04 September 2012 08:25 [Source: ICIS news]
The company decided to supply 2,000 tonnes of spot Group II N150 base oils to
FPCC’s global supply of Group II base oils will remain flat at 45,000 tonnes in September, including about 20,000 tonnes of both term and spot cargoes to the Chinese market, the source said.
However, no spot cargoes of Group II N500 will be available for September delivery because of an ongoing maintenance at the company’s 600,000 tonne/year base oils plant at Mailiao, the source said.
The company plans to restart the plant on 15 September, after a 45-day turnaround, the source added.
Prices of Group II base oils in the Asian spot market are expected to firm during the consumption peak in September, although supplies will rebound along with FPCC’s plant restart, major base oils traders in
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