Bitumen VG30 Price Trend: India Hikes $175

Asia and Middle East Weekly Bitumen Commentary / Asian bitumen supply stays severely constrained / South Korean prices fall on weak Chinese demand / India domestic prices increase sharply April 1

Jun 02, 2026

Asian bitumen markets remained severely constrained in the week ended April 1, with spot liquidity extremely limited. “No trades — more of [a] lack of supplies for both South Korea and Singapore,” a Singapore-based trader said, highlighting the acute shortage in the region. Buyers remained reluctant to commit at elevated prices, further reducing the likelihood of concluded deals. Indicative levels for FOB Singapore PEN 60-70 bitumen were heard at $640-$670/metric ton during the week ended April 1. the grade at $645/mt on April 1, up $3 day over day and $25 week over week. In South Korea, market indications were lower at $530-$550/mt, capped by weak Chinese demand, though sellers were largely absent from the spot market. “Domestic [Chinese] demand is actually not that strong,” a trader in Southeast Asia...

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