Home July 2, 2008
July 2, 2008
The frenzied U.S. base oil arena was again riddled with price hikes this week, but this time the increases were substantially higher than seen in the past, up to 60 cents per gallon.
BASF last week announced it will raise prices in some regions for polyetheramines used in additives, and PMC Biogenix on Monday said it would increases prices for fatty amide, bisamide and metallic stearate products used in metalworking fluids.
Master Chemical Corp. has opened Master Chemical Fluid Solutions Philippines Inc. in metro Manila, Philippines, hoping to service a growing manufacturing and high-tech base and feed its appetite for coolants and metalworking fluids.
KUALA LUMPUR, Malaysia - SK Energy Co. said its Yubase Plus API Group III base oils, from its joint-venture refinery in Dumai, Indonesia, are the first higher viscosity index Group IIIs to reach the merchant market.
Graceland will get a new neighbor this summer when Alderox Inc., a California-based manufacturer and marketer of non-stick release agents and lubricants for mining, asphalt and concrete operations, opens the doors to a new production facility in Memphis, Tenn.
The Independent Lubricant Manufacturers Association last week asked the Federal Trade Commission to include price squeeze - a major oil companys rapid escalation in base oil prices, followed by lengthy delays in raising its own finished lubricant prices - as manipulative under its rulemaking to interpret and enforce provisions of the 2007 Energy Independence and Security Act.