Bitumen Price in Thailand Today
Last updated: 2026-10-03
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Bitumen Price in Thailand Today
Bitumen price in Thailand today ranges from THB 18,500 to THB 22,400 per metric ton (USD 515–625/MT) for penetration grade 60/70, depending on volume, origin, and delivery terms. Bulk imports of 5,000 MT or more from the Middle East (Iran, UAE, Saudi Arabia) land at approximately USD 520–545/MT CIF Bangkok, while Singapore-origin material and drummed cargoes command a premium of USD 25–60/MT. Prices have moved within a ±3.5% band over the past 30 days, tracking Brent crude and the THB/USD exchange rate at roughly 35.8–36.4.
Thailand Bitumen Price Snapshot (Updated This Week)
The table below reflects ex-warehouse and CIF Bangkok indications collected from Thai importers, refineries, and trading desks. All figures are per metric ton unless stated otherwise.
| Product | Origin | Basis | Price (THB/MT) | Price (USD/MT) |
|---|---|---|---|---|
| Pen 60/70 (bulk) | Iran | CIF Bangkok | 18,600–19,400 | 515–535 |
| Pen 60/70 (bulk) | UAE / Saudi | CIF Bangkok | 19,100–20,000 | 530–550 |
| Pen 60/70 (bulk) | Singapore | CIF Bangkok | 20,300–21,300 | 562–590 |
| Pen 60/70 (drummed) | Various | Ex-warehouse | 21,400–22,400 | 592–625 |
| Pen 80/100 (bulk) | Middle East | CIF Bangkok | 18,900–19,800 | 523–548 |
| Cutback / Emulsion | Local blend | Ex-works | 23,000–26,500 | 637–735 |
| PG 64-22 (polymer mod.) | Regional | CIF Bangkok | 24,500–27,800 | 678–769 |
Key observations:
- The spread between bulk and drummed cargoes is USD 55–80/MT, driven by drum costs (USD 18–22 per drum), handling, and storage inefficiency.
- Iran-origin bitumen remains the cheapest landed option in Thailand because of competitive FOB pricing from Bandar Abbas and established breakbulk logistics via Malaysia.
- Prices are quoted CIF Bangkok or Laem Chabang; upcountry delivery (Khon Kaen, Chiang Mai, Hat Yai) adds THB 350–700/MT in trucking.
- Payment terms matter: LC at sight gets the base price, while 30–60 day credit usually adds 1.5–3.0% to the quote.
What Drives Bitumen Prices in Thailand Right Now
Four factors are setting today's Thai bitumen price. Understanding them helps buyers time procurement and negotiate better.
- Crude oil benchmarks: Brent at USD 78–83/bbl translates to a bitumen feedstock cost of roughly USD 440–470/MT. Every USD 5/bbl move in Brent shifts bitumen by USD 28–34/MT within two to three weeks.
- THB/USD exchange rate: The baht sits near 36.0–36.4. A 1.0 baht depreciation adds approximately THB 500/MT to imported bitumen. This is the single most underestimated cost driver for Thai buyers.
- Freight and vessel availability: Middle East–Thailand bulk freight runs USD 32–48/MT on 5,000–10,000 MT parcels. Rates spike 20–35% during Q4 when tanker demand peaks.
- Thai construction seasonality: Demand peaks from November to April (dry season road paving). Prices typically firm 2–4% in November–December and soften 3–5% in June–August during the monsoon slowdown.
- Import duty and VAT: Thailand applies 0% import duty on bitumen under HS 2713.20, but 7% VAT applies on the CIF value plus landed costs. This is recoverable for registered VAT operators but is a real cash-flow line item.
Thailand vs Regional Bitumen Prices (Comparison)
Thai buyers often benchmark against Malaysia, Vietnam, and Singapore. Here is how the numbers stack up for Pen 60/70 bulk CIF.
| Market | Price (USD/MT) | vs Thailand | Notes |
|---|---|---|---|
| Thailand (Bangkok CIF) | 515–550 | Baseline | Iran/UAE dominant |
| Malaysia (Port Klang) | 505–535 | -1.5% to -3% | Strong Iranian breakbulk |
| Vietnam (Ho Chi Minh) | 520–558 | +0.5% to +1.5% | Korean/Thai resale |
| Singapore (Jurong) | 555–590 | +7% to +9% | Refinery premium |
| Indonesia (Surabaya) | 530–570 | +2% to +4% | Freight disadvantage |
| India (Mundra) | 490–520 | -5% to -8% | HPCL/IOC refinery supply |
Takeaways for Thai buyers:
- Malaysia is the cheapest regional source but requires cross-border logistics or transshipment, adding 3–7 days and THB 250–500/MT.
- Singapore material is 7–9% more expensive but offers consistent quality certificates and faster lead times (4–6 days vs 12–18 days from the Middle East).
- Indian refinery cargoes are the lowest-cost option where specification and payment terms allow, especially for high-volume state projects.
Price Forecast: Next 30–90 Days
Based on crude forward curves, freight indications, and Thai construction demand, here is the working forecast.
| Period | Expected Range (USD/MT CIF Bangkok) | Direction | Confidence |
|---|---|---|---|
| Next 30 days | 518–552 | Stable, mild upside | High |
| Days 31–60 | 525–565 | Firming | Medium-High |
| Days 61–90 | 530–575 | Upward bias | Medium |
| Q1 next year | 540–590 | Seasonal peak | Medium |
What would change this view:
- Brent above USD 88/bbl: Adds USD 35–50/MT within three weeks.
- THB weakening past 37.0: Adds THB 500–700/MT to landed cost.
- New Iranian supply sanctions or logistics disruption: Could add USD 30–45/MT overnight on Middle East cargoes.
- Monsoon demand collapse: Would cap increases at 1–2% even if crude rises.
For buyers, the practical implication is straightforward: lock forward volumes for Q4 before October, when freight and seasonal premiums typically align upward.
How to Buy Bitumen in Thailand at the Best Price
Six levers consistently reduce landed cost. Thai contractors and importers should systematically work each one.
- Increase parcel size. Moving from 1,000 MT to 5,000 MT parcels cuts freight per ton by USD 8–14/MT and improves negotiating leverage on FOB pricing.
- Buy on FOB and arrange freight yourself. Direct FOB Bandar Abbas at USD 445–475/MT plus controlled freight can beat CIF quotes by USD 12–22/MT — if you have reliable shipping relationships.
- Use LC at sight instead of credit terms. Saves the 1.5–3.0% credit premium, which equals THB 280–670/MT.
- Time purchases to June–August. Monsoon-season pricing is typically 3–5% lower than dry-season peaks.
- Verify quality certificates upfront. Failed viscosity or penetration tests cost THB 800–1,200/MT in rework, blending, or rejection — far more than any price negotiation gains.
- Consolidate inland delivery. Pooling loads to the same upcountry province can cut trucking from THB 700/MT to THB 400/MT.
FAQ: Bitumen Price in Thailand Today
What is the current bitumen price in Thailand per ton?
Pen 60/70 bulk bitumen lands at THB 18,600–20,000/MT (USD 515–550/MT) CIF Bangkok for Middle East origin, while drummed material runs THB 21,400–22,400/MT. Singapore-origin cargoes sit at the top of the range at USD 562–590/MT.
Is bitumen cheaper in Thailand than in neighboring countries?
Thailand is 1.5–3% more expensive than Malaysia but 7–9% cheaper than Singapore and 2–4% cheaper than Indonesia. Against India, Thai prices run 5–8% higher due to refinery economics and freight direction.
How much does the exchange rate affect bitumen price in Thailand?
A 1.0 baht depreciation against the USD adds roughly THB 500/MT to imported bitumen, or about 2.5–2.7% at current price levels. Because Thailand imports the majority of its bitumen, the THB/USD rate is nearly as important as crude oil itself.
When is the best time to buy bitumen in Thailand?
The June–August monsoon window offers the lowest prices, typically 3–5% below dry-season peaks. Conversely, November–January is the most expensive period due to peak road construction demand and higher tanker freight rates.
What is the price difference between bulk and drummed bitumen in Thailand?
The gap runs USD 55–80/MT (THB 2,000–2,900/MT), reflecting drum costs of USD 18–22 each, plus extra handling, storage, and slower discharge. Bulk is always cheaper for volumes above 500 MT, while drums suit remote sites and small paving jobs.
Calculate Your Exact Thai Bitumen Landed Cost
Quoted prices rarely reflect what you actually pay. Freight, VAT, inland trucking, credit terms, and quality adjustments can swing your true cost by THB 1,200–2,800/MT versus the headline number.
Use the 6Tar cost calculator to model your specific route, volume, payment terms, and delivery point — and see your real landed cost per ton in seconds. Stop negotiating against a benchmark that doesn't match your cargo.