Home March 1, 2017

March 1, 2017

Volume 17 Issue 9

U.S. Base Oil Price Report

Base oil spot prices in the United States appear to be inching up on tighter supply conditions, but domestic demand is still not as strong as suppliers had anticipated for this time of the year.Sellers described current requirement levels as "average." Many consumers appeared to be comparing prices between different suppliers but delaying purchases in hopes of finding the...

EMEA Base Oil Price Report

European, Middle Eastern and African base oil markets are considered stable to firm, with prices settling down some after relatively dramatic hikes during the past few weeks.Sellers have continued to push levels higher in offers seen over the last few days, but with demand drifting a little, at least in Europe, there has been an element of buyer resistance...

SSY Base Oil Shipping Report

Adrian Brown is away. His column will return next week.Adrian Brown is a senior market analyst for chemicals and base oils with SSY Shipbrokers, London, can be reached atfix@ssychems.comor +44 12 0750 7507. Information about SSY can be found atwww.ssyonline.com. In the Houston office,Steve Rosenthalof SSY's Chemical Tanker Department can be reached directly at +1 (713) 652-2700 and Jordi...

U.S. Base Oil Eased Off in 2016

Operating at a relaxed but steady pace for most of the year, U.S. base oil refiners delivered a respectable 60.6 million barrels of paraffinic and naphthenic stocks in 2016, according to data released yesterday by the federal Energy Information Administration.That fat, round number is near-echo of the 60.7 million barrels that domestic producers supplied two years ago in 2014,...

Forecast Calls for Fewer Base Oil Projects

With growing supply surpluses and shrinking capital budgets, the number of new base oil plants and expansions entering the development pipeline should slow in coming years, an industry insider told a lubricant conference recently. Consultant Stephen B. Ames also predicted that a significant number of existing plants will close.The margin outlook is not conducive to opportunistic base oil investment,...

Q4 Earnings Wrap-up

Nynas posted a decrease in operational cash flow for its naphthenic unit, Calumet Specialty Products Partners reported a net loss, and operating income was down for Chemturas Industrial Performance Products segment. Clean Harbors Safety-Kleen segment posted an increase in third-party revenues, and Milacron reported higher operating income for its Industrial Fluids segment, all for the fourth quarter, compared to...

Iran Still Holds Potential for Early Investors

LONDON - Despite Irans disappointing economic performance since international economic sanctions were lifted last year, foreign companies could still reap the benefits of doing business in the country, Geeta Agashe told attendees at an industry conference here earlier this month.During a seminar ahead of the ICIS World Base Oils & Lubricants Conference, the consultant pointed out that Iran has...

Briefly Noted

Hamilton, Ohio-based Starfire Premium Products, which has been a contract blender, launched its own brand of lubricants for automotive, agriculture and industrial needs. Oxea lifted force majeure on butyl acetate in Europe, restarting production in Marl, Germany, after technical issues interrupted the plants supply in early February.
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