Home May 17, 2017

May 17, 2017

Volume 17 Issue 20

U.S. Base Oil Price Report

A persistently tight supply and demand balance continues to be the main driver in the U.S. base oils market, with several producers reporting little to no stocks left at this juncture.The limited availability is the result of recent and ongoing plant turnarounds, together with robust buying interest both on the domestic and export fronts.Despite the fact that two of...

EMEA Base Oil Price Report

Base oil markets reignited this week with a flurry of trade reports suggesting demand is back for all types of base oil and that buyers have surrendered the idea that prices were due to come off. Sellers renewed attempts to push prices higher, and most offers seen or heard this week reflected higher numbers than previously.After Saudi Arabia and...

SSY Base Oil Shipping Report

Europe remains pretty much unchanged with a steady flow of requirements. Asia, however, is languishing amidst muted activity. The United States, too, is going through a slow phase right now.U.S. GulfSome owners seem unconvinced that demand will pick up along the route into the Far East, and those who have space left to fill for the end of May...

Canadian Biocide Labeling Change Debated

A Canadian proposal to lower application rates for a formaldehyde-free biocide based on a mixture known as CMIT/MIT has drawn opposition over concerns it would reduce the biocides effectiveness in metalworking fluids.The mixture is 5-chloro-2-methyl-2H-isothiazol-3-one and 2-methyl-2H-isothiazol-3-one (CMIT/MIT), which had historically been approved for use in Canada at 15 parts per million.The Pesticide Management Regulatory Agencys decision to reduce...

Fuchs Opens Grease Plant

Fuchs Petrolub SE opened a $26 million grease plant, research lab and warehouse near Chicago Monday. The company did not disclose the capacity of the plant but said in its 2016 annual report that it will produce 29 specialty greases.The new plant, which is located close to Chicagos South Side in Harvey, Illinois, serves North Americas automotive, heavy-duty truck,...

Cosan, Nynas Earnings Down

Cosans lubricant production and distribution arm - renamed Moove last year - posted a decrease in net revenue, but an increase in sales volume during its first quarter, and Nynas reported a decrease in operational cash flow for its naphthenic unit.CosanMoove reported a net revenue of Brazilian reais 446.7 million ($141.5 million) for its first quarter, down roughly 7...

Engine Oil Goes Hollywood

Valvoline is stepping onto the red carpet alongside Paramount Pictures' favorite talking robots as the official synthetic motor oil of the Transformers: the Last Knight movie, in theaters later this month.Joining a growing trend of paid product placements on the silver screen, Valvoline entered a sponsorship agreement, though Valvoline did not detail the exposure the company will get from...

ELGI Groups Push Ahead with Tests

HELSINKI, FINLAND - Several working groups reported progress in developing test methods for specific purposes during the European Lubricating Grease Institutes annual meeting here last week.Joe Kaperick of Afton Chemical, chair of the Working Group on Particle Evaluation, reported that the group is evaluating the Hegman Gauge for pinpointing in grease the number and size of particles, which can...

Omnia Sets Sight on African Lubes Market

Omnia Holdings agreed last week to acquire Umongo Petroleum, saying Omnia will provide a better springboard for Umongos base oil and lube additive distribution business to expand in sub-Saharan Africa.Those activities include former distributor Orbichem Petrochemicals, which Umongo acquired last month.There are significant, potentially attractive and synergistic opportunities to service customers in South Africa and across the African continent,...

Briefly Noted

Gazpromneft-Lubricants signed a new three-year agreement with Rosmorport to eventually triple its supply of marine lubricants to support the fleet - to more than 1,500 metric tons by the end of 2019. Rosmorport is the Russian state agency for development of the countrys sea ports and transportation as well as security of its sea shipping routes.
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