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 Q2 2021
Availability is expected to improve but will remain snug. HollyFrontier and Calumet will have to ramp up after the deep freeze prolonged their turnarounds, while ExxonMobil resumes production at Baytown. Availability from these suppliers is not expected to improve until late April. Ergon has a planned turnaround in April, which will keep supplies snug.
Demand is expected to remain strong amid ongoing shortages both domestically and globally. Demand will outpace available supply in the near term as ongoing weak fuels demand will continue to limit supply. Rebounding economic activity will spur industrial activity, which will support demand for Group I base oils.
Availability is expected to improve but remain limited. Motiva and ExxonMobil Baytown resumed production in late March. Players anticipate refiners to run at the strongest rates they can to make up for down time. Although weak fuels demand persists globally, US refiners are expected to run strong to make up for freeze-related outages.
Demand is expected to remain strong amid ongoing shortages both domestically and globally. Demand will outpace available supply in the near term. It may be some time before US suppliers can return to supplying export markets outside of light-viscosity material. Lubricant demand will pick up seasonally in Q2.
Availability is expected to remain limited. Motiva resumed production in late March, but ongoing feedstock tightness in other regions will weigh on availability. Group III turnarounds will also limit availability.
Demand is expected to remain strong amid ongoing shortages both domestically and globally. Demand will outpace available supply in the near term. Lubricant demand will pick up seasonally in Q2, potentially creating even tighter conditions.
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.
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.
The main use for base oils is in the manufacture of lubricants, of which there are many thousands of types.
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.