Asia Base Oil Price Report

A tighter supply and demand scenario lent stability to base oil pricing in Asia, although there were some corners of the market that have started to show a slight build-up of product given top operating rates at most base oil plants and softer consumption of certain grades compared to others. Activity in the key market China improved, and this encouraged buyers in other countries to secure product to avoid potentially snug supplies and higher prices in coming weeks.–by Gabriela Wheeler