Volume 5 Issue 44

SSY Base Oil Shipping Report

Very little progress has been made in any of the regions over the past week. The Americas and Europe are still desperately slow, and Asia is only marginally better.-by Adrian Brown

China Remains Large Base Oil Importer

China is one of the worlds largest importers of base oils, and that looks unlikely to change as its finished lubricant market continues to grow. By 2021, base oil consumption in the country is forecast to exceed 8.8 million metric tons, up 11 percent from 2016, according to ICIS.

Results Dip at Castrol India, GP, Hi-Tech

Castrol India Ltd. posted a double-digit drop in profit for the quarter ended Sept. 30, while Apar Industries Ltd. reported higher revenue for its transformer and specialty oils division. GP Petroleums Ltd. and Pakistans Hi-Tech Lubricants Ltd. both reported worse results than the same period of last year.

Wells Opens Blend Plant in Tianjin

Wells Lubricating Oil (Tianjin) Co. announced that it opened a blending plant in Tianjin, China, to support its growing business. The company said it now has capacity to make 150,000 metric tons of lubricants per year.

From Other Editions of Lube Report

Briefly Noted

Hyundai Thailand and Shell Lubricants Thailand recently launched co-branded motor oils that are manufactured by Shell and that will be exclusively recommended in more than 30 Hyundai workshops nationwide. Business Automotive Solutionswill market and distribute PTPertamina Lubricantsproducts in Australia.