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October 3, 2017

Volume 6 Issue 33

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China Wants Higher VI

Chinese refiners have built a lot of capacity to produce API Group II base stocks, but the viscosity indices of the oils from those plants are largely lower than blenders want. This is a major reason that the country imports large volumes of base stocks, according to speakers at an industry summit in Xiamen last month, who added that the situation is unlikely to change in the next few years.