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US Base Oil demand remains status quo with refiners keeping prices almost at the same level

 
 

Base Oil Report:Base Oil demand in the USA remains status quo with prices almost at the same level. But at the current level also there are hardly and quantum buyers coming forward for their requirements.Most of the Napthenic grades have also shown considerable sign of weakness due to low industrial growth fearing a slow down and reduction in demand from the user industries. Pale -2000 a product which has a versatile applications is most of the time in demand and it’s inventories is also at a very low level which keep it’s prices firm. While for the Export market demand is forthcoming but at a negotiated prices. FOB Exports prices for Pale -2000 is in the range of USD 710 - 720 per MT depending on importing countries origin and logistical cost involved in shipping the goods so as to be competitive in that market.Group II Base Stocks prices in domestic and export market is steady.