04 September 2012 07:13 [Source: ICIS news]
The price of medium and low-viscosity base oils rose by $70/tonne to $940/tonne on a DAF (delivered at frontier) Erenhot basis for September, and prices for high-viscosity N450 volumes went up by $70-90/tonne to $1,030-1,050/tonne, the importer added.
The price hike is a result of tightened supply as the company has taken off line its 250,000 tonne/year Group I base oils plant at
The company plans to reduce its September exports of Group I base oils to
On the other hand Chinese importers are seeking more cargoes for September, which is the traditional peak consumption period in
Rosneft supplied 12,530 tonnes of Group I base oils to
($1 = €0.79)
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