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Home Commodities Energy Base-oils-lubes Base oils-Lubes Europe prices, markets & analysis

Base oils-Lubes Europe prices, markets & analysis

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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

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Regional Outlook

Updated to Q1 2021

Group I

European Group I availability is expected to remain fairly limited, with refinery run rates likely to remain low until fuel demand sees a significant boost. Players are hopeful that run rates will increase during Q2 following announcements of coronavirus vaccines. Export market supply will likely continue to be tight in Q1, though slightly more material is expected out of refineries in January, reaching export destinations in February.

European domestic and export demand will remain strong as long as shortages persist in the region. Structural demand will not see any major improvement until interest in the automotive industry picks up. This sector is not expected to significantly grow until at least Q2. Export demand will continue from destinations including west Africa, India and in some cases South America, as long as global tightness is ongoing.

Group II

European domestic Group II supply is expected to remain tight until US exports increase. Some sellers expect imports from the US by late January, though it will take some time to replenish stocks after a lengthy period of tightness.

Demand is expected to remain healthy this quarter, particularly due to tight supply. The lubricants industry is in full swing, regardless of the second wave of the coronavirus pandemic. Market sentiment remains bullish.

Group III

Tightness in the European domestic Group III market is expected to persist in Q1 2021. Because jet fuel demand is expected to remain low, this will continue to drive lower operating rates for base oils in Europe. As a result, availability is unlikely to improve. In the meantime, demand is expected to remain high.

Demand is expected to continue rising in Q1, with some customers desperate for product in December likely to remain eager for stock as soon as it is replenished. Business is expected to start up quickly after the New Year, with many having already booked January orders at the end of 2020.

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Our products

Base oils-Lubes news news and market information products from ICIS

We offer the following regional Base oils-Lubes analysis and news coverage to keep you informed of factors and developments affecting prices in the Base oils-Lubes marketplace.

Price reporting

  • More information about the price reports we publish on Base oils-Lubes
    Independent price assessments and market coverage by region

    • Base oils Europe

Price history

  • More information about the historical price data we publish on Base oils-Lubes
    Track historical price data

    • Base oils-Lubes Europe

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.
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Methodology

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.

Base Oils-Lubes Methodology

The main use for base oils is in the manufacture of lubricants, of which there are many thousands of types.

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Price reporting

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.

Price history

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.

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