A powerful winter storm sweeping across the United States over the last week forced several refineries and gas production sites to shut down temporarily. The freezing temperatures, combined with the year-end holidays, dampened business activity in large areas of the country, with few changes noted in the base oils market. The only exception may be a posted price decrease communicated by SK Lubricants Americas on Dec. 20, which will go into effect during the week.
As reported last week, SK will be decreasing its Group II+ 3 centiStoke prices by 40 cents per gallon, its API Group III 4 cSt grade by 15 cents/gal and its 6/8 cSt cuts by 25 cents/gal, effective Jan. 1. The price ranges posted on the Price Table below have been adjusted to reflect this decrease.
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