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 Q1 2021
Supply is expected to remain tight with Iran output showing no signs of major improvement and as producers there continue to try to sell through tenders in relatively limited volume for exports of spot cargoes. Domestic blending requirements and shipping problems are likely to continue to restrict supply.
Demand in the UAE market for Iranian material is expected to be stable as inventories remain sufficient, but downstream demand, especially in automotive sales, is not expected to see significant improvement. Blenders are likely to keep buying only as necessary in the face of further expected supply shortages.
Spot supply in Q1 is expected to remain tight as some major Asian refiners have prioritised backlogged orders shipments for contract customers. Supply from Middle Eastern producers are also expected to be stable to tight despite no major planned shutdowns expected in Q1.
Demand is expected to remain stable in Q1 as the region continues to struggle with the post-lockdown environment. Poor downstream demand from automotive sales and sluggish economic growth prospects are expected to also hamper strong demand recovery.
Supply is expected to be stable to tight in Q1. Contract obligations to buyers in Asia and the US among major Middle Eastern refiners could still result in limited spot volume that would be made available to buyers in the Middle East region.
Demand is expected to be stable in Q1 as blenders are expected to have resumed operations at the start of the new year. Consumption in the Middle East likely to remain limited and largely opportunistic. No fundamental changes are expected in Middle East in the quarter.
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
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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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