Volume 6 Issue 37
SSY Base Oil Shipping Report
September 13, 2019The United States market feels quieter this week. Nothing much has changed in Europe, but in Asia prompt space has tightened, probably as a result of consecutive typhoons and all the associated delays.-by Adrian Brown
U.S.-China Trade War Boosts Thai Lubes
September 13, 2019Thailands lubricant demand is expected to grow this year as the automobile manufacturing sector expands and foreign companies relocate to the country to avoid tariffs imposed as part of the trade war between the United States and China, according to a global consultancy.
China Exempts Lubes from Tariffs
September 13, 2019Chinas Customs Tariff Commission of the State Council yesterday announced a trial program to exclude 16 types of U.S. products - including grease and certain types of lubricants, base oils and surfactants - from retaliatory tariffs.
India Consumes Growing Amounts of Group II, III
September 13, 2019The Indian market has undergone a large shift in recent years toward API Group II and III base stocks, and with the countrys upcoming transition towards stricter automobile emissions standard, Group III offers an attractive proposition for lube formulators, an industry insider said.
From Other Editions of Lube Report
September 13, 2019Briefly Noted
September 13, 2019Maurizio Butti, CEO of Songwon Industrial Group, died last week, according to the company. Butti joined the organization in 2006. Jongho Park will serve as interim CEO of the Ulsan, South Korea-based company, which makes antioxidants used in lubricants. Base oil refinerThai Oil Co. named Wirat Uanarumit CEO and president. Mumbai, India-based Savita Oil Technologies renewed an agreement with Swaraj Tractors to manufacture and supply genuine and company-branded motor oils for Swaraj’s range of tractors.