Wednesday, 16 April 2014

Lube Report 15 April 2014

April 15, 2014
Volume 1 Issue 15

Lube Report

Balmer Lawrie & Co., India’s grand old grease company, is trying to shake off some dust. In the midst of a multi-plant plan to expand its production capacity, the 146-year-old company is also aiming to become a bigger player in the market for lubricating oils.

Fuchs Petrolub announced that its Australian subsidiary will build a lubricant blending plant in Beresfield, New South Wales, Australia, to replace an existing facility in Wickham. Officials said the new plant will be larger and will be in a better location.

South Korea's lubricant market is reacting to more stringent diesel vehicle emission limits that are being phased in this year and next with higher quality engine oils.

Sinopec Lubricants became a recommended supplier of oil-air lubricating oil for Yantai Huashun Machinery Engineering Equipment’s oil-air centralized lubrication system products.

Revenue growth from machinery production in China dipped to 1.8 percent in 2012 due to over-capacity, according to market research firm IHS Technology. The market research firm predicts a rebound to growth rates of 8-10 percent in coming years. U.S.-based BioBlend has selected Indonesian firm National Energy Solutions to distribute its bio-based industrial lubricants in Indonesia.

Lubes'n'Greases Classic
Conventional theories about metalworking fluids state that they react chemically with the surfaces of metal workpieces during the short time that the two are in contact. These reactions supposedly form metal chlorinate, metal sulfide or metal phosphor layers that are more easily removed by the machine tool. Researchers at a German supplier of metalworking fluids challenged that model.

Base Oil Reports

Asia Base Oil Price Report

With healthy demand and firm crude oil and feedstock costs continuing to exert upward pressure on base oil prices in Asia, it appears that prices are poised to move up.– by Gabriela Wheeler

Lube Report 16 April 2014

April 16, 2014
Volume 14 Issue 16

Lube Report

Gazprom Neft commissioned the second stage of its lubricant blending production in Omsk, Western Siberia, and confirmed it will soon start construction of an API Group II base oil plant in Serbia.

Carl Bechem GmbH completed acquisition of its joint venture partner’s 50 percent interest in Etna-Bechem Lubricants LLC, resulting in the formation of Bechem Lubrication Technology LLC.

Independents and majors are competing for Nigeria’s growing synthetic lubricants market, as Lubcon International, Forte Oil and Epoxy Oilserv all launched synthetic brands in the past six months.

Warren Oil Co. announced last week it has begun producing and packaging grease at its West Memphis, Ark. plant.

Allor-Plesh will distribute Calumet Specialty Products PartnersRoyal Purple lubricants to the North American steel industry. Indonesian firm National Energy Solutions will distribute Elk Grove Village, Ill.-based BioBlend’s biobased industrial lubricants in Indonesia.

Base Oil Reports

U.S. Base Oil Price Report

The dust appears to have settled in the U.S. base oils market, following a flurry of paraffinic posted price increases implemented between March 5 and April 8.–by Gabriela Wheeler

SSY Base Oil Shipping Report

U.S. markets have seen a slight uptick in volumes on several key routes while Europe and Asia remain mostly unchanged.–by Adrian Brown

EMEA Base Oil Price Report

With less supplies of API Group I grades, European base oil prices continue to firm.–by Ray Masson

Wednesday, 2 April 2014

Lube Report 2 April 2014

April 2, 2014
Volume 14 Issue 14

Lube Report

Shell Lubricants notified U.S. customers on Monday that prices for Shell brand finished lubricants will generally increase by up to 4 percent effective May 5.

Kline & Co. warns the base oil industry to prepare for substantial capacity rationalization and weak margins over the current decade, as demand growth slows and new capacity depresses the market.

ExxonMobil Chemical opened its new metallocene polyalphaolefin synthetic lubricant base stock plant at its Baytown, Texas complex, boosting the company’s global PAO capacity by 50,000 metric tons per year.

A fire last week at Fiske Brothers’ Toledo, Ohio, lubricants plant resulted in no injuries but caused approximately $8,000 in damages, according to the local fire department. Plant operators and fire crews quickly contained the blaze.

While Turkey’s lubricants market has sustained growth, it is still marred by illicit base oil trade despite government efforts to crack down, a Turkish oil industry association official said.

Calumet Specialty Products Partners is acquiring Tulsa, Okla.-based Anchor Drilling Fluids USA’s parent company, ADF Holdings, for $235 million.  Houghton International completed its acquisition of Henkel’s North American Steel Mill business, including rolling oils, pickle oils, wet temper fluids and steel mill-specific cleaners.  Automotive parts company Chr. Kapodistrias & Sons will distribute Castrol products for BP Eastern Mediterranean Ltd. in Cyprus.

Base Oil Reports

U.S. Base Oil Price Report

The U.S. base oils market was dealt a full house in terms of posted price increases, with a number of players joining those producers who had stepped out with announcements earlier this month.–by Gabriela Wheeler

EMEA Base Oil Price Report

Rising API Group I and Group II prices throughout the EMEA markets have stabilized at last week’s levels. Group l supplies from mainland suppliers are still tight, with Baltic avails still not forthcoming.–by Ray Masson

SSY Base Oil Shipping Report

European markets may not be quite as firm as before, while Asian markets are steady and the U.S. continues to endure a shortage of cargoes and weak rates.–by Adrian Brown