Volume 1 Issue 36
There have not been any particular developments in the different regions around the world. Activity levels remain subdued, and rates are soft all over.-by Adrian Brown
An industry association said this month that U.S. tariffs on China were constraining availability of DCHA, a corrosion inhibitor used in metalworking fluids. Industry sources say supply is actually easing, though tariffs could still have an impact.
The Petroleum Quality Institute of America said in a report that 91 percent of the J303 tractor hydraulic fluids included in a recent test failed to meet viscosity requirements for the current J20C specification or the J20A specification, which has been obsolete since 1989.
The Latin and South American regions are expected to experience slow, gradual growth in demand for multigrade and lighter engine oils in the coming years, stimulating imports of API Group II and III base oils, an industry analyst told a conference last week.