Volume 1 Issue 17
A bit more business has been detected in the U.S. markets this week. Europe is steady, with freights roughly unchanged. Asian coastal markets are very much hand-to-mouth, however, with some freights starting to weaken.-by Adrian Brown
Automotive lubricant demand in Canada is expected to fall roughly 5 percent from 390,000 metric tons in 2016 to 370,000 tons in 2021, thanks to lengthening drain intervals, the Freedonia Group predicted in a recent study.
Shell announced yesterday that it agreed to sell its downstream business in Argentina to Raizen, a 50-50 joint venture with Brazilian sugar producer Cosan. The business is reportedly one of the three largest lubricant suppliers in the Argentinian market.
May 1 will be the first licensing date for API SN Plus, the supplemental classification for passenger car motor oils.