Base Oil Prices, News, Database, Trend | ChemAnalyst

1
Base Oil Prices Overview
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Market Overview Quarterly Update on Global Base
Oil Market   For the Quarter Ending September
2020   Asia   Base Oil demand was stagnant due to
weaker automobile growth in the North east and
South East Asian countries. As the downstream
automotive sector continued to perform
lackluster, overall demand in Asia remained
stagnant under gloomy economic conditions. Supply
from South Korea remained constant as there were
no major turnarounds in the country. Get more
info https//www.chemanalyst.com/Pricing-data/ba
se-oil-63
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Base Oil Prices Overview
E-mail info_at_chemanalyst.com website
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However, imports from the Middle East remained
restricted due to resumption of operations at
lower refineries in China, which created ample
product availability at competitive prices.
Business activities which showed marked recovery
during Q3 amid the news of vaccine roll-out by Q4
have created a positive sentiment in the regional
market. This, backed by better prospects for
crude oil helped producers in pushing pricing
curve upwards. Base Oil Grade II H-100 was
assessed at USD 525 per tonne, while Grade II
H-70 was priced around USD 670 per tonne on CFR
India basis.  North America   Despite reduced
refinery run rate, light viscosity Group I oil
supply was sufficient for the contract customers.
The Group II Base Oil demand was especially
strong in export market during Q3 largely from
emerging nations such as India and Brazil.  Group
III supply was comfortable while suppliers were
more focused on contract manufacturers created a
tighter supply for spot buyers throughout the
quarter. US base oil export prices gained
unusually compared to the US domestic
rates.    Europe   Following severe drop in the
demand in Q2, amidst stalling automotive
industry, a substantial recovery in the product
demand was observed at the beginning of Q3. 
Though Group II demand was flat for most of the
quarter, the demand of other base stock saw a
firmed demand. Supply in September was tighter
due to shortage in import from North America as
an after of Hurricanes in the Gulf Coast. The
demand for heavier grades was on a higher side
compared to lighter grades. Output was increased
by some blending units, as import disruption and
maintenance is curbed by domestic supply to keep
the market supported.  
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Base Oil Prices Overview
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• How we can help
• ChemAnalyst addresses the key problematic areas
  and risks associated with chemical and
  petrochemical business globally and enables the
  decision-maker to make smart choices. It
  identifies and analyses factors such as
  geopolitical risks, environmental risks, raw
  material availability, supply chain
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  data points to execute multi-billion-dollar
  projects globally.
• Methodology
• ChemAnalyst gathers information through primary
  research surveys conducted with various Base Oil
  manufacturers, spread across the domestic and
  international markets, suppliers and
  dealers/distributors to gain insights
  into value-chains and demand-supply scenario to
  assess the market situation. Thorough study of
  the companys annual reports and secondary
  sources such as exhaustive search on credible
  paid databases, including our internal database
  is done to verify the information. All the
  collected information is analyzed, evaluated and
  presented in chronological order to depict a
  meaningful and clear picture of the concerned
  market.
•  
• Our dedicated team of industry experts
  comprehensively monitors and analyzes various
  aspects of the Global Base Oil market. The team
  analyzes various industrial segments, strategic
  viewpoints and provides an analysis of the
  industrys performance in the long run. This
  would enable our clients in efficiently plan
  their future investments, mitigate risk,
  understand the cost dynamics and strike out a
  balance amidst market volatility.
•  
• Critical examination of the impact of COVID-19
  pandemic on the global supply chains and shift in
  demand patterns with change in buying behavior of
  consumers across the globe.
•  

4
Base Oil Prices Overview
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www.chemanalyst.com/
Several ongoing development projects across
industries are tracked, followed by the details
of major projects in the development stage, which
can positively or negatively influence Global
Base Oil market. Pricing is captured
through exhaustive primary interviews with
domestic and international manufacturers, traders
and importers and customers on monthly and yearly
basis.   Finally, region-specific markets for
Base Oil are analyzed and region-wise demand
pattern is tracked. About Base oil is the main
component in the production of lubricants
including greases, motor oil and processing
fluids. They constitute around 90 percent in
lubricants. The American Petroleum Institute
(API) has categorized base oils into five
categories. Group I, II and III are refined from
crude. Group IV is based on polyalphaolefins base
oils and are known as synthetic and remaining all
are classified as group V. Group I Base Oils are
solvent refined and contain high sulphur content
and thus are the cheapest base oils in the
market, Group II are widely used Base Oils in the
market due to better antioxidant properties and
are priced closed to Group I. Though made from
crude oil, Group III Base Oils are sometimes
known as synthesized due to severe hydrocracked
process these are made to go through. The longer
process is designed to achieve purer base oil.
Group IV are made through process called
synthesizing and have a broader temperature range
and are used in extreme conditions. Group IV Base
Oils are costlier than other three due to its
increased properties. Group V Base Oils are all
other Base Oils which include silicones,
phosphate esters, polyalkylene glycol, polyester,
biolubes, etc.