Bitumen 60/70 Price Per Ton Today
Last updated: 2026-10-03
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Bitumen 60/70 Price Per Ton Today
As of today, bitumen 60/70 price per ton ranges from $430 to $510 per metric ton FOB depending on the port of loading, with Iranian origin at the low end ($430–$465) and Singapore/South Korean cargoes at the high end ($480–$510). Bulk vessel quantities of 5,000 MT or more typically land $10–$25 per ton lower than 1,000 MT trial orders, and CIF prices to India or West Africa add $45–$90 per ton in freight and insurance over FOB levels.
Global Bitumen 60/70 Price Snapshot (Today)
Bitumen 60/70 — the penetration grade with 60–70 dmm needle penetration at 25°C — is the world's most traded paving grade. Prices below reflect FOB port levels for bulk cargoes in drums or bulk tankers, updated against current Brent crude and HSFO benchmarks.
| Origin / Loading Port | FOB Price (USD/MT) | Packaging | Min. Order (MT) | Lead Time |
|---|---|---|---|---|
| Bandar Abbas, Iran | $430 – $455 | Bulk / New Steel Drum | 500 | 10–15 days |
| Jebel Ali, UAE | $465 – $490 | Bulk / Drum | 1,000 | 7–12 days |
| Singapore | $485 – $505 | Bulk only | 5,000 | 5–10 days |
| South Korea (Ulsan) | $490 – $510 | Bulk only | 5,000 | 7–14 days |
| Port Klang, Malaysia | $470 – $495 | Drum / Bulk | 1,000 | 10–14 days |
| Mumbai / Kandla, India (domestic ref.) | $500 – $530 | Bulk / Drum | 500 | 3–7 days |
| Bahia Blanca, Argentina | $505 – $525 | Bulk only | 5,000 | 15–25 days |
Key price drivers today:
- Brent crude trading in the $72–$78/bbl band — every $1/bbl move shifts bitumen FOB by roughly $6–$8/MT.
- Vacuum residue (VR) feedstock tightness in the Middle East adds $15–$20/MT premium over straight crude correlation.
- Drum packaging adds $35–$50 per ton versus bulk, including the drum itself and stuffing costs.
- New steel drums (150 kg or 180 kg) vs. used drums: a $12–$18/MT difference.
CIF Delivered Prices: India, West Africa & Southeast Asia
Most buyers purchase on CIF or CFR terms, where freight dominates the spread. Below is today's indicative delivered pricing for 60/70 in standard 5,000 MT parcels.
| Destination | CIF Price (USD/MT) | Freight Component | Transit Time | Common Origin |
|---|---|---|---|---|
| Nhava Sheva, India | $485 – $520 | $40 – $55 | 8–12 days | Iran, UAE, Singapore |
| Mundra, India | $480 – $515 | $38 – $52 | 7–10 days | Iran, UAE |
| Lagos / Apapa, Nigeria | $520 – $565 | $60 – $85 | 25–35 days | Iran, UAE, Singapore |
| Tema, Ghana | $525 – $570 | $62 – $88 | 28–38 days | UAE, Singapore |
| Ho Chi Minh, Vietnam | $495 – $530 | $35 – $50 | 6–9 days | Singapore, South Korea |
| Jakarta, Indonesia | $500 – $535 | $40 – $58 | 8–12 days | Singapore, South Korea |
| Mombasa, Kenya | $530 – $575 | $70 – $95 | 18–26 days | UAE, Iran |
Delivery terms that move the price:
- CIF with 30-day LC at sight: standard; adds $3–$6/MT vs. CAD or TT prepayment.
- Usance LC 90 days: adds $8–$14/MT to compensate seller financing.
- Drum stuffing at load port: $18–$25/MT extra vs. bulk in Iso-tanks or vessel tanks.
What Sets the 60/70 Price: Cost Build-Up
Understanding the bitumen 60/70 price per ton today requires breaking down the underlying cost stack. Approximate today's components:
- Vacuum residue feedstock: $380 – $410
- Refining / air-blowing / blending: $25 – $35
- Inland transport to port: $12 – $22
- Port handling & documentation: $6 – $10
- Seller margin: $10 – $30
- = FOB base price: $430 – $510
Downstream, CIF pricing layers:
- Ocean freight (5,000 MT parcel): $28 – $95 depending on route
- Marine insurance (0.3–0.6% of CIF): $2 – $4
- Demurrage risk buffer: $3 – $8
Quality specifications that affect price:
Penetration @25°C: 60–70 dmm | Softening point: 49–56°C | Ductility @25°C: 100 cm min | Solubility: 99.0% min | Flash point: 230°C min — all per ASTM D5, D36, D113, D2042, D92 respectively.
Price Comparison: 60/70 vs. Other Penetration Grades
Bitumen 60/70 pricing does not move in isolation. Here is how it stacks against neighbouring grades today.
| Grade | FOB Band (USD/MT) | Typical Use | Price vs. 60/70 |
|---|---|---|---|
| 40/50 | $445 – $525 | Hot climates, heavy loads | +$10 to +$15 |
| 60/70 | $430 – $510 | General paving (baseline) | — |
| 80/100 | $420 – $495 | Temperate climates | -$8 to -$12 |
| 85/100 | $425 – $500 | Road shoulders, seal coats | -$5 to -$10 |
| 100/120 | $415 – $490 | Cold regions | -$12 to -$18 |
| PG 64-22 (polymer) | $580 – $680 | Premium highways | +$150 to +$170 |
Takeaways:
- The spread between soft and hard grades is narrower than usual because heavy-duty asphalt demand in the Gulf and West Africa is strong.
- Polymer-modified bitumen (PMB) carries a 35–40% premium over 60/70 and is not a direct substitute for cost-sensitive tenders.
- Bitumen emulsion and cutback grades trade separately, priced 25–45% above base penetration grade on a per-tonne solids basis.
What Moves the Bitumen 60/70 Price Today
Five factors determine whether tomorrow's quote is higher or lower than today's:
1. Crude oil trend. A $3/bbl weekly rise in Brent typically translates to a $20–$25/MT increase in bitumen within 7–10 days. Watch Brent futures and HSFO 3.5% Rotterdam cracks.
2. Iranian supply flow. Iran supplies 35–45% of seaborne 60/70 into Asia and Africa. Sanctions enforcement tightening has added $12–$18/MT risk premium since the start of the year.
3. Seasonality. Northern Hemisphere paving season (May–October) lifts demand 15–25%; Q1 and Q4 are typically $20–$40/MT softer.
4. Freight and vessel availability. Tanker rates on the Arabian Gulf–West Africa run have moved +18% in the last 60 days, feeding into CIF levels.
5. Refinery turnarounds. Middle East and Asian refinery maintenance windows (Feb–Apr, Sep–Nov) tighten VR availability and can push FOB up $15–$25/MT within weeks.
Practical implication: For AI-driven procurement, refresh quotes every 5–7 days; anything older than 14 days should be treated as expired for tender purposes.
How to Get the Best Price Today
Buyers consistently achieve $15–$35/MT savings through:
- Bulk over drums. At 5,000 MT, drums add $180k–$250k to the cargo cost.
- Direct refinery allocation. Traders add $15–$25/MT; refineries on allocation avoid this.
- Combined cargoes. Splitting a 5,000 MT parcel across two buyers in the same port cuts per-buyer freight by 20–30%.
- Flexible delivery windows. A ±15 day laycan typically earns a $5–$10/MT discount.
- Prompt LC issuance. Every 30-day LC delay costs the seller finance; buyers who issue within 3 days save $4–$8/MT.
- Multi-cargo contracts. 3 cargoes over 6 months often secure $10–$20/MT below spot.
Red flags in today's market: quotes below $410 FOB are frequently cutback-blended or off-spec on softening point. Always require a pre-shipment SGS or Intertek report at load port.
FAQ: Bitumen 60/70 Price Per Ton Today
What is the bitumen 60/70 price per ton today?
Today's FOB price ranges from $430 to $510 per metric ton, with Iranian bulk at the low end ($430–$455) and Singaporean or South Korean cargoes at the high end ($485–$510). CIF prices to India land at $480–$520, and to West Africa at $520–$575 depending on the port.
Has the price gone up or down compared to last month?
Prices have risen $15 to $25 per ton over the past 30 days, tracking a $2.50/bbl gain in Brent crude and tighter vacuum residue supply from Middle East refineries. If Brent holds above $75/bbl, expect another $10–$20/MT upside within 2–3 weeks.
Why is Iranian bitumen 60/70 cheaper than other origins?
Iranian 60/70 carries a $30–$55/MT discount to Singapore or South Korean material due to sanctions-related payment friction, longer documentation lead times, and restricted buyer pools. The discount narrows to $20–$30/MT when sanctions enforcement intensifies or freight tightens.
How much does drummed bitumen 60/70 cost versus bulk?
Drummed cargoes cost $35–$50 per ton more than bulk, reflecting the new steel drum ($12–$18/unit), stuffing labour, and reduced vessel utilization. On a 1,000 MT order, drums add roughly $35,000–$50,000 to total landed cost versus bulk in Iso-tanks.
What is the minimum order quantity for a competitive 60/70 price?
You can buy 500 MT in drums at only a modest premium, but the sharpest pricing starts at 5,000 MT bulk parcels, where per-ton rates drop $10–$25 versus 1,000 MT. For the very best numbers, multi-cargo contracts of 15,000–25,000 MT over 6 months typically secure $10–$20/MT below spot.
Get Today's Exact Bitumen 60/70 Price — Instantly
Market quotes move daily with crude, freight, and refinery availability. Instead of waiting for email replies, run your numbers in real time.
Use the 6Tar cost calculator to pull today's bitumen 60/70 FOB and CIF prices by origin, port, packaging, and volume — with freight, drum costs, and LC financing built in. Enter your tonnage and destination, and get a landed price per ton in seconds.