The EMEA base oil market is feeling pressure from more than one side, including markets that were recently seen as cheaper or safer sources of supply.
Far Eastern base oil prices have risen dramatically during January, after a long spell in the doldrums. As a result, buyers in areas such as India, U.A.E. and East Africa are looking for alternative supplies. Mainland European, Black Sea and Baltic supplies are consequently scant, and where products are available in pockets, prices are moving up to take account of the increasingly short market.
Free Lube Reports
Get alerts when new Sustainability Blog articles are available.
Base Oil Pricing Report Base Stocks Market Topics Other