US Calumet likely to raise paraffinic base oil prices soon: exec

08 August 2013 00:12  [Source: ICIS news]

HOUSTON (ICIS)--Calumet Specialty Products expects to announce increases in paraffinic base oil prices “in the next couple of days”, an executive with the US-based refiner said on Wednesday.

Calumet recently raised prices on naphthenic base oils by 15 cents/gal and solvents by 20 cents/gal, said Jennifer Straumins, president of the company. She made her comments during a Q2 earnings conference call.

Asphalt prices also were raised recently, and paraffinic base oil price increases should be announced soon following similar announcements by other base oil producers, she said.

Straumins did not disclose the amount of the expected price increase.

By: Jeremy Pafford
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index