Volume 5 Issue 15
SSY Base Oil Shipping Report
April 13, 2018The markets in the United States and Europe have not shaken off the lethargy of the Easter holidays, while markets in Asia have been reporting lower levels of demand for several weeks already.-by Adrian Brown
Chinese Tariffs Loom Over Lubes
April 13, 2018U.S. suppliers of lubricants, lube additives and base oils are hoping that their government and China avoid an impending trade war but preparing to cope with Chinese tariffs on imports in case they dont.
Japanese Additives Plant Adds Capacity
April 13, 2018DIC Corp. began expanding its capacity to produce extreme pressure additives for metalworking fluids at its plant in Kashima, Japan. The company did not disclose the facilitys existing capacity but said the expansion will increase capacity by 6,000 metric tons per year.
Chinese Blenders Post Mixed Full-Year Results
April 13, 2018Jiangsu Huifeng Lubricant Co. reported a minor decline in profit in 2017, and PetroChinas Kunlun Lubricants earnings soared by over 200 percent. Both reported higher operating revenues as well as cost increases.
From Other Editions of Lube Report
April 13, 2018Briefly Noted
April 13, 2018The global white oils market is expected to grow at a compound annual rate of 3.5 percent through 2025, with Asia-Pacific holding over half of the market share, predicts Persistence Market Research Pvt. Ltd. Amazon India partnered with Shell Lubricants to launch its last mile connect program. Through the partnership, customers in Bangalore who order Shell products can obtain oil change services at their doorstep. When customers purchase Shell products on Amazons website, they can select the oil change and services option.