24 September 2012 10:21 [Source: ICIS news]
SINGAPORE (ICIS)--Base oil prices in the ?xml:namespace>
Prices were assessed as $10/tonne (€7.70/tonne) lower week on week at the high end of the range for both the SN150 and SN500 grades at $1,000-1,010/tonne ex-tank Sharjah and $1,020-1,045/tonne ex-tank Sharjah, respectively, during the week ended 20 September, according to data from ICIS.
“There is some excess supply in the United Arab Emirates (UAE) held by a few traders and some of these cargoes have even been offered to
A 5,000 tonne Middle East-origin cargo of SN500 base oils was heard sold to a buyer in
Prices on a FOB (free on board) Europe were $20/tonne higher at $1,010-1,035/tonne, while those on a FOB Baltic Sea and FOB Black Sea bases were $10-30/tonne firmer at $990-1,020/tonne and $980-1,000/tonne respectively for both SN150 and SN500 base oils.
($1 = €0.77)
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