Volume 6 Issue 20
SSY Base Oil Shipping Report
May 17, 2019A big question mark hangs over the U.S. markets and the potential impact on shipping following the breakdown of trade talks with China. European and Asian markets are essentially unchanged.-by Adrian Brown
Aussie Lube Industry Shrinks
May 17, 2019The Australian lubricant industry is in a sustained decline, as local producers face increasing competition from importers and tougher conditions in export markets, according to an annual market analysis by market research group IBISWorld.
Clouds Loom for Chinese MWF Suppliers
May 17, 2019Chinese metalworking fluid suppliers will face many challenges in the coming years, including stricter health and safety laws, weak research and development capability and a declining economy, industry insiders said at an industry conference held in Shanghai May 7.
Japanese Suppliers Post Mixed Results
May 17, 2019Japanese lubricant companies Idemitsu Showa Shell and Yushiro Chemical Industry each reported increased sales volumes for their 2018 fiscal year, while the countrys largest lubricant producer, JXTG Holdings, posted a decline. Indias Maximus International Ltd. reported an increase in net profit.
From Other Editions of Lube Report
May 17, 2019Briefly Noted
May 17, 2019The lubricants business division of Taiwanese state-owned petroleum company CPC Corp. signed a strategic cooperation agreement with key base oil and additive suppliers during the divisions 20th anniversary celebration event on March 19 in Kaohsiung, the company announced on May 6.