Home March 29, 2017

March 29, 2017

Volume 17 Issue 13

U.S. Base Oil Price Report

Tightening supply and steady demand supported U.S. posted price increases in the first part of the month and continue to drive spot indications up despite softer crude oil values.A number of participants attending the AFPM International Base Oils and Waxes Conference in San Antonio this week commented that product availability had narrowed due to ongoing and upcoming turnarounds, both...

EMEA Base Oil Price Report

Tight supply is calling the tune as base oil prices in Europe the Middle East and Africa were reported stable to firm this week after a slight recovery by crude oil.Crude is still down since the last adjustment in base oil values, but that is being offset by snugness for most grades. Availability is lacking for spot purchases and...

SSY Base Oil Shipping Report

There are many in the chemical tanker industry who are still away attending a key industry event and, consequently, market activity has been rather dull over the past few days.U.S. GulfCommodity prices are extremely volatile at the moment along the U.S. Gulf to Far East route, making any sales or purchasing decisions potentially risky. The drop in crude oil...

More Hikes Coming for Finished Lubes

BP Castrol, Martin Lubricants, Cam2 International and Smittys Supply notified U.S. customers of finished lubricant increases that take effect from mid-April into early May, most citing increasing costs for raw materials such as base oil and additives.BP Lubricants USA informed customers of price increases of up to 3 percent effective May 1 on Castrol and BP branded products, excluding...

Tough Times Drag Down Eastern Europe

Eastern Europes lubricant demand declined 0.5 percent from 2015 to just slightly above 3 million tons in 2016, hindered by economic problems in Russia and Ukraine, according to German lube manufacturer Fuchs Petrolub SE.The trend in Eastern Europe compared unfavorably, for example, to the mature markets of North America and Western Europe, which saw lubricant demand rise 0.3 percent...

Slavneft to Stream Group III in April

Russian oil major Slavneft, a 50-50 joint venture of Rosneft and Gazprom Neft, is set to stream its first batches of Group III base oil at its Yaroslavl refinery in April, industry sources said last week.The 100,000 metric tons per year Group III base oil plant was previously expected to begin production by the end of 2016 at the...

Work Starts on Biobased Wax, Ester Plant

OG&A BioSpecialties LLC plans to build a 1,000 barrels per day biobased wax and ester production plant in Kentucky by the end of 2017, and expects to commence commercial operations in 2018.The company announced in a news release Monday that engineering, procurement and construction activities are underway for the project in Owensboro. An official in OG&A BioSpecialties Owensboro office...

Briefly Noted

Azelis will distribute industrial additive manufacturer Elcos products for the lubricants and metalworking fluids market in Germany, Austria, Switzerland, Greece and Turkey. Citing escalating costs,Chemturaannounced a global price increase for petroleum additives, including detergents and phosphate esters, effective April 1.
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