Home October 16, 2019

October 16, 2019

Volume 2 Issue 42

Base Oil Margins Squeezed by Glut

Global finished lubricant demand isnt keeping up with expanding base oil supply, threatening the cash margins of mineral base oil producers, officials at Kline & Co. said in a webinar last week.

3-D Printing Called Threat to Metalworking Fluids

The budding 3-D printing industry has the potential to disrupt the lubricants industry by lessening or virtually eliminating the need for metalworking fluids, an executive with a digital manufacturing company told the Independent Lubricant Manufacturers Associations annual meeting last month.

Master Fluid Acquires Wilhelm Dietz

Perrysburg, Ohio-based Master Fluid Solutions announced on Oct. 7 the acquisition of German metalworking fluids manufacturer Wilhelm Dietz GmbH, saying it will enable products that it sells in Europe to be made in-house instead of through toll partners. Terms were not disclosed.

Briefly Noted

Sea-Land Chemical began distributing Biosynthetic Technologies biobased base oils in North America effective Aug. 15, with exclusive distribution into the transportation and industrial lubricants market. A new partnership of the automotive aftermarket division of Robert Bosch GmbH and Castrol will run jointly branded workshop pilots in the Orlando and Tampa area of Florida in the United States. The test in the market will include up to 25 joint workshops, each offering Castrol lubricants and Bosch parts and services. Evonik Oil Additives USA Inc. appointed Richard Van Sleet regional president in the Americas. He will retain his current responsibilities as global head of marketing for lubricant additives.

Base Oil Reports

purple world americas

SSY Base Oil Shipping Report

Demand to supply of tonnage is well balanced in the U.S. Gulf, keeping rates mostly stable. European markets are not under a great deal of stress either. However, Asia has been quieter recently.-by Adrian Brown
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