Electrifying Times
Oversupply is the name of the game in the European base oil market at the moment. Prices are under pressure, compounded by declining demand for API Group I grades. Meanwhile, new production within the region and steady imports from the United States and Asia are having a similar effect on Group II prices.
One factor that may yet exert more pressure on prices is the rise of electrified vehicles. Whether they be hybrid, plug-in hybrids or purely battery powered, their fluid requirements are changing, and that means demand for certain base oil grades may dwindle further.
Major lubricant and additive companies have been developing new products and business strategies in response to this EV wave. But small and medium-sized enterprises that perhaps cannot accommodate inhouse teams to follow every market development look to publications such as ours for information, and we are delighted to present it.
It is with pleasure that I announce the second annual LubesnGreases Perspective on Electric Vehicles. Built upon the foundations of last years annual and quarterlies, we have collated what we believe is a definitive guide to the sector to help your company plan for the year ahead. To secure your copy, visit www.LubesnGreases.com/electric-vehicles.
– Howard Briskin
HBriskin@LubesnGreases.com