Home August 2, 2016

August 2, 2016

Volume 3 Issue 31

In China, Suppliers Refine Business Models

As China's lubricant market becomes more crowded, some suppliers - including both oil manufacturer marketers and distributors - are seeking new ways to gain market share.

New Base Oil Supply Seen as Boon for India

Base stock prices in India are likely to come under pressure in the coming months as greater availability from several nearby sources boosts potential supply for the worlds third-largest lubricant market.

Castrol India Posts Highest-ever Profit in Q2

Lubricant maker Castrol India Ltd. reported a 12 percent jump in its second quarter net profit, as volume growth in the personal mobility and industrial segments drove sales higher.

Naco Partners Make Light Coal-based PAOs

Researchers working with Chinese chemical supplier Naco recently reported progress in the development of low-viscosity polyalphaolefins, generated from coal, that could be used in the formulation of automotive engine oils.

Briefly Noted

Indonesia'sPertamina Lubricants, after acquiring Thai lubricant blenderAmaco Production Co.in December 2014, last week officially incorporated the entity asPertamina Lubricant Thailand Ltd.at an event in Bangkok. Increased construction spending and growing automotive industries in Indonesia, India and China are driving regional growth of the alpha olefins market, which is expanding at a compound annual growth rate of 5.8 percent in the next six years in Asia, the fastest-growing market worldwide, Grand View Researchreported. Pakistans Oil and Gas Regulatory Authority approved the registration of Hi-Tech Lubricants Lahore blending plant for commercial production through July 21, 2017.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

While most base oil prices remained stable to firm, there has been a subtle softening, since last reporting on July 19, in demand for heavier-viscosity grades in particular. - by Gabriela Wheeler
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