Volume 5 Issue 14
SSY Base Oil Shipping Report
April 6, 2018Adrian Brown is away. His column will reappear in the April 13 edition of Lube Report Asia.
Revolving Doors for Chinas Naphthenics
April 6, 2018Capacity increases may see China producing nearly 40 percent of the worlds naphthenic base oils within the next two years and potentially leapfrogging from net importer last year to net exporter next, according to an industry insider.
Malaysian Engine Oil Demand to Grow
April 6, 2018Malaysian demand for automotive engine oil is expected to grow at a compound annual rate of 2.9 percent between 2016 and 2021 to 202,000 metric tons, the Freedonia Group predicted in a recent report. In 2016 demand totaled 175,000 tons.
FKT Earnings Stay Stable
April 6, 2018Net income for PT Federal Karyatamas lubricants segment remained stable year on year in 2017, but its sales volumes dropped 3 percent to 61.3 million liters.
From Other Editions of Lube Report
April 6, 2018Briefly Noted
April 6, 2018Esso (Thailand) Public Co. Ltd. will distribute Mobil Super Moto brand motorcycle engine oil products across Thailand, under an agreement with the countrys Auto Business Corp. The Chinese government announced it will tack an additional 25 percent tariff on dozens of U.S. products, including lubricants (excluding petroleum or oil extracted from bituminous materials) and lubricant additives, ICIS reported in an April 4 article. The U.S. administration claims the countries are in negotiation, and do not intend to start a trade war. SK Lubricants is planning an initial public offering worth roughly 1.56 trillion won (U.S. $1.45 billion) in May, claims Reuters. SK Innovation plans to sell 10.2 million shares, and issue 2.6 million new shares of SK Lubricants.