Its been a week of mixed emotions, with very different attitudes adopted by sellers and buyers in response to a market which appears to be marking time.
Suppliers are not united. Some have decided to try to increase prices, albeit by small amounts, whilst others are relaxed enough to leave prices as they are. Others appear to be intent on moving inventory, and in certain cases are contemplating price reductions to move material prior to year end 2009. Some are even stating that they might cut production to reflect the lacklustre demand.
U.S. posted paraffinic base oil prices, as reported each week in Lube Report from Jan. 2004 to the present, are now available in Excel format. See www.BaseOilPrices.com.