Base oil markets in Europe, the Middle East and African regions are viewed as soft across the board now and many believe they could remain so into next year.
Prices for all products are lower than three months ago, although there have been mini-spikes during that period. The general forecast is that base oils will face further downward pricing pressure through November and December and possibly through the first quarter of next year. Thereafter some pundits believe that crude oil and feedstock values will strengthen, switching base oil pricing pressure upward. Of course, this outlook is subject to change and variation, depending on a multitude of factors that could affect the markets.
Base Oil Pricing Report Base Stocks Market Topics Other