Join our newsletter
Enter your email for weekly bitumen price updates & trends.
The East Asian bitumen market remained relatively stable at the end of May, although supply conditions and cargo availability continue to play a more important role than price alone. Current market indications show FOB Singapore at $566–575/MT and FOB South Korea at $540–550/MT, while CFR East China prices moved higher and Indonesia Ex-Works prices saw...
The East Asian bitumen market remained relatively stable at the end of May, although supply conditions and cargo availability continue to play a more important role than price alone. Current market indications show FOB Singapore at $566–575/MT and FOB South Korea at $540–550/MT, while CFR East China prices moved higher and Indonesia Ex-Works prices saw a slight correction.
CFR East China prices increased, supported by steady demand. However, ongoing rainy weather continues to slow some construction activity, keeping buyers cautious. Purchasing decisions remain focused on realistic and deliverable offers rather than price alone.
Market activity remains relatively calm, but buyers continue to evaluate origin, delivery schedules, and final landed costs. Negotiations remain active for competitive and reliable supply.
FOB Singapore is assessed at $566–575/MT. While price increases have been limited, supply remains tight due to feedstock constraints. Singapore continues to serve as the main benchmark for regional pricing.
FOB South Korea increased to $540–550/MT. Limited June-loading availability is supporting the market and keeping buyer attention focused on securing cargoes early.
Buyers remain active but selective. Interest is concentrated on offers with competitive pricing, suitable laycans, and reliable execution.
Domestic prices remain high, although a slight downward correction was observed. Buyers continue to monitor market timing carefully, balancing purchasing needs against downstream demand conditions.
Thailand is gaining attention as an alternative origin, particularly as supply remains tight in Singapore and South Korea. Its competitiveness depends heavily on destination, freight costs, and delivery requirements.
The key message from the East Asian market this week is that availability and execution remain more important than headline prices. Buyers are increasingly focused on securing reliable cargoes from origins that can meet delivery requirements, rather than simply pursuing the lowest offer.
Send a message on WhatsApp to receive further information.
Curious to see more, discover more articles, and stay up-to-date?
