Volume 2 Issue 45
A faint yet discernible increase in activity has been seen in both the United States and Asian markets. Some European routes are also in a healthier state, but there are some routes that have stagnated.-by Adrian Brown
The base oil market is changing as the industry tackles new sources of product, increasingly demanding lubricant performance requirements and a variety of other challenges, an industry insider said at an event in Cannes, France.
Imports are on the rise in Russias grease market, but domestic lubricant makers are trying to displace them by offering products of similarly high quality. However, low-quality greases made by some domestic producers continue to dominate a large portion of the market, an industry insider said.
Independent lubricants blender Fuchs Petrolub SE reported a decrease in profits and an increase in sales, while BPs lubricants business posted an increase in profit for the third quarter compared to 2018s third quarter.