19 April 2012 09:41 [Source: ICIS news]
SINGAPORE (ICIS)--Russian oil giant Rosneft is planning to increase its Group I base oil supply to ?xml:namespace>
Out of the 7,900 tonnes, all produced at the company’s
However, major Chinese importers are not keen to buy Russian products as they will arrive in
The importers are seeking lower prices for May cargoes amid falling demand, traders said.
The prices of Rosneft's low-viscosity cargoes to China in April were at $1,070-1,080/tonne (€813-821/tonne) DAF (delivery at frontier) Erenhot, while its high-viscosity base oil prices were at $1,170-1,180/tonne, according to traders.
($1 = €0.76)
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