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 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 Q2 2017
European Group I, II and III base oils prices rose in the second quarter amid a tight markets and short spot availability. Group I domestic bulk and truck prices increased consistently, with brightstock a softer exception. Brightstock was generally in much better supply than the lighter grades of SN150 and SN500. On the Group I export market, prices rose strongly as large volumes were hard to procure on turnarounds and capacity cuts. Europe’s Group II market, dominated by imports, was squeezed by lack of US material amid US Gulf Coast turnarounds. Consequently, prices rose significantly through the second quarter. European Group III base oils prices also rocketed amid tight supply.
Demand overflowed after the Shell-Qatar Petroleum outage in Ras Laffan Industrial City earlier in the year. This coincided with turnarounds at three of major Korean producer SK Lubricants’ plants, one month after the other, restricting availability. Conditions in the Baltic and European export market have been tight, putting upward pressure on prices.
Supply is expected to ease early in the third quarter. In the Black Sea domestic supply in Turkey was said to have been curbing appetite for import volumes from suppliers in the Black Sea. As a result activity in the region was described as quiet and players said they have been turning their attention from the region, where possible preferring to focus on the Baltic and European markets where material has been more sought after.
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.