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Asphalt Prices, Demand and Supply Overview
Asphalt prices in China surged 44.7% in Q1 2026 to USD 680.00/MT from USD 470.00/MT in Q4 2025, one of the sharpest quarterly moves recorded anywhere in this report, before easing 4.4% in Q2 to USD 650.00/MT as the most acute phase of that spike passed. Germany moved in the opposite direction in Q2, falling 14.5% to USD 470.00/MT as European demand softened and vacuum residue costs eased. Globally, the average fell from USD 587.40/MT in Q1 to USD 553.20/MT in Q2, a 5.8% retreat. For H2 2026, a global average of USD 500.00-620.00/MT is expected, with the crude oil trajectory remaining the dominant swing factor across every region.
Asphalt, also known as bitumen, is the heavy residuum that remains after lighter fractions such as gasoline, diesel, jet fuel, and naphtha are distilled from crude oil, a semi-solid, highly viscous, black hydrocarbon material that softens and flows when heated to around 150 degrees Celsius for construction use. It forms the foundation of modern road transportation infrastructure, serving as the binder mixed with aggregates to produce asphalt concrete for highways, runways, and pavements, alongside roofing materials, waterproofing membranes, and industrial coatings. Crude oil and vacuum residue feedstock costs, seasonal construction demand, and infrastructure spending programs are what drive prices in this market.
Asphalt Price Forecast for 2026
The outlook for Asphalt through H2 2026 points to continued seasonal patterns with a mild firming bias. The US infrastructure project pipeline, Indian highway expansion programs, and European infrastructure spending all support structural demand, even as crude oil trajectory remains the dominant swing factor determining the pace and direction of near-term price movement across every region.
The main upside risk is a further spike in crude oil prices combined with strong seasonal construction demand, which could push prices higher than currently forecast, particularly in Asia given the scale of the recent Chinese move. The main downside risk is a faster-than-expected easing of crude oil costs combined with softer construction activity, which would extend the kind of correction seen in Germany during Q2 2026.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 500.00 - 620.00 | Crude oil trajectory remains the dominant swing factor |
| China | 580.00 - 700.00 | Elevated levels persist after the sharp Q1 spike |
| United States | 510.00 - 580.00 | US infrastructure pipeline supports structural demand |
| India | 510.00 - 580.00 | Highway expansion programs sustain firm demand |
| Germany | 450.00 - 520.00 | Softer demand and easing vacuum residue costs limit gains |
For the Quarter Ending June 2026
Asphalt Prices Q2 2026:
- China: USD 650.00/MT
- United States: USD 545.00/MT
- India: USD 540.00/MT
- Germany: USD 470.00/MT
Asphalt Prices in China
Chinese Asphalt prices averaged USD 650.00/MT in Q2 2026, the highest of any region tracked here, down 4.4% from USD 680.00/MT in Q1, as the most acute phase of an extraordinary Q1 spike began to pass.
Why did the price of Asphalt change in Q2 2026 in China?
High-viscosity bitumen grade demand, particularly from asphaltene-rich formulations within Asia, continued supporting elevated pricing even as the most extreme cost pressure from the Q1 spike began easing.
Asphalt Prices in the United States
US prices averaged USD 545.00/MT in Q2 2026, down 1.8% from USD 555.00/MT in Q1, as seasonal construction demand moderated somewhat from its typical peak.
Why did the price of Asphalt change in Q2 2026 in the United States?
Steady demand tied to the ongoing infrastructure project pipeline kept this market firm, even as the pace of gains moderated as the quarter progressed.
Asphalt Prices in India
Indian prices averaged USD 540.00/MT in Q2 2026, down 3.6% from USD 560.00/MT in Q1, tracking the broader seasonal easing pattern.
Why did the price of Asphalt change in Q2 2026 in India?
Highway expansion programs continued supporting underlying demand, even as prices eased modestly in step with the broader seasonal pattern affecting construction-linked commodities.
Asphalt Prices in Germany
German prices averaged USD 470.00/MT in Q2 2026, down 14.5% from USD 550.00/MT in Q1, as softer downstream demand and easing vacuum residue costs pulled this market down sharply.
Why did the price of Asphalt change in Q2 2026 in Germany?
Resins and aromatics, which equip bitumen with binding characteristics, saw supply disruptions ease in Europe, while feedstock supply chain constraints in the regional petrochemical sector that had driven the earlier spike began resolving, pulling prices down sharply.
For the Quarter Ending March 2026
Asphalt Prices Q1 2026:
- China: USD 680.00/MT
- United States: USD 555.00/MT
- India: USD 560.00/MT
- Germany: USD 550.00/MT
Asphalt Prices in China
Chinese prices surged 44.7% in Q1 2026 to USD 680.00/MT from USD 470.00/MT in Q4 2025, one of the most extraordinary quarterly moves recorded anywhere in this report, as soaring vacuum residue and asphalt prices lifted Asian and Middle Eastern markets.
Why did the price of Asphalt change in Q1 2026 in China?
Soaring vacuum residue and asphalt prices increased bitumen costs sharply in Asian markets, with an almost 6 percent increase attributed to high-viscosity bitumen grade demand from asphaltene-rich formulations, while low-sulphur bitumen carried further price premiums as refineries confronted higher sulphur content from Middle Eastern crudes, requiring greater desulfurization costs.
Asphalt Prices in the United States
US prices eased 0.9% in Q1 2026 to USD 555.00/MT from USD 560.00/MT in Q4 2025, essentially stabilizing after the seasonal Q3 2025 peak and Q4 pullback.
Why did the price of Asphalt change in Q1 2026 in the United States?
Global asphalt prices followed a familiar seasonal-crude arc, having peaked in Q3 2025 as construction demand met firm Brent crude, then declining into Q4 and stabilizing into the new year as the US infrastructure project pipeline continued supporting structural demand.
Asphalt Prices in India
Indian prices rose 12.0% in Q1 2026 to USD 560.00/MT from USD 500.00/MT in Q4 2025, as elevated crude costs and firm highway expansion demand pushed prices higher.
Why did the price of Asphalt change in Q1 2026 in India?
Elevated crude oil prices, tied to the broader Middle East-linked energy market disruption, pushed feedstock costs higher, while highway expansion programs under major infrastructure initiatives kept underlying demand firm.
Asphalt Prices in Germany
German prices rose 12.2% in Q1 2026 to USD 550.00/MT from USD 490.00/MT in Q4 2025, as feedstock supply chain constraints in the European petrochemical sector disrupted resins and aromatics supply.
Why did the price of Asphalt change in Q1 2026 in Germany?
Resins and aromatics, which equip bitumen with binding characteristics, were somewhat disrupted in Europe due to feedstock supply chain constraints in the regional petrochemical sector, pushing prices higher even as low-sulphur bitumen carried a further premium given higher sulphur content in available crude grades.
Quarterly Asphalt Price Trends
Global Asphalt prices followed a familiar seasonal-crude arc through 2025, rising through the first three quarters before declining into Q4, then diverging sharply by region in Q1 2026 as China posted an extraordinary spike tied to high-viscosity bitumen grade demand even as other regions moved more moderately, before a partial reversal took hold in Q2.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q2 2026 | 553.20 | -5.8% | ↓ Falling |
| Q1 2026 | 587.40 | +15.9% | ↑ Rising |
| Q4 2025 | 506.60 | -7.1% | ↓ Falling |
| Q3 2025 | 545.50 | +4.3% | ↑ Rising |
| Q2 2025 | 523.00 | - | — Stable |
| Q3 2026 | In Progress | - | — In Progress |
What was Asphalt Price in 2025?
Asphalt prices held broadly flat to modestly firm across most of the markets covered in this report through 2025, following the seasonal-crude arc typical of this market, with the sharp regional divergence that came to define 2026 only emerging once the Middle East-linked crude oil disruption intensified in the new year.
Asphalt Prices in China in 2025
Chinese prices held essentially flat across 2025, moving from about USD 460.00/MT in Q1 to USD 470.00/MT by Q4, up roughly 2.2%, well before the extraordinary Q1 2026 spike that followed.
Asphalt Prices in the United States in 2025
US prices held essentially flat across 2025, moving from about USD 560.00/MT in Q1 to USD 560.00/MT by Q4, tracking the familiar seasonal-crude arc with a Q3 peak and Q4 pullback.
Asphalt Prices in India in 2025
Indian prices held essentially flat across 2025, moving from about USD 500.00/MT in Q1 to USD 500.00/MT by Q4, tracking the same seasonal pattern before firming sharply in early 2026.
Asphalt Prices in Germany in 2025
German prices held essentially flat across 2025, moving from about USD 480.00/MT in Q1 to USD 490.00/MT by Q4, up roughly 2.1%, before the sharp swings that characterized the first half of 2026.
How We Can Help
Expert Market Research: Your Source for Real-Time Asphalt Price Intelligence
Expert Market Research tracks Asphalt prices continuously across every major producing and consuming region, combining crude oil and vacuum residue feedstock cost data, seasonal construction demand signals, and infrastructure spending program trends into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the seasonal and crude-driven trends covered in this report, and build a defensible view of where this foundational construction material is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.
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Frequently Asked Questions About This Report
It forms the foundation of modern road transportation infrastructure, serving as the binder mixed with aggregates to produce asphalt concrete for highways, runways, and pavements, alongside roofing materials, waterproofing membranes, and industrial coatings.
The Q2 2026 global average was USD 553.20/MT, ranging from USD 470.00/MT in Germany to USD 650.00/MT in China.
The global average rose from USD 506.60/MT in Q4 2025 to USD 587.40/MT in Q1 2026, before easing to USD 553.20/MT in Q2, though this masks an extraordinary Chinese spike that dominated the composite figure.
Soaring vacuum residue and asphalt prices lifted bitumen costs sharply across Asian markets, driven largely by demand for high-viscosity bitumen grades from asphaltene-rich formulations, while refineries also faced greater desulfurization costs given higher sulphur content in available crude grades.
The global average is expected in the USD 500.00-620.00/MT range, with crude oil trajectory remaining the dominant swing factor.
Germany holds the lowest cost among the regions tracked here after its Q2 2026 correction, while China carries the highest cost given the scale of its recent supply-driven spike.
This report is updated monthly. For real-time pricing intelligence, connect with the Expert Market Research team.
Crude oil and vacuum residue feedstock costs, seasonal construction demand, and infrastructure spending programs.
The United States, China, and India all maintain substantial refining capacity tied to their domestic road construction and infrastructure programs, with Canada and Venezuela also significant given their natural bitumen deposits.
Buyers can monitor crude oil price trends and seasonal construction demand patterns given their outsized influence on this market, time forward purchases around the quarterly breakdowns in this report, and benchmark supplier quotes against the tracked price ranges.
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