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Lube Report

Mexico on Verge of Change

Mexico's ongoing changes – including a new president and a revised Free Trade Agreement with the United States and Canada – will shape its economic future, with possible ramifications for its lubricant and base oil markets, an industry insider said at the ICIS Pan American Base Oils & Lubricants Conference.

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EV Sales Growing Fast; U.S. Near Top

Global electric vehicle sales are growing rapidly from a small base but are concentrated to date in a handful of countries, including the United States, China, several European nations and Japan, according to a new report from Lubes'n'Greases about EVs and their impact on lube markets.

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Renewable Lubricants Enters Canada

Renewable Lubricants Inc. has entered Canada through the formation of a wholly owned subsidiary based in Ontario. The subsidiary will service the country's emerging biobased lubricants market.

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From Other Editions of Lube Report

Europe Adjusts to Group II

Chevron Completes Vietnam Expansion

African Blenders Seen Not Meeting OEM Demands

Briefly Noted

Oxea will increase off-list prices effective Jan. 1 by 3 cents per pound in North America and Mexico, and by $66 per metric ton in South America for heptanoic acid; and by 4 cents/lb in North America and Mexico and $88/t in South America for isononanoic acid.  Ineos Enterprises completed the acquisition of the chemical intermediates business of Flint Hills Resources on Dec. 1, including an intermediates production facility near Chicago, Illinois. The business manufactures maleic anhydride that is used in a number of industries, including lubricant additives, where it serves as a primary component in dispersants.

Base Oil Reports

U.S. Base Oil Price Report

Paraffinic base oil producer Motiva and rerefiner Kleen Performance Products communicated price decreases this week, while Cross Oil joined the group of naphthenic producers that lowered pricing a week ago.–by Gabriela Wheeler

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SSY Base Oil Shipping Report

December space has become a lot more scarce in the both the United States Gulf and Asia as demand finally ramps up. Europe, however, is still remarkably subdued.–by Adrian Brown

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