Bitumen Price in Russia Today
Last updated: 2026-10-03
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Bitumen Price in Russia Today
As of November 2024, the average wholesale price of bitumen in Russia is 34,500–41,000 RUB per tonne (approximately $355–$420 USD/tonne), depending on grade and region. Export-grade bitumen (penetration 50/70 and 60/70) from Russian refineries is currently quoted at $340–$395 per tonne FOB Novorossiysk, a 6–9% decrease compared to Q3 2024. Domestic road-grade bitumen (BN 90/130, BN 70/100) is trading at 36,200–38,800 RUB/tonne ex-works, reflecting a 4.2% month-over-month drop driven by seasonal demand slowdown.
Russian Bitumen Price Table by Grade (November 2024)
| Grade (GOST 22245-90) | Penetration | Price (RUB/tonne) | Price (USD/tonne) | Change vs Oct 2024 |
|---|---|---|---|---|
| BN 90/130 (road) | 90–130 | 34,500–36,000 | 355–370 | ↓ 5.1% |
| BN 70/100 (road) | 70–100 | 36,200–38,800 | 372–399 | ↓ 4.2% |
| BN 50/70 (export) | 50–70 | 38,500–41,000 | 395–420 | ↓ 6.8% |
| BND 60/90 (polymer) | 60–90 | 47,000–52,000 | 483–535 | ↓ 3.4% |
| BND 40/60 (PG-grade) | 40–60 | 51,500–56,000 | 530–575 | ↓ 2.9% |
| Construction-grade (BN 200/300) | 200–300 | 28,900–31,500 | 297–324 | ↓ 7.3% |
Exchange rate used: 1 USD = 97.5 RUB (CBR rate, mid-November 2024)
Key observations:
- Export-grade bitumen carries a $25–$40/tonne premium over domestic road grades due to higher oxidation standards.
- Polymer-modified bitumen (PMB) holds a 35–40% price premium over conventional grades.
- Prices are FOB/EXW and exclude logistics; delivered cost to Moscow adds 2,800–4,200 RUB/tonne.
Regional Price Breakdown: Where Is Russian Bitumen Cheapest Today?
Bitumen pricing varies significantly across Russia's federal districts due to refinery proximity, logistics costs, and local competition. The Volga and Central Federal Districts offer the lowest prices, while Far East and Siberian buyers pay a premium of 18–27% due to rail transport distances.
| Federal District | Key Refineries | Avg. Price (RUB/tonne) | Premium vs Baseline |
|---|---|---|---|
| Volga (Privolzhsky) | TAIF, Lukoil-Nizhegorodnefteorgsintez | 33,800–36,200 | Baseline |
| Central (CFO) | Moscow, Ryazan TNK | 34,900–37,600 | +3.2% |
| Southern (YuFO) | Rosneft Tuapse, Afipsky | 36,500–39,000 | +7.9% |
| Ural (UrFO) | Gazprom Neft Omsk, Ufa | 37,200–40,100 | +10.7% |
| Siberian (SFO) | Achinsk, Angarsk | 39,800–43,500 | +18.4% |
| Far Eastern (DFO) | Khabarovsk, Nakhodka | 42,000–46,800 | +26.8% |
Why the spread matters for buyers:
- A 1,000-tonne order sourced from the Volga District instead of the Far East saves 8.2–10.4 million RUB (~$84,000–$107,000).
- Rail transport from Ufa to Khabarovsk adds 6,800–8,200 RUB/tonne, explaining the Far East premium.
- Export buyers should prioritize Novorossiysk, Tuapse, and Ust-Luga terminals for FOB pricing.
What Drives Bitumen Price in Russia Today? 5 Key Factors
Russian bitumen prices respond to a mix of domestic refining economics, export policy, and seasonal construction cycles. Here are the dominant drivers in Q4 2024:
Road construction in Russia drops 60–70% between November and March. This seasonal dip typically pushes domestic bitumen prices down 8–14% from September peaks. In 2024, the decline began earlier (late September) due to an early frost in the Central and Ural regions.
Russian refineries produced 7.8 million tonnes of bitumen in 2023. In 2024, output is projected at 7.6–7.9 million tonnes, a flat-to-slightly-negative trend. Uptime disruptions at TAIF, Gazprom Neft Omsk, and Rosneft Angarsk have created localized shortages, adding 1,500–2,500 RUB/tonne to spot prices in affected regions.
Russia imposes a variable export duty on bitumen, currently at $18–$24/tonne depending on the reference price. Since 2023, the Ministry of Energy has used export quotas (seasonal bans) to prioritize domestic supply during peak road-building season (May–September). These quotas lift domestic prices in summer but suppress them in winter.
A 10% ruble depreciation against the USD typically raises the ruble-denominated export parity price by 8–9%. In November 2024, the ruble traded at 97.5 RUB/USD, down from 88.5 in July, which has kept export-grade bitumen ruble prices elevated even as global benchmarks softened.
Russian export prices track Singapore (CIF) and Rotterdam (FOB) benchmarks with a $40–$65/tonne discount due to sanctions-related logistics and insurance costs. As of November 2024:
- Singapore CIF: $435–$455/tonne
- Rotterdam FOB: $420–$440/tonne
- Russian FOB Novorossiysk: $340–$395/tonne
Russian Bitumen vs Global Benchmarks: November 2024 Comparison
| Market | Price (USD/tonne) | Vs Russian FOB | Notes |
|---|---|---|---|
| Russia (FOB Novorossiysk) | 340–395 | Baseline | 50/70, 60/70 grades |
| Russia (Domestic EXW) | 355–420 | +4–7% | Includes VAT, RUB-denominated |
| Singapore (CIF) | 435–455 | +12–17% | Middle East origin |
| Rotterdam (FOB) | 420–440 | +11–14% | EU refinery supply |
| South Korea (FOB) | 410–430 | +7–11% | Export-oriented |
| India (Domestic) | 480–520 | +25–35% | Import-dependent market |
| Turkey (CIF) | 445–470 | +13–21% | Major Russian buyer |
Strategic takeaway for buyers:
- Russian bitumen remains the most cost-competitive origin globally, trading at a $40–$65/tonne discount to Singapore/Rotterdam.
- However, sanctions, payment routing (via UAE, Turkey, or China), and freight insurance add $35–$55/tonne to the landed cost for non-CIS buyers.
- Net landed cost to Turkey, Egypt, or India from Novorossiysk is $400–$455/tonne, still 5–12% below alternative origins.
Bitumen Price Forecast for Russia: Q1–Q2 2025
| Period | Expected Price (RUB/tonne) | Expected Price (USD/tonne) | Key Driver |
|---|---|---|---|
| Dec 2024 | 33,000–35,500 | 338–364 | Winter demand trough |
| Jan 2025 | 32,500–35,000 | 333–359 | Holiday shutdowns |
| Feb 2025 | 33,500–36,200 | 344–371 | Pre-season restocking begins |
| Mar 2025 | 36,000–39,000 | 369–400 | Export quota reset, demand recovery |
| Apr 2025 | 38,500–42,000 | 395–431 | Construction season ramp-up |
| May 2025 | 41,000–45,000 | 421–462 | Peak demand, export restrictions |
Forecast assumptions:
- Ruble stays in the 95–100 RUB/USD range.
- No major refinery outages beyond scheduled maintenance.
- Export quotas reintroduced May–September 2025, adding 5–8% to domestic prices.
- Global benchmarks remain stable within ±5%.
Bottom line: Buyers should lock in Q1 2025 volumes in December 2024–January 2025 to capture the 8–12% seasonal discount before the March–May price rally.
FAQ: Bitumen Price in Russia Today
Q1: What is the current bitumen price in Russia per tonne?
As of November 2024, Russian bitumen prices range from 34,500 to 41,000 RUB per tonne ($355–$420 USD/tonne) depending on grade. Export-grade 50/70 and 60/70 from Novorossiysk is quoted at $340–$395/tonne FOB. Domestic road-grade BN 90/130 averages 36,200 RUB/tonne ex-works.
Q2: Which region in Russia has the cheapest bitumen?
The Volga Federal District offers the lowest prices at 33,800–36,200 RUB/tonne, thanks to proximity to major refineries like TAIF and Lukoil-Nizhegorodnefteorgsintez. The Far East is the most expensive at 42,000–46,800 RUB/tonne, carrying a 26.8% premium due to rail logistics.
Q3: Is Russian bitumen cheaper than Singapore or Rotterdam?
Yes, significantly. Russian FOB Novorossiysk bitumen trades at $340–$395/tonne, which is $40–$65/tonne cheaper than Singapore CIF ($435–$455) and Rotterdam FOB ($420–$440). However, sanctions-related logistics and payment routing add $35–$55/tonne to the landed cost for non-CIS buyers.
Q4: How much does bitumen price drop in winter in Russia?
Russian bitumen prices typically decline 8–14% from September peaks to the January–February trough due to seasonal construction slowdown. In 2024–2025, expect prices to bottom at 32,500–35,000 RUB/tonne in January before recovering in March.
Q5: What is the forecast for bitumen price in Russia in 2025?
Bitumen prices in Russia are forecast to rise from 32,500–35,000 RUB/tonne in January 2025 to 41,000–45,000 RUB/tonne by May 2025, driven by construction season demand and export quota reintroduction. Full-year 2025 average is projected at 38,000–40,500 RUB/tonne ($390–$415 USD/tonne).
Calculate Your Russian Bitumen Import Cost Instantly
Before you commit to a 1,000- or 5,000-tonne order, you need to know your true landed cost — including FOB price, freight, insurance, sanctions-related routing, port fees, and import duties.
Use the 6Tar cost calculator to get a real-time, line-item cost breakdown for Russian bitumen exports to your destination port. Enter your grade, volume, and destination, and receive an instant CIF/DDP quote comparison across Novorossiysk, Tuapse, and Ust-Luga loading terminals.
→ Try the 6Tar Bitumen Cost Calculator now and lock in your Q1 2025 pricing before the seasonal rally.