Bitumen Price Trend and Forecast

Price-Watch™ provides real-time price assessments and price forecasts for Bitumen across top trading regions:

Bitumen Price Forecasts & Market Foresight Q3 2026

Outlook: Variable, by region

Confidence: High

The global Bitumen market is expected to present a mixed sentiment in Q3 2026. Turkish refinery prices for Izmit and Kirikkale grades are anticipated to remain bearish after sharp corrections from earlier highs, with ample supply and cautious buying weighing on offers.

European FOB Rotterdam and Augusta prices are also expected to stay bearish, following significant downward adjustments in late Q3 as refinery availability improved and demand softened.

In Asia, Singapore and South Korea FOB prices are likely to remain stable to mildly bearish, supported by steady regional demand but capped by adequate supply. Bahrain FOB Sitra is expected to hold stable.

Indian domestic VG-10, VG-30, and VG-40 prices are anticipated to remain stable at elevated levels, supported by infrastructure spending and steady asphalt demand, although further upside may be limited.

Overall, the market outlook for Bitumen remains mixed, with downside risks concentrated in Turkey and Europe and stability in Asia and India.

Global Bitumen Market Overview by Region (July–September 2026)

*Bitumen Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ Bitumen Forecast

Access comprehensive Bitumen market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ Bitumen Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in crude oil and vacuum residue feedstock costs, refinery operating rates, plant outages, inventory levels, trade flows, freight rates, regional demand from the road construction and infrastructure sectors, and geopolitical developments affecting the global Bitumen market.

Our Proprietary Hybrid Forecasting Model Evaluates:

• Feedstock & production economics (Crude Oil, Vacuum Residue, Bitumen feedstock)
• Refinery operating rates & outages in the bitumen and asphalt industries
• Inventory and supply-demand balance across global hubs
• Regional trade flows & freight (bulk shipping and ISO tanks)
• Import-export dynamics, particularly from Singapore, South Korea, Bahrain, Turkey, and Europe
• Macroeconomic & geopolitical developments affecting infrastructure and road construction

Track Supply Chain Disruptions in Real Time

As geopolitical risks and energy transition policies continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring refinery shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact Bitumen markets.

Access the Price Watch™ GIO Tracker

Bitumen Price Trend Q2 2026

During Q2 2026, Bitumen prices across global markets has been exhibiting a broadly mixed to bearish trend, shaped by a combination of geopolitical risk unwinding, crude oil volatility, and regional supply normalization, while the Bitumen Price Index consolidated these divergent forces into a single aggregate measure.

India has been recording notable price escalation for VG-10 Ex-Mathura despite global bearish cues, as persistent US-Iran conflict disruptions and acute domestic supply shortages has been driving crisis-driven procurement and panic stockpiling throughout the quarter.

Meanwhile, Singapore, South Korea, Netherlands, Italy, and Turkey have been experiencing sharp price corrections ranging from 11.8% to 31.5% QoQ, as post-crisis destocking, fading risk premiums, and resurgent Iranian and Turkish export volumes has been facilitating aggressive downward adjustments across spot assessments.

Bahrain has been holding flat at approximately 0.0% QoQ, as state-controlled pricing mechanisms and long-term contract structures has been insulating the grade from extreme volatility.

The Bitumen price trend across regions, as captured by the Bitumen Price Chart, has been underscoring the growing influence of geopolitical normalization and inventory liquidation on global market pricing throughout the quarter.

India: Bitumen Domestic Prices Ex-Mathura, India, Grade- VG-10

In Q2 2026, bitumen price trend in india (Ex-Mathura) has been recording an upward movement of approximately 57.8% QoQ, as the escalation of US-Iran conflict disruptions and record crude oil benchmarks has been exerting persistent upward forces on the market, with acute domestic supply shortages and panic-driven stockpiling having been broadly amplifying emerging input pressures.

The bitumen price trend in india has been reflecting a crisis-driven procurement environment where buyers and producers has been navigating severely constrained refinery availability and unprecedented import cost surges with notable net price escalation during the quarter.

Bitumen VG-10 prices have been trending higher as disrupted shipping routes and soaring international bulk bitumen premiums has been facilitating sharper adjustments.

In June 2026, bitumen price trend in india have been easing by around 3.25% MoM, as initial panic buying has begun to subside and tentative alternative supply arrangements has been beginning to transmit a degree of stability into spot pricing during the month.

Singapore: Bitumen (BULK) 60/70 FOB Singapore

In Q2 2026, Bitumen 60/70 FOB Singapore price has been declining by approximately 11.8% QoQ, as easing US‑Iran tensions and a wave of destocking among Asian buyers has been weighing heavily on spot assessments, with the unwinding of earlier risk premiums having been broadly amplifying downward corrections.

The Bitumen 60/70 price trend in Singapore has been reflecting a cautious procurement environment where traders and end-users has been navigating volatile crude benchmarks and softening seasonal road laying demand with notable net price erosion during the quarter.

Bitumen 60/70 prices have been trending lower as regional refinery run cuts and sluggish construction activity has been facilitating rapid adjustments. In June 2026, Bitumen 60/70 prices in Singapore have been falling by around 13.4% MoM, as fading supply disruption fears have been intensifying long liquidation and has been beginning to transmit more forcefully into spot pricing during the month.

South Korea: Bitumen (BULK) 60/70 FOB Ulsan

In Q2 2026, Bitumen prices in South Korea have been declining by approximately 24.5% QoQ, as geopolitical risk retreat and a sharp correction in Middle Eastern crude premiums has been exerting heavy downward pressure, with post‑crisis inventory dumps having been broadly amplifying the sell‑off.

The Bitumen 60/70 price trend in in South Korea has been reflecting a risk‑off procurement environment where South Korean refiners and regional buyers has been navigating collapsing freight rates and sluggish Chinese demand with notable net price erosion during the quarter.

Bitumen 60/70 prices in South Korea have been trending lower as ample export availability and weakening naphtha‑crack spreads has been facilitating aggressive adjustments.

In June 2026, Bitumen 60/70 prices in in South Korea have been plunging by around 19.3% MoM, as the unwinding of war‑risk bids has been intensifying spot market liquidation and has been beginning to transmit more forcefully into spot pricing during the month.

Bahrain: Bitumen (BULK) 60/70 FOB Sitra

In Q2 2026, Bitumen 60/70 prices in Bahrain has been holding flat at approximately 0.0% QoQ, as Bahrain’s state-controlled pricing mechanism and long‑term supply contracts has been insulating the grade from extreme global volatility, with steady term offtake from Indian and African buyers having been broadly neutralizing external shocks.

The Bitumen 60/70 price trend in Bahrain has been reflecting a stable, formula‑driven procurement environment where producers and term customers has been navigating geopolitical headwinds and freight disruptions with notable price rigidity during the quarter.

Bitumen 60/70 prices have been trending sideways as Bapco’s regular refinery operations and fixed price supply agreements has been facilitating minimal adjustments.

In June 2026, Bitumen 60/70 prices in Bahrain have been unchanged MoM, as OSP‑linked valuations has been insulating spot pricing and has been beginning to transmit more forcefully into contract settlements during the month.

Netherlands: Bitumen (BULK) 60/70 FOB Rotterdam

In Q2 2026, Bitumen 60/70 prices in the Netherlands has been declining by approximately 24.0% QoQ, as the rapid de-escalation of the Iran conflict and a flood of redirected cargoes from the Middle East has been exerting bearish forces, with European refinery restarts having been broadly amplifying the supply overhang.

The Bitumen 60/70 price trend in the Netherlands has been reflecting a heavily destocking procurement environment where traders and contractors has been navigating collapsing Northwest European demand and weakening crude structures with notable net price erosion during the quarter.

Bitumen 60/70 prices have been trending lower as regional inventories has been swelling, and Mediterranean competitors has been facilitating aggressive price cuts.

In June 2026, Bitumen 60/70 prices in the Netherlands have been plunging by around 23.6% MoM, as prompt physical selling has been intensifying a market contango and has been beginning to transmit more forcefully into spot pricing during the month.

Italy: Bitumen (BULK) 60/70 FOB Augusta

In Q2 2026, Bitumen 60/70 prices in Italy has been correcting downward by approximately 24.2% QoQ, as the Mediterranean supply panic of early 2026 has been fading and Turkish export volumes has been recovering sharply, with Greek and Italian refinery restarts having been broadly accelerating the price retreat.

The Bitumen 60/70 price trend in in Italy has been reflecting a normalizing procurement environment where Mediterranean buyers and North African importers has been navigating collapsing freight costs and re-emerging Iranian‑origin barrels via third‑party re‑exports with notable net price erosion during the quarter.

Bitumen 60/70 prices have been trending lower as regional supply has been flooding back, and prompt demand has been failing to absorb volumes.

In June 2026, Bitumen 60/70 prices in Italy have been plummeting by around 22.3% MoM, as the unwinding of crisis‑era stockpiles has been intensifying selling pressure and has been beginning to transmit more forcefully into spot pricing during the month.

Turkey: Bitumen (BULK) 50/70 EX‑Izmit Refinery

In Q2 2026, Bitumen 50/70 prices in Turkey has been declining sharply by approximately 31.5% QoQ, as the post‑crisis normalization of crude markets and a lira‑denominated demand slump has been exerting severe downward pressure, with Turkish exporters having been broadly forced to discount heavily to regain market share.

The Bitumen 50/70 price trend in in Turkey has been reflecting a distressed procurement environment where Turkish refiners and international buyers has been navigating collapsing Med benchmarks and resurgent Iranian‑origin competition with notable net price erosion during the quarter.

Bitumen 50/70 prices have been trending lower as domestic inflation and high interest rates has been crushing local asphalt consumption. In June 2026, Bitumen 50/70 prices in in Turkey have been tumbling by around 13.1% MoM, as the fading geopolitical premium has been intensifying export‑led selling and has been beginning to transmit more forcefully into spot pricing during the month.