ICIS price reporting for regional Base oils-Lubes markets is unparalleled in its ability to keep you on top of the information you need.
That means you can track fluctuations and developments as they happen and gain a clear understanding of the factors driving prices.
Updated to Q4 2020
Supply is expected to remain tight. Iran will see no major improvement in output and as producers continue to sell tenders in limited volumes for spot cargo exports following the lifting of coronavirus restrictions.
Demand in the UAE for Iranian material is expected to be stable as inventories remain sufficient, although downstream demand, especially from the automotive sector, is not expected to improve much. Blenders are likely to continue to buy only when it is necessary given further expected supply shortages.
Middle East Group II 150N and 500N spot supply in Q4 is expected to be stable to tight as some major refiners resume shipments to contract customers. Supply from Middle Eastern producers is expected to be stable as no major planned shutdowns are expected.
Demand is expected to remain stable in Q4 as the region continues to struggle with the post-lockdown environment. Poor downstream demand from the automotive sector and sluggish economic growth are expected to also hamper any demand recovery.
Supply is expected to be stable to lower in Q4. Contractual obligations among major Middle Eastern refiners could result in limited spot volumes for buyers in the region.
Demand is expected to be stable in Q4 as blenders resume operations in a post-lockdown environment. Consumption in the Middle East is likely to remain limited and largely opportunistic. No fundamental change is expected to demand in the Middle East during Q4.
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.
News & analysis
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.
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The main use for base oils is in the manufacture of lubricants, of which there are many thousands of types.
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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.
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