Use the independent price assessments and market coverage in our price reports to track the regional Base oils-Lubes market.
Our information is gathered by locally based reporters, giving unrivalled coverage of regional markets.
Updated to Q3 2019
Group I base oil supply into the third quarter is expected to remain constant. Short-term supply crimps in the second quarter are remedied and all Group I viscosity grades are returning to balanced inventory conditions. The same is in place for brightstock, the heaviest of the Group I viscosity grades. Inventories are expected to be adequate for demand and no turnarounds are planned for the third quarter.
US Group I base oil demand is expected to be constant in the third quarter, covering the summer driving needs adequately. All viscosity grades have sufficient demand to maintain steady appetite over the third quarter, including light and mid-viscosity grades needed for the Mexican market.
US Group II base oil supply is expected to remain steady in the third quarter, keeping pace with the uptick from the previous quarter. PCMO use is expected to be steady across the quarter, maintaining steady use of inventories. Contracted exports for Group II base oils continue to be strong.
US Group II base oil demand is strong and is expected to remain strong in the third quarter. Exports remain a key factor, with contracted shipments to Europe and South America taking up ready inventories to serve demand from the export sector.
Group III base oil supply is expected to remain constant in the third quarter, with importers gauging the needs of the domestic market.
Group III base oil demand is growing across the quarters. Importers and some domestic production of Group III oils are maintaining supply balance with growing demand, but the needs of new engine designs and higher performance PCMOs are increasing. This key factor is the demand driver for the third quarter and forward in Group III oils.
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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