22 December 2011 12:33 [Source: ICIS news]
The prices of January-lifting low-viscosity products rose to approximately $1,000/tonne (€770/tonne), up by $30-50/tonne from December’s level, while the price of high-viscosity products increased by $50/tonne to $1,020/tonne, both on a DAF (delivered at frontier) basis to Erenhot, a trader at Shengshi Huaqiang said.
Rosneft planned to export 11,000 tonnes of Group I materials to
The refiner made the price hikes because Chinese importers show higher interest in Russian cargoes in view of tighter suppliers of Group I base oils in
Moreover, production costs have increased on stronger crude, the source added.
In December, Rosneft exported 8,000 tonnes of Group I base oils to
($1 = €0.77)
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