Interested in the lubricant industry in Asia?

Subscribe now to Lube Report Asia. This FREE weekly e-newsletter features breaking news and base oil price reports.

June 27, 2017

Volume 6 Issue 33

To continue reading this article you must be a subscriber to Lube Report Asia.

Subscribe to Lube Report Asia today!

Lube Report Asia is the Free weekly e-newsletter; featuring breaking news, base oil prices and shipping reports.

Login to Lube Report Asia

Glut Reduces Refinery Rates

China’s base oil capacity has expanded significantly in recent years, but at least some refiners are now producing well below capacity. In the short term, that may be due partly to reduced demand during the slack season for lubricant demand, but the market also appears to be fundamentally oversupplied.