The EMEA base oil market appears to be in some form of turmoil, with sporadic pricing movements depending on product, grade and location. A really messy picture is evolving with some suppliers running for cover, whilst others are willing to join the fray and are suggesting some lower numbers for supplies.
Some sellers have indicated that they are prepared to talk of lower prices for certain grades such as SN 150, but only those located in northwest Europe appear to be going along with this sentiment. What appears to be happening is that certain price pressures are being exerted from Baltic supplies, where Russian prices have fallen from their highs but have now stabilized. The original downward movement, however, has caused a knock-on effect for producers in northwest Europe who are looking to maintain market share and keep their receivers sweet, all within a market which, even more peculiarly, is low on demand but at the same time even lower on supply.
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