Asia

Asia Base Oil Price Report

September 1, 2023

Base oil prices were generally stable-to-higher in Asia, supported by firm crude oil and feedstock prices amid a tightening supply and demand balance. ...

Operating profit for Lanka IOC plummeted 80% for the quarter ended June 30 due to a steep increase in cost of sales, while Chevron Lubricants Lanka Pl ...

Amid a weak economy that is on the brink of deflation, Chinese blenders are keen to seek alternative options to keep their businesses running, includi ...

Japanese specialty lubricant producer Moresco Corp said this week that it will buy out its partner in a specialty lube joint venture in Wuxi, China, b ...

Japanese specialty lubricant manufacturer Moresco Corp. expanded its die casting lubricant market and production capabilities with the acquisition of ...

The competitiveness of Kazakhstan lubricant makers against Russian counterparts suffered because of the high duties paid by the former to export produ ...

SK Enmove on Wednesday announced the signing of a memorandum with Dell Technologies and GRC to develop immersion cooling systems for computer data cen ...

Asia Base Oil Price Report

August 25, 2023

Economic uncertainties in China raised concerns about the well-being of other Asian nations, as the second largest economy in the world has significan ...

SK Enmove today announced a memorandum of understanding with computer maker Dell Technologies and United States-based GRC to encourage the spread of l ...

Chinese lubricant manufacturer Luroda recently acquired GS Caltex’s 65% share in their joint venture blending plant in Tianjin, China, becoming the ...

Asia Base Oil Price Report

August 18, 2023

The base oils market in Asia seemed to be going through a transition, with recent trends becoming less obvious and some segments taking a new directio ...

South Korea exported 34% less base oil in July, and the reported value plunged 48%, compared to the same month last year, the Korea Customs Service re ...

Russia imported 282,000 tons of motor oils in 2022, and more than half of that was shipped from Asia, according to a new study, reflecting the ongoing ...

India’s lubricant market will be a bright spot in the global industry over the next decade, according to a consultant presentation at a recent confe ...

Asia Base Oil Price Report

August 11, 2023

There were contrasting trends in the base oils markets in Asia, with prices for some grades edging up, some remaining unchanged, and others moving dow ...

Aiming to offer replacements for foreign products, Chaoshui Technology Co. last week formally opened a metalworking fluid production facility with cap ...

The quarter ending June 30 brought mixed results for several Indian lubricant companies, as Gulf Oil Lubricants India Ltd. cited positive impacts from ...

The Kazakhstan government extended its ban on on-road exports of a variety of petroleum products including lubricants, according to an order published ...

Finished lubricant consumption in Japan declined 14%, while production of lubricants fell 17% and lubricant exports dropped by 34% in June, according ...

Weaker demand in key markets and ample supplies continued to exert downward pressure on some base oil prices in Asia, but values for other grades have ...