The term deja vu comes to mind: prices only seen some two years ago are starting to make a comeback.
The EMEA base oil market is exceptionally difficult to pin down even in terms of a range of prices this week, due to the large disparity in numbers being sought by producers for mainline and secondary production. There are signs, albeit small ones, that demand is starting to pick up. This is not a dramatic increase in activity, but could lead to base oils becoming relatively short in the EMEA area.
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