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March 2, 2018

Volume 6 Issue 38

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China Base Oil Supply Shifts, Steadies

China’s base oil consumption will grow marginally but steadily in the next five years, according to a speaker from ICIS at the organization’s World Base Oils & Lubricants Conference in London last week. In 2021, API Group II and III grades will have elbowed out Group I and off-spec oils more than ever as total demand inches closer to 9 million metric tons.