Base Oil News

Base Oil News focuses on the interplay between fundamentals and prices in the global base oils and lubricants markets.

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Global Base Oils and Lubricants Markets

Global Editor, Base Oil News

Iain Pocock

Global Editor

Commodities

<ul><li>Domestic China Group II light-grade price-premium to Shandong diesel extended its rise in January, climbing to the highest in more than four years.</li><li>The rising price-premium pointed to firm supply-demand fundamentals and signs of stock-building ahead of Lunar New Year holidays in the second half of February.</li><li>The firm margins incentivized domestic refiners to maintain higher operating rates, adding to domestic supply.</li></ul>

Domestic China Group II light-grade price-premium to Shandong diesel extended its rise in January, climbing to the highest in more than four years.The rising price-premium pointed to firm supply-demand fundamentals and signs of stock-building ahead of Lunar New Year holidays in the second half of February.The firm margins incentivized domestic refiners to maintain higher operating rates, adding to domestic supply.

Mangalore Refinery & Petrochemicals (MRPL IN)

Asia/China Base Oil Margins: Market Signals and Trade Implications