Home August 17, 2016

August 17, 2016

Volume 16 Issue 33

U.S. Base Oil Price Report

Stable pricing and consistent demand continue to characterize the U.S. base oil market, although the first intimations of a seasonal slowdown have started to emerge.Suppliers noted that it is normal for August business to be less robust than in July as activity in downstream segments tends to ease in the fall.Nevertheless, with the exception of a few grades, requirements...

EMEA Base Oil Price Report

The few players at their desks toward the end of the holiday season arent playing any major part in trade, as there seems to be a general agreement among buyers and sellers that most business will not recommence until next month.With crude and feedstock prices seesawing again, many suggest that there is no real direction in the markets. Some...

SSY Base Oil Shipping Report

It has been a very quiet week all over - trade in both Europe and Asia remains thin, and even the U.S. market looks subdued.U.S. GulfTrade not been very exciting into Asia and there has not been any base oils shipped for some time. A couple of cargoes of around 10,000-15,000 cubic meters of ethanol were booked from the...

U.S. Consumer Lube Demand to Dip

Demand for consumer automotive lubricants in the U.S. is expected to decline by a 0.8 percent compound annual growth rate from 2015 to 2020, consultancy Kline & Co. projected.The consumer automotive lubricants demand in any country is dependent on two factors - the rate at which the car park is growing or shrinking, and the frequency of oil changes,...

Retail Prices for Motor Oil Edge Down

The average price per quart of motor oil in the U.S. automotive aftermarket industry declined 1 percent in the first six months of 2016, compared to a year earlier, according to retail sales data from NPD Group.There are a number of things going on with motor oil pricing, Nathan Shipley, director and automotive aftermarket industry analyst for NPD Group,...

Petrobras Drops Assets in Latin America

Ongoing financial trouble has lead Brazils state-owned oil company Petrobras to divest lubricant operations in Chile and Argentina, including blending plants in both countries.Petrobras sold 100 percent of its assets in Petrobras Chile Distribution to private equity firm Southern Cross Group for U.S. $464 million. Petrobras operations in Chile included a blending plant in the capital of Santiago, 279...

Cosan Lubricants Posts Net Loss

Lubricants manufacturer and distributor Cosan Lubricants reported a net loss and higher net revenue for the second quarter, compared to 2015s second quarter.The Brazilian company posted a 15.9 million Brazilian reais (U.S. $5.1 million) net loss for the quarter ended June 30, compared to 4.1 million reais net income a year earlier.Cosans net revenue from the sale of lubricants...

Briefly Noted

Effective Sept. 1, Oxea will increase prices on NPG in North America by $70 per metric ton and 3 cents per pound. The chemical is used in synthetic lubricants. Houston-based bio-fluids company Accelergy Corp. and soy products producer Owensboro Grain LLC formed a joint venture that will make biobased esters, waxes, specialty solvents, lubricants and performance fluids. Amyris, Inc....
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