Following the path of other naphthenic producers, Nynas announced a 35 cents per gallon increase for its lineup. Although sources anticipate some paraffinics price action, there was still no movement.
Nynas said it would raise its pale oils by 35 cents/gal effective Thursday, March 15. Recapping other moves, on Friday, March 2, San Joaquin Refining increased naphthenic base stocks between 20 cents and 25 cents/gal. On Wednesday, March 7, Calumet raised its pale oils by 25 cents/gal across the board. Cross Oil, on Friday, March 9, initiated increases between 25 cents/gal and 35 cents/gal. Ergon lifted all of its pale oils by 28 cents/gal increase on Monday, March 12.