LUBE REPORT

Wednesday, July 8, 2009 VOLUME 9 ISSUE 27  







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ISSUE ARCHIVE
July 15, 2009
Vol. 9 Issue 28

[MORE]
SK to Spin Off Lubes?
SK Energy plans to spin off its lubricant business, according to a South Korean Yonhap News Agency report cited by Bloomberg on Friday. Yonhap, quoting an unidentified company official, stated that SK Energy “will maintain management control over the new unit while selling part of it,” Bloomberg said.
[FULL STORY]
 
Pressure Builds on Group I Plants
Expect 2009 to be a really tough year for the base oil business, an industry pundit predicts, with the global recession pulling down demand by 5 to 10 percent from 2008 levels and more than 2 million metric tons per year of new capacity coming on stream. One result? More pressure to close the least competitive API Group I refineries.
[FULL STORY]
 
Grease Production Slips in ‘08
Total reported grease production worldwide reached 2.25 billion pounds (1 billion kilograms) in 2008, and was 2.3 billion pounds in 2007, according to the latest grease production survey from NLGI International. Lithium greases continued to dominate worldwide, accounting for 73 percent of the total.
[FULL STORY]
 
Update on Lubes Down Under
Australia is a big country with a small population and a taste for high-quality lubricants, where most base oils and a growing share of finished lubes are now imported.
[FULL STORY]
 
Unioil Expands in Philippines
Unioil Petroleum Philippines Inc. is targeting five different regions in the Philippines as part of an expansion program for its automotive and industrial lubricant products.
[FULL STORY]
 
Kraton, Arkema, Oxea Raise Prices
Kraton Polymers announced upcoming price increases for polymers used in lubricants, while Arkema and Oxea have upped prices for solvents and oxygenated solvents.
[FULL STORY]
 
U.S. Base Oil Price Report
At first it appeared the U.S. market had a hard time rolling back into action following the extended July 4th celebratory weekend. But on Tuesday, Motiva gripped the industry’s attention with its plans to increase its line-up of API Group II and II+ postings between 20 to 35 cents per gallon.
[FULL STORY]
 
Europe-MidEast-Africa Base Oil Price Report
A very quiet week after the significant price hikes over the last two weeks, and with Repsol and Total start-ups, availabilities should be easing. However, no sooner have all the producers initiated their price increases when the market slows and things start to change yet again.
[FULL STORY]
 
SSY Base Oil Shipping Report
European markets have been boosted by a steady stream of new intra-European enquiries. Asian export enquiries have begun to trickle in too, which will help to move the surplus of tonnage in Asia and send it back where it is needed. One place that could most use an injection of additional tonnage is the United States, where prompt space is still remarkably tight.
[FULL STORY]
 
Publisher's Note: Facelift Finished for SB
Check out www.LNGSourcebook.com, the online Lubricants Industry Sourcebook from Lubes’n’Greases magazine. It’s just received its annual update, with all fresh listings, fresh ads and fresh new features.
[FULL STORY]
 
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Published by LNG Publishing Co., Inc.
Copyright © 2009 LNG Publishing Co., Inc. All rights reserved.
George Gill, Editor. Lube Report (ISSN 1547-3392) is published by LNG Publishing Co., Inc., 6105-G Arlington Blvd., Falls Church, Virginia 22044 USA. Phone: (703) 536-0800. Fax: (703) 536-0803. Website: www.LNGpublishing.com. Email: info@LNGpublishing.com. For advertising information contact Gloria Steinberg Briskin at (800) 474-8654 or (703) 536-7676 or gloria@LNGpublishing.com.
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