Limited availabilities of almost all grades characterized the EMEA base oil market this week. Buyers are finding difficulty laying hands on prompt material, particularly at prices they deem acceptable.
Any prompt barrels available are being offered by producers at premiums over the prices published in the market. With the market moving at top speed, it has been difficult for buyers to respond fast enough for the prices offered to hold validity. Prices are changing daily, and any delay in accepting an offer results in the prices being withdrawn, with subsequent offers at higher levels.
Get alerts when new Sustainability Blog articles are available.