Base oils-Lubes Prices, markets & analysis
For clear insight into regional Base oils-Lubes markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Base Oils-lubes overview Transcript
Base Oils are a synonym for base-stocks, they are mixed with additives to form finished lubricants. Biggest end-use is the automotive sector and there’s a big trend right now for higher quality base stocks, so we’re actually seeing some consolidation of our Group 1 Base Oil plants and a bigger move to Group 2, Group 3 and even gas-to-liquids plants.
Automotive emission standards are the biggest factor affecting base oils.
There’s also a seasonality factor. Heavy drive season that’s usually May to September, that’s when demand is the strongest for base oils.
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 Europe 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.
From the period mid-August to mid-November, not a great deal changed in the Europe base oils market in terms of prices or supply and demand.
Refiners continued to suffer with low margins and this prevented them from bringing prices down, despite pressure from buyers.
Although crude oil prices moved down over the three-month period, refiners were not prepared to budge on price, particularly since they believed that lowing prices would not stimulate demand.
General exports to the Baltic and Black Sea were also limited because of low demand and prices being too high because of fluctuations in the US dollar.
Updated to mid-November 2013
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Base oils-Lubes.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
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.