The U.S. base oil market remains stable – as it has been for much of 2003. On the paraffinic side, observers said, supply and demand remain generally balanced despite disruptions at a number of refineries.
According to sources, the fact that shortages have not occurred probably owes to weak demand. Buyers said ample supply seems to be available. Buyers and sellers say they sense no upward or downward pressure on prices, which have not changed since August.