Monday, 26 May 2014

Lube Report 21 May 2014

May 21, 2014
Volume 14 Issue 21

Lube Report

Takreer’s flagship API Group II/III base oils plant at Ruwais, U.A.E., is facing further delays and may not start production before the end of the year.

A United States District Court in Colorado has ordered a Utah-based bicycle chain lube distributor, Squirt LLC, to stop counterfeiting and marketing its former supplier’s product, Squirt.

Fuchs Petrolub SE said last week that it has agreed to buy Lubritene and Lubrasa, sister specialty lubricant companies based in South Africa.

TPC Group’s board approved funding toward the next engineering phase of a third polyisobutylene production unit at its Houston facility. PIBs are used as a chemical intermediate in lubricant additives and as base stocks in lubricants.

The Nigeria Automobile Technicians Association’s recent endorsement of Ammasco International Ltd.’s lubricants could be a first step toward Nigerian independents gaining a larger share of the nation's lube market.

Clean Harbors’ rerefining revenues were down slightly in the first quarter compared to year earlier, while Cosan Lubrificantes’ net revenues for the first quarter were up slightly from 2013’s first quarter.

May brought a bumper crop of consulting reports: ResearchMoz predicts the global independent lubricant manufacturing market will be valued at $8.5 billion in 2019, in “Independent Lubricant Manufacturers Market – Global Industry Analysis.” The biolube market, estimated at 1.4 million pounds and valued at $2.1 billion in 2014, will grow 5.5 percent per year and reach $3 billion by 2020, according to Research and Markets, in “Biolubricants – Global Market Overview.” In “Synthetic Lubricants Market Analysis,” Grand View Research estimates the global synlube market will reach $3.72 billion by 2020, with volumes growing nearly 3 percent per year from 2014 to 2020.

Base Oil Reports

U.S. Base Oil Price Report

Amid discussions of a U.S. supply crunch and delays at the new Chevron plant in Pascagoula, Miss., ExxonMobil raised posted prices this week.–by Gabriela Wheeler

EMEA Base Oil Price Report

Base oil prices appear to have plateaued, with sellers and buyers prepared for business as a series of turnarounds wraps up. –by Ray Masson

SSY Base Oil Shipping Report

Adrian Brown is away.

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