Iran is a leading hub for high-quality bitumen, offering long-lasting grades suitable for most climates and construction demands. This country exported almost 4.5 million tons of bitumen in 2023, reaching 5 million tons in 2024. Most cargoes were delivered in bulk by vessel. Due to competitive prices and trusted suppliers, Iran bitumen is a preferred choice for global markets.
Iran Bitumen Prices
Generally, Iran bitumen prices are influenced by global market demand, crude oil trends and fluctuations, vacuum bottom price, and regional tensions. Stay updated with real-time data to make informed decisions for your business.
Iran Bitumen Price Today
You can see the Iran bitumen price today below:
Iran Bitumen
Bitumen 60/70
397$ ± 5$
2.8%
12
March
Bitumen 80/100
397$ ± 5$
2.8%
12
March
Iran Bitumen
Bitumen Cutback MC30
636$ ± 5$
1.7%
12
March
Bitumen VG30
397$ ± 3$
2.8%
12
March
Bitumen 60/70 Price in Iran
Iran bitumen has 11% of the market’s trade rate, and that’s why bitumen prices are impacted all over the world by its price. Iran bitumen 60/70 price is the base of pricing calculations for bitumen markets in West Asia, East and South-East Africa.
Iran Bitumen 60/70 Price
New Steel Drum
Bitumen 60/70
397$ ± 5$
2.8%
12
March
Jumbo Bag
Bitumen 60/70
380$ ± 3$
2.9%
12
March
Widely Used Iran Bitumen Grades
Bitumen penetration 60/70 and bitumen penetration 80/100 are the two most notable grades of Iran bitumen.
The majority of countries that imported these grades of Iran bitumen were in Asia. The next rank of Iran’s bitumen import, belonged to African markets.
| Characteristics | Unit | Value | Test Method |
|---|---|---|---|
| Absolute Viscosity, at 60 ◦C | Poise | Min 3200 | ASTM D4402 |
| Kinematic Viscosity, at 135 ◦C | CST | Min 400 | ASTM D2170 |
| Flash Point | °C | Min 220 | ASTM D93 |
| Solubility in Trichloroethylene | %wt | Min 99 | ASTM D2042 |
| Penetration Value, at 25 ◦C | 0.1mm | 40-60 | ASTM D5 |
| Softening Point | °C | Min 25 | ASTM D36 |
| Viscosity Ratio, at 60 ◦C | ◦C | Max 4 | ASTM D4402 |
| Ductility at 25 ◦C | Cm | Min 25 | ASTM D113 |
Iran Bitumen Advantages
Iran bitumen quality is much more pure than bitumen in other markets. Different grades of Iran’s high-standard bitumen are suitable for various types of climates, and that’s why Iran’s bitumen has been supplying most of the market’s construction and road projects bitumen. Nearly 60% of Iran Bitumen’s export destinations were India, followed by China, the United Arab Emirates, West Africa, Latin America, and Australia, which were estimated to be major importers in 2024.
Bitumen generally is an expensive product. Due to the Iran bitumen market’s instability in recent years, and International limitations in exporting Iran’s bitumen, its price is more affordable than that of other producers in this region.
Import Bitumen from Iran
We have prepared a step-by-step guide to simplify importing bitumen from Iran. Follow each step and see the importing process.
| Steps | Description |
|---|---|
| Step 1 | Negotiation on the prices based on the below factors: Cargo type and grade Packing type Quantity Destination port |
| Step 2 | Receiving a letter of intent (LOI) from the customer |
| Step 3 | Issuing proforma invoice (PI) |
| Step 4 | Making advance payment by customer |
| Step 5 | Production, loading, and customs documentation of cargo |
| Step 6 | Providing the customer with BL, commercial invoice, and other required documents |
| Step 7 | Making balance payment by the customer |
| Step 8 | Sending cargo by Exporter Company to the destination port |
| Step 9 | Releasing the cargo after receiving the full payment of other customer |
Iran Bitumen’s import share in each country during the last 10 years is presented below.
India’s Imports from Iran of Bitumen and Asphalt
2012 to 2021
Tanzania’s Imports from Iran of Bitumen and Asphalt
2013 to 2022
China’s Imports from Iran of Bitumen and Asphalt
2014 to 2023
Philippines’s Imports from Iran of Bitumen and Asphalt
2011 to 2020
Indonesia’s Imports from Iran of Bitumen and Asphalt
2009 to 2018
Iran Bitumen Suppliers and Manufacturers
Iran was the fourth country in the world to export different grades of bitumen in 2023. Iran bitumen has been exported to many global markets, such as India, China, And South Africa.
Leading Iran Bitumen suppliers are Jey Oil Refining Company, Pasargad Oil Company, and Infinity Galaxy Company, which export bitumen to most regions.
Complete the contact form below to get the latest prices and expert guidance. Start your import process instantly.
Iran Bitumen Price
Last update: 2025/03/12Bitumen 60/70
397$ ± 5$
2.8%
Bitumen 60/70
405$ ± 3$
2.7%
Bitumen 60/70
405$ ± 3$
2.7%
