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
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.
The highly anticipated ICIS African Base Oils & Lubricants Conference will reunite industry leaders and professionals for three exciting days, to learn the latest insights and developments in the African base oils, lubricants and delve into international and African challenges and opportunities. Here you can connect and share best practices with over 140 key industry players, representing 80 companies from 25 countries.