From pricing information to the analysis you need to understand it, ICIS coverage of regional Base oils-Lubes markets is second to none.
Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings.
Use ICIS information to:
- Follow price drivers and fluctuations
- Inform your internal market modelling
- Back up your negotiations
- Determine settlement and contract terms
Our editor gives their expert view
Base Oil – Asia Transcript
ICIS publishes a weekly report on the Asia Pacific Base Oils market. We cover three main groups of paraffinic based oil products, they are commonly traded in Asia. Asia is both a major market and a key production centre.
In the report, we track the FOB and CFR markets in Asia as well as Singapore ex-tank prices for group 1 base oil by talking to a wide spectrum of industry players.
Our market coverage extends from South East and North East Asia, to India and the Middle East. We also have a separate in-depth report available on the Chinese market. Industry players rely on the ICIS base oil report to get up to date information on base oil refinery developments and plant shut downs that could have an impact on the market. We also keep a close eye on arbitrage flows and demand from the finished lubricants sector.
Shipping and feedstock information completes the market coverage.
ICIS has covered the Asian market for more than 15 years and our prices are now the industry benchmark. Our report is essential to our subscribers as we are renowned for delivering key, up to date, reliable information which is important for them in order to conduct their business.
Base oils-Lubes news and market information products from ICIS
We offer the following regional Base oils-Lubes coverage to keep you informed of factors and developments affecting prices in the Asia Base oils-Lubes marketplace.
Price Reporting – More information about the price reports we publish on Base oils-Lubes
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Base oils-Lubes
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q2 2016
In the second quarter of 2016, Asia base oil prices, especially those for higher viscosity material, experienced a steady uptrend on the back of snug spot availability among some regional Group I and II refiners. The tight supply situation was mainly brought about by ongoing and upcoming scheduled turnarounds, which led refiners to mostly hike their spot offers. Buyers were also supporting the uptrend by their active enquiries, as a shortage of spot material led these buyers to actively seek cargoes to replenish inventories.
Amid product scarcity in the Asia Pacific region, some traders also saw windows of opportunity for deep-sea cargo trade, which led to transactions for European and US-origin Group I and II cargoes for large volumes of base oils in April and May. These deep-sea cargoes would subsequently arrive in late June or early July, market sources said.
Meanwhile, for Group III base oils, a Middle East-based 500,000 tonnes/year new unit started running during the second quarter. The first cargo from this new refinery, sized at 20,000 tonnes, was sold into the Indian market in early June.
ICIS experts closely follow the Asian Base oils-Lubes markets to give you access to comprehensive, accurate and timely pricing information, market commentary and news.
Asia Base Oils Weekly
ICIS publishes a weekly report for the Asia-Pacific base oils market. We cover three main groups of paraffin-based oil products that are commonly traded in Asia.
In the report, we track the free on board (FOB) and cost & freight (CFR) markets in Asia, as well as Singapore ex-tank prices for Group I base oils, by talking to a wide spectrum of industry players. Our market coverage extends from southeast and northeast Asia to India and the Middle East.
The weekly report also focuses on trade flows and demand from the finished lubricants sector. Shipping and feedstock information completes the market coverage.
ICIS has covered the Asian market for more than 15 years, and our prices are now the industry benchmark. Our subscribers rely on our reporting to provide them with trusted and timely information that they can use in order to make profitable trades.
Asia Base Oils Daily
The ICIS Asia Base oils-Lubes daily report further supplements the detailed market coverage and analysis in the weekly price report. The daily update enables industry players to access information on time-sensitive deals, price movements and production news. It gives them reliable information they can use to react quickly to opportunities and take advantage of short-term arbitrage windows.
Each daily report includes deals, bids and offers for the six widely transacted quotes - Group I, SN150, SN500 and brightstock on a free on board (FOB) Asia basis and ex-tank Singapore basis.
Information on feedstock (fuel oil and gas oil) and a detailed analysis for China, one of the most influential base oils markets in the region, are also included.
ICIS C1 Energy Asia Base oils-Lubes Plant Research
The ICIS C1 Energy Asia Base oils-Lubes Plant Research covers key Asian markets including China, South Korea, Japan and Indonesia, along with Russia and the Middle East.
It provides readers with in-depth analysis on developments and trade flows among major Asian plants, as well as a production outlook. The research also features a detailed summary of plant updates in the market from 2011, including a market outlook stretching as far as 2015.
It contains details on plants in the Middle East and Russia, and covers China’s major base oils importers. In addition, it provides readers with an in-depth summary of base oils production processes and specifications across Asian plants.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Base oils-Lubes. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enable you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Base oils-Lubes, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.