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.