Volume 1 Issue 20
SSY Base Oil Shipping Report
May 16, 2018The market in the United States looks to be more stable this week. Europe sees more positives than negatives, although there are more public holidays still to come this month. Asia may have bottomed out too.-by Adrian Brown
Global Base Oil Market to Shift
May 16, 2018A global survey commissioned by ExxonMobil concluded that the number of lubricant blenders using API Group II base stocks exceeds the numbers using Group I or Group III oils. Additionally, it found that respondents expect Group III oils will be the most commonly used grade in 10 years.
Provisional Licensing Invoked for CK-4, FA-4
May 16, 2018The American Petroleum Institute invoked provisional licensing last week for its two newest heavy-duty diesel engine oil categories, API CK-4 and API FA-4, due to temporary unavailability of the specifications oil aeration test.
Results Up for Cosan, HollyFrontier
May 16, 2018Moove, Cosans lubricants segment, reported increased net revenue and sales volumes, and HollyFrontiers lubricants and specialty products segment posted higher revenues and income from operations for the first quarter.
From Other Editions of Lube Report
May 16, 2018Valvoline Raises Finished Lube Prices
May 16, 2018Valvoline notified customers of a general price increase up to 10 percent on branded lubricant products that went into effect May 1. The company attributed the price adjustment to rising raw material costs associated with manufacturing and distribution.
Briefly Noted
May 16, 2018Tri-iso Tryline LLC now distributes Emery Oleochemicals LLCs Dehylub ester base stocks and additives in the United States. SGS signed a license agreement with Wyoming-based LogiLube LLC for its SmartLab system, which gives SGS oil condition monitoring customers access to a platform that offers end-to-end chain of custody for fluid sampling and testing, as well as a cloud-based data repository and a web-based or mobile app portal for reviewing results. Oxea effective June 1 will increase prices on three solvents: propyl acetate and butanol by 5 cents per pound in North America and Mexico and $110 per metric ton in South America; and butyl acetate by 8 cents per pound in North America and Mexico and $175 per metric ton in South America.