Base oils-Lubes Prices, markets & analysis
Use the independent price assessments and market coverage in our price reports to track the regional Base oils-Lubes market.
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Base Oil US Transcript
The US Base Oils report has been used as an industry benchmark for about 10 years.
The report covers paraffinic prices, posted prices for group 1, group 2, group 2+, group 3, group 3+ and Naphthenics.
We get information from polling the market. It is a weekly report. The report has also got spot prices for light and heavy neutral grades. It also carries feed stock information for natural gas oils and fuel oils.
It’s used in the market to access information for buyers, sellers and traders on a routine basis. The information is polled from the market and is used by the market. |
The report is widely read, it is used to benchmark both contract pricing and spot pricing. The participants in the market frequently trade information with ICIS, it is considered trustworthy access for the Base Oils market on a global basis and is also competitive to any of the other reports covering the same market, it has a wider reach than a number of those.
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 US 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
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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.
During the first quarter of 2014, the
Heavy discounting that began in October 2013 and continued into January 2014 pushed the decreases in posted and spot base oil prices, with the reduction depending upon the grade and supplier.
Sharply rising feedstock vacuum gas oil (VGO) costs bit deeply into producer margins, taking down profitability in base oil production. VGO prices hit $3/bbl during the first quarter, forcing some producers to crack oil directly to the fuel side.
The combination of January price reductions and less base oil production by refiners stopped discounts and drove supply – particularly in light grades – toward balance with demand.
Heavy neutrals moved into a tight supply condition by late first quarter, adding to the push to restore posted prices to profitable levels.
Export options are also increasingly sought by US producers, particularly with the expectation that Chevron’s new 25,000 bbl/day Pascagoula Base Oil Plant will move into commercial output in the second quarter.
Updated to mid-April 2014
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Base oils-Lubes.
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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. 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.
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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.
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.