Home July 12, 2017

July 12, 2017

Volume 17 Issue 28

U.S. Base Oil Price Report

Gabriela Wheeler is away. Her column will return next week.Historic U.S. posted base oil prices and WTI and Brent crude spot prices are available for purchase in Excel format.

EMEA Base Oil Price Report

The holiday period appears to have begun in earnest, with Europe possibly more affected than other areas. The annual slowdown in finished lubricant markets has started, with many blenders confirming either shortened work weeks or reduced output for the next six weeks. Base oil procurement is therefore a low priority, and many blenders are opting to put off committing...

SSY Base Oil Shipping Report

The United States market is still going strong. European markets are just about all unchanged from last week, while Asia sees both positive and negative developments this week.U.S. GulfTraders have been unsuccessful in keeping rates below $50 per metric ton for 5,000-ton parcels shipped from the U.S. Gulf to Mainport Far East. They have not had to concede big...

Brazil Market Still Shrinking

Brazils finished lubricant demand declined another 7 percent to 1.15 million metric tons in 2016, according to an industry insider, meaning South and Central Americas largest market has shrunk 16 percent since 2013.Since peaking at 1.37 million tons in 2013, the nations consumption of lubes has fallen three consecutive years as its economy declined due to its ongoing political...

Iran Represents Opportunity for Central Asia Base Oil

MOSCOW - Turkmenistan, Uzbekistan and Azerbaijan - a region with sluggish base oil production and exports - could find fresh export demand in Iran after the lifting of economic sanctions, according to an industry insider.Denis Varaksin, base oil and slack wax sales manager for Berlin-based DYM, said Turkmenistan stands out among those three as having good potential to upgrade...

Functional Products Acquires Infineums Paratac brand

Lubricant additives supplier Infineum sold its Paratac brand of tackifiers and associated business to Functional Products Inc., the companies announced last week. The financial terms were not disclosed.The Paratac line includes two products - Paratac and Paratac XT - which are formulated from polyisobutylene and which are used in industrial oils to protect against dripping, spattering and wipe off.Paratac...

WD-40 Profit, Sales Up

WD-40 reported net income of $14.4 million for the quarter ending May 31, up 14 percent from a year earlier, with net sales up 2 percent at $98.2 million.Earnings amounted to $1.02 per diluted share in the third fiscal quarter, up from 88 cents a year earlier. San Diego-based WD-40s fiscal year goes from Sept. 1 to Aug. 31.Net...

Briefly Noted

Cincinnati-based Pilot Chemical purchased ATRP Solutions of Pittsburgh as of July 10, expanding Pilots proprietary technologies in oil field chemicals, lubricant additives and paints and coatings. ATRP is a specialty polymer technology company and has developed a new class of proprietary rheology modifiers for oilfield and cosmetic markets. Puraglobesaid it is now producing Group III base oil at its...

Correction

The April 19, 2017 article, Exceptions to be Made in Oil Ban should have said that the California Department of Food and Agriculture continues to enforce an existing statute - which began prohibiting sale of obsolete engine oil when it went into effect in January 2016 - while it works on fully developing and implementing the new regulatory language...
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