30 January 2012 06:41 [Source: ICIS news]
The firm’s February price of its low-viscosity products is at around $1,065/tonne, which is $65/tonne higher than that in January, while that of high-viscosity products rose by $70/tonne month on month to $1,090/tonne, a trader from Manzhouli Shengshi Huaqiang said.
The prices of both products are on a DAF (delivery at frontier) Erenhot basis, the trader added.
Rosneft is planning to export over 8,000 tonnes of Group I base oils to
The prices rose because of rebounding demand in the Chinese market in February, when most traders in
Downstream users in
Rosneft exported around 11,000 tonnes of Group I base oils at $1,000-1,020/tonne DAF Erenhot in January, the trader said.
($1 = €0.76)
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