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Base oil price to decline to a low level

Shandong (JLC), March 24, 2020--It is predicted that base oil prices will maintain low-level fluctuations and some grades’ prices may decrease further, amid supply pressure, price war and COVID-19.

03-24-2020 08:33:42

More tariffs have little effect on base oil market

More tariffs imposed on US goods will have little effect on China’s base oil market, according to JLC.

08-14-2018 17:23:16

Base oil prices surge in May

The Chinese base oil market rose from mid-May along with rising international crude prices and domestic vacuum side stream distillate prices.

05-29-2018 14:22:02

Base oil to end weak in Q1

China domestic base oil market remained weak as of April 24th. Non-standard Class-I oil declined by CNY200-300/mt before. Base oil market saw thin trading due to poor demand. The prevailing prices of base oil 150SN and 250SN averaged CNY5,100/mt and CNY5,300/mt respectively, JLC data shows.

04-24-2018 17:36:43

China base oil prices rise amid bullish sentiments

China domestic base oil trading continued to recover and most independent refiners raised their base oil offers recently. The market moved up noticeably, due to the followings:

01-23-2018 10:49:05

Events in China base oil market

CNOOC Huizhou Refining plans unit overhauls in September 2018.

12-26-2017 15:18:31

Base oil price is to climb amid tight supply under environmental inspection

Ministry of Environmental Protection of the PRC (MEP) held a ministry meeting, discussed the environmental & economic situation analysis and work in H1 2017 and arranged the work in H2 2017.

08-17-2017 11:27:15

Base oil market overview of H1 2017 and outlook

Introduction: Base oil market in China was weak with slack terminal demand and worries from “bleak season” in the first half of 2017.

07-26-2017 16:56:15

Base oil imports declined in May amid bleak demand

According to General Administration of Customs of the PRC, China imported base oil 259,500 mt in May, 2017, declining 12.11% MoM, the second decrease for the past three months.

07-18-2017 11:30:45

Saudi Aramco starts base oil business

According to market sources, Saudi Aramco has announced its plan of entering base oil business as part of its endeavor to optimize oil value as well as development refining and chemical business.

02-21-2017 18:07:51

Base oil’s sales volume increased slightly in October and the supply pressure may lift

In October, domestic base oil sales volume increased slightly compared with September amid the weak demand. Filled downstream inventory and lifting imported base oil loosened the whole demand-supply situation.

10-20-2016 17:26:00

In August domestic imported base oil price generally fell back

In July and August, China base oil market was obvious oversupply. So, imported base oil market was affected. Not only the total volume fell, but also the base oil price dropped, especially the cargos from Thailand and South Korea.

08-23-2016 15:47:07

Taiwan Formosa Plastic will export base oil spot cargoes to mainland at the end of August

According to a source from Formosa Plastic Corp., the refinery plans to restore its class II base oil spot cargo exports to mainland market at the end of August.

08-05-2016 13:39:34

Base oil weekly trading strategy (July 10th, 2015)

From July 6th to July 10th, China domestic base oil nudged down, especially for II-type refineries, which had low-viscosity II-type base oil dropping a little.

07-13-2015 14:47:15

Hike of consumption tax saves base oil price from dropping

On December 17th, JYD assessed the price index of base oil 150SN at 7,433, 63 lower than that of December 1st. The price index of base oil 400SN read 7,510, dropping 146 from December 1st.

12-22-2014 14:41:22

Wait-to-see Sentiment Continues in China Base Oil Market

On October 23, price index of base oil 150SN and 400SN read 8,302 and 8,453 respectively, down 17 points and 25 point from September 25.

10-24-2014 09:02:17

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