–85/MT to the FOB refinery price, covering freight, customs, insurance, and border fees. From Tabriz it is closer to $50–65/MT; from Russia it is $75–90/MT.
Q4: How long does it take to receive a bitumen shipment in Yerevan?
From Iran, delivery takes 7–14 days door-to-door including customs. From Russia via Upper Lars, expect 18–25 days, with potential 5–10 day delays in winter.
Q5: What is the minimum order quantity for bitumen in Yerevan?
Most Yerevan traders sell from one truckload (22–24 MT). Direct refinery purchases typically require 200 MT minimum, while online B2B platforms may allow split loads from 10 MT at a small premium.
Calculate Your Exact Yerevan Bitumen Cost with 6Tar
Prices shift weekly with Brent crude, AMD exchange rates, and Iranian supply. Instead of relying on stale quotes, use the 6Tar cost calculator to get a live landed-cost estimate for bitumen delivered to Yerevan — factoring origin, grade, volume, packaging, and payment terms. Enter your tonnage, pick your grade, and see your exact cost per MT in seconds. Request a quote today and lock your Q3 2025 pricing before the winter premium kicks in.