12 April 2011 21:57 [Source: ICIS news]
HOUSTON (ICIS)--Naphthenic base oil producers have announced an array of price increases in the US, largely driven by tight supply, buyers and sellers confirmed on Tuesday.
Ergon confirmed it would raise all grades by 35-42 cents/gal, effective on 15 April, while Nynas confirmed increases of 40 cents/gal on all grades of naphthenic pale oils, effective on 1 May.
San Joaquin Refinery said it would raise prices by 40 cents/gal across the board on its pale oils, effective on 18 April.
Cross Oil confirmed it would move prices up on pale oils by 35-60 cents/gal, depending upon the grade, effective on 16 April. Calumet rounded out the increases at 40 cents/gal, effective on 21 April, on all grades of its naphthenics.
Tight supply began with a spate of first-quarter maintenance turnarounds. Weather outages complicated or extended start-ups from several turnarounds, further limiting inventories.
Several producers were hampered in the inventory ramp-up for the seasonal demand surge from the lubricant segment’s high-use during the summer driving season, which begins on 31 May.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections