Home January 25, 2017

January 25, 2017

Volume 17 Issue 4

U.S. Base Oil Price Report

Base oil suppliers reported mixed reactions to their recent price hikes, with some buyers becoming more conservative with orders, while others continued to secure regular cargoes under contract or even increase their purchased volumes.This could be partly explained by the fact that there will be a couple of turnarounds taking place in March, and buyers want to make sure...

EMEA Base Oil Price Report

European, Middle Eastern and African base oil markets have rallied further in response to crude oil and feedstock price run-ups that occurred from mid-December through early January. Evidencing the usual lag between crude and base oil price changes, European prices took particularly large jumps over the past 10 days.Crude values appear to have plateaued and are trading in a...

SSY Base Oil Shipping Report

The market in Asia is understandably slower in advance of the Lunar New Year celebrations, but the markets in Europe and the United States have both been fairly busy, especially considering a sizeable chunk of business will have been affected by the Asian slowdown.U.S. GulfEven though it has become difficult for traders to conclude many of the deals to...

More Finished Lube Price Increases

ExxonMobil, Chevron, Cam2 International and Omni Specialty Packaging notified U.S. customers of upcoming price increases on finished lubricants that go into effect in February and March. Factors cited included rising base oil prices and costs of other raw material related to manufacturing, distribution and packaging.ExxonMobil notified customers this week of a general price hike of up to 5 percent...

Evonik Buys Stake in Nanotechnology Firm

Evonik Industries announced today that it acquired a minority stake in Nanotech Industrial Solutions, placing a bet that nanotechnology will become an important tool in the lubricant additive toolbox.The companies did not disclose the amount of Evoniks investment or the size of its share in NIS, but Evonik officials said they believe NISs technology can help Evonik provide additives...

Baerlocher Expands Metal Soap Production

Baerlocher USA announced earlier this month that it will add a third reactor to its Cincinnati, Ohio, plant to keep up with growing demand from the North American polyolefin and polyvinyl chloride industries. The new reactor, which is set to be fully operational by June 2017, will increase production capacity of calcium, zinc, sodium and other metal soaps by...

LSC Acquires Vistone from Infineum

Lubricating Specialties Co. recently acquired the Vistone product line and associated business from Infineum USA L.P. The transaction, which closed Dec. 30, included Vistones compressor fluid brand, a detergent additive for aviation lubricants, and a viscosity modifier used in a variety of industrial lubricant and grease formulations. The price of the transaction was not disclosed.According to LSCs website, it...

Briefly Noted

Nynas opened a sales office in Colombia, where it has sold naphthenic specialty oils for more than 15 years through Nynas Latin America, to improve local service and boost its presence in the Andean Region and Central America. Lukoil Lubricants Co. will supply 5W-30 and 10W-40 oils to Japanese truck maker Hinos distribution network in Russia for after-sales service.
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