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.
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.
Updated to Q3 2014
The European Group I base oil market was generally slow during the third quarter. The usual summer slowdown began early, with export demand dropping off from mid-July and continuing into September.
Domestic demand was stable but lacklustre, as has been the case for some time. With refiners unable to unload excess stock via the export market, bulk parcels were offered in the domestic market at substantial discounts – prices were comparable to those in the export market and not the domestic market.
Decreasing feedstock vacuum gasoil prices encouraged refiners to maintain production rates at high levels, while domestic prices were reduced every month or so amid growing supplies.
Export prices were more resistant to decreases, although, ironically, this was largely because of a lack of demand. Refiners indicated they would consider selling at discounts if faced with a serious request for material. In the absence of such requests, prices held steady for much of the summer.
However, the pressure on prices eventually increased further because of growing supply in the Russian market and competition from US Group II material. Consequently, in September, prices began to decrease significantly.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Base oils-Lubes.
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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.
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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.
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