Home March 29, 2019

March 29, 2019

Volume 6 Issue 13

Vehicle Sales, Lube Quality Rise in ASEAN

As automobile sales continue to grow among Southeast Asia countries, synthetic lubricants formulated with polyalphaolefin and other higher quality base stocks are expected to increase their market share, an analyst at Frost & Sullivan told Lube Report.

Three Firms Fined Over Tianhe IPO

Hong Kongs Securities and Futures Commission fined UBS, Morgan Stanley and Merrill Lynch this month for inadequate due diligence in the 2014 initial public offering of Tianhe Chemicals Group Ltd.

In China, Demand Weakens, Channels Shift

At a trade show in Beijing, China, for automotive aftermarket products, lubricant companies and industry analysts discussed how to survive declining oil consumption and shifting distribution channels.

Briefly Noted

Pilipinas Shell will supply Autokid Truck Solutions with a range of lubricants after the two companies signed an agreement last week. Pertamina will open 10,000 new Pertashop retail fuel stations, which supply Pertamina lubricants products, in Indonesia.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

Base oil producers persisted in their efforts to improve spot price levels given the recent rise in crude oil and feedstock values, but plentiful availability hampered the upward movement of prices.-by Gabriela Wheeler
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