Europe’s Bitumen Struggles Severely Under New Tariffs

Report Summary

Bitumen cargo prices significantly impacted this past week, driven by concerns surrounding global oil demand and the economic fallout from the US’s new import tariffs. These developments dampened optimism in international trade. While cargo prices dropped, most truck rates held firm as seasonal demand slowly ramped up and supply availability remained constrained. In contrast, Rotterdam and Baltic FOB cargoes experienced a jump, with both increasing by $7 to 8 per ton. The FOB Rotterdam HSFO climbed to $30 to $ 35 per ton, and the Baltic reached $20 to $ 25 per ton. Despite these regional tips, bitumen cargo prices dropped by approximately $40 per ton in the week ending 11 April compared to the previous week.

Stability through Funding Doubts in the UK

While UK truck prices remained unchanged at $545 to 563 per ton, market insiders foresee a likely drop in future demand. The reason is a persistent lack of government investment in highway and road development projects.

Demand Rises in France

Truck prices in the north and centre remained steady at $541 to 552 per ton, while the south recorded prices of $530 to 541 per ton.
These values reflected a $16 to 21/ per ton decrease from early April, as April’s monthly price followed March’s levels.

Poland Waits for Change

Polish truck rates held steady at $487 to 498 per ton, with overall demand still sluggish. However, optimism remains, as contractors expect paving projects to regain speed after Easter.

Slight Drop in the Czech Republic

Czech truck rates edged down by $5 per ton, settling between $482 and 493 per ton. While construction activity remained muted, warmer weather will recharge demand in the coming weeks.


Cold Weather Slows Repairs in Ukraine


Ukraine’s bitumen demand fell last week due to an unexpected cold breeze that slowed roadwork. Still, domestic bitumen purchases saw a small uptick as traders pre-stocked ahead of improved conditions.


A Cooling After One Year in Romania


Romania’s market may cool off after a year of massive highway investments. With new budget priorities in place, bitumen demand is projected to decrease. Truck prices remained stable at $514 to 525 per ton.

Hungary Holds the Line


Hungarian truck rates stayed flat at $482 to 493 per ton since market players waited for more compatible spring demand to emerge.

Bitumen Price In Europe

Updated on April 15, 2025

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