ICIS’ Post

🌏 Asia’s Base Oils Market: Resilient Amidst Global Uncertainty 🌏 Check out this infographic for a quick visual snapshot of demand drivers and regional trends:

Asia’s Base Oils Market: Resilience Amid Global Uncertainty! The Asia base oils market continues to show resilience, despite the current global challenges. Have a look at the infographic for a quick snapshot of the key demand drivers and regional trends shaping the market. As we move into H2 2024, expect moderate shifts: - Group II supply is set to rise - Group III availability will expand - China’s demand is projected to recover, with a potential decline in imports For a deeper dive into what these trends mean for the industry, don’t miss our Asia Base Oils Midyear Outlook. http://spkl.io/6048fMCe4 #BaseOils #MarketOutlook #ICIS

Global base oils exports to the Middle East surged in July, reaching a three-month high of over 43,000 tonnes, largely driven by shipments from Europe and Asia. This replenishment of stocks has slowed buying urgency, with many waiting for more competitive prices, especially as crude prices decline. Despite this rise, exports remain lower than the first quarter's surge, reflecting tightening supplies. With weak Group II heavy-grade prices and the potential for surplus buildup amid seasonal slowdowns, the market continues to show signs of shifting supply-demand fundamentals. #BaseOils #ICIS #MiddleEast https://lnkd.in/dAPunHPm

Asia base oils demand outlook: Week of 7 Oct ICIS subscribers - click: https://lnkd.in/e_g65T-W Baseoilnews subscribers - click: https://lnkd.in/eyFZe2h4 #oil #baseoilnews #baseoils #lubricants #autosales #economicgrowth #inflation #refinery #dieselprices #gasoline #crudeoilprices #usa #americas #brazil #argentina #europe #italy #covid #france #germany #asiapacific #china #india #autosales #currency #inflation #interestrates #gdp #pmi #centralbanks #sanctions #icis #consumerconfidence #lubrificantes #globalmarket #lubricantes #aceitedemotor #hurricaneseason #monsoonseason #fundamentals #outlook

𝗠𝗮𝗿𝗸𝗲𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 𝗣𝗲𝘁𝗿𝗼𝗰𝗵𝗲𝗺𝗶𝗰𝗮𝗹𝘀 𝗶𝗻 𝗔𝘀𝗶𝗮 Stable prices were observed with varied trends. Spot prices for key Asian petrochemicals like 𝗕𝗲𝗻𝘇𝗲𝗻𝗲, 𝗧𝗼𝗹𝘂𝗲𝗻𝗲, and 𝗦𝘁𝘆𝗿𝗲𝗻𝗲 were observed with mixed trends. 𝗕𝗲𝗻𝘇𝗲𝗻𝗲 prices increased due to strong demand for 𝘀𝘁𝘆𝗿𝗲𝗻𝗲, while 𝗧𝗼𝗹𝘂𝗲𝗻𝗲 prices declined in 𝗜𝗻𝗱𝗶𝗮 because of high local supply. 𝗦𝗵𝗼𝗿𝘁-𝗧𝗲𝗿𝗺 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗶𝗼𝗻𝘀 Benzene prices might remain stable in the third quarter due to the market demand and naphtha costs. Toluene prices could stay low in India because of high inventories. 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗥𝗮𝘁𝗲𝘀 - 𝗕𝗲𝗻𝘇𝗲𝗻𝗲 𝗙𝗢𝗕 𝗞𝗼𝗿𝗲𝗮: $1,040.33/mt - 𝗧𝗼𝗹𝘂𝗲𝗻𝗲 𝗙𝗢𝗕 𝗞𝗼𝗿𝗲𝗮: $879.50/mt - 𝗦𝘁𝘆𝗿𝗲𝗻𝗲 𝗖𝗙𝗥 𝗖𝗵𝗶𝗻𝗮: $1,169/mt - 𝗦𝘁𝗼𝗰𝗸 𝗟𝗲𝘃𝗲𝗹𝘀 - 𝗖𝗵𝗶𝗻𝗮: Toluene stocks decreased slightly in East China but increased in South China. - 𝗜𝗻𝗱𝗶𝗮: Toluene prices softened due to high port inventories. - 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 Rising crude oil prices benefited suppliers, but downstream profits struggled. Styrene prices rose due to tight supply expectations, while Toluene prices in India dropped due to high inventories. 𝗪𝗵𝗮𝘁 𝗧𝗵𝗶𝘀 𝗠𝗲𝗮𝗻𝘀 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱𝘀: Possible price changes are expected due to supply and demand shifts. 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: A sourcing plan should be in place based on current stock levels and anticipated market changes. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆: Better information on market trends can help make better purchasing decisions. #MTALXEnergyMarketBuzz #MarketBuzz #China #India #Market #Chemicals #Petrochemicals #InclusiveGlobalGrowth #MTALXEnergy

Americas/EMEA base oils - week of Jan 22: Demand outlook https://lnkd.in/ekPyt7vc #oil #baseoilnews #baseoils #lubricants #autosales #economicgrowth #inflation #refinery #dieselprices #gasoline #crudeoilprices #usa #americas #brazil #argentina #europe #italy #covid #france #germany #asiapacific #china #india #autosales #currency #inflation #interestrates #gdp #pmi #centralbanks #sanctions #icis #consumerconfidence #lubrificantes #globalmarket #lubricantes #aceitedemotor #hurricaneseason #monsoonseason #fundamentals #outlook

Sulfur Price Trends: July-August 2024 🌍 Global sulfur prices are influenced by regional supply and demand dynamics. Key insights: -Asia-Pacific (China, India): Prices around USD 125/ton in China, USD 210/ton CIF in India. 🇨🇳🇮🇳 -Europe: Prices expected between USD 99-110/ton FOB Hamburg. 🇪🇺 -Middle East & Africa: Prices stable or slightly declining. 🌍 -North America: Prices around USD 126/ton FOB. 🇺🇸 Forecast - July: Stable, slight decline due to ongoing negotiations. - August: Expected firming as demand increases. 📈 Stay updated for more market insights. #SulfurMarket #ChemicalIndustry #GlobalTrade #Fertilizer #SulfurPrices #MarketTrends #Asia #Europe #NorthAmerica #MiddleEast #SulfurSkyCo #SulfurSky #ChemicalTrading Sources: Argus Media, IMARC Group, ChemAnalyst.

Americas/EMEA base oils - week of Jan 15: Demand outlook https://lnkd.in/eSB-UAMV #oil #baseoilnews #baseoils #lubricants #autosales #economicgrowth #inflation #refinery #dieselprices #gasoline #crudeoilprices #usa #americas #brazil #argentina #europe #italy #covid #france #germany #asiapacific #china #india #autosales #currency #inflation #interestrates #gdp #pmi #centralbanks #sanctions #icis #consumerconfidence #lubrificantes #globalmarket #lubricantes #aceitedemotor #hurricaneseason #monsoonseason #fundamentals #outlook

Americas/EMEA base oils demand outlook: Week of 13 May https://lnkd.in/gGTgYKn4 #oil #baseoilnews #baseoils #lubricants #autosales #economicgrowth #inflation #refinery #dieselprices #gasoline #crudeoilprices #usa #americas #brazil #argentina #europe #italy #covid #france #germany #asiapacific #china #india #autosales #currency #inflation #interestrates #gdp #pmi #centralbanks #sanctions #icis #consumerconfidence #lubrificantes #globalmarket #lubricantes #aceitedemotor #hurricaneseason #monsoonseason #fundamentals #outlook

#TDI: Strengthened Support from Supply Sides Picks China TDI Market Up PUdaily | Updated: October 16, 2024 China’s TDI market has recently picked up, with prices rebounding from lows. As of October 15, TDI prices in China were as follows: those of Shanghai-made sources stood CNY 13,200-13,300/tonne; those of other Chinese brands sources stood CNY 13,000-13,100/tonne, increased by CNY 400-600/tonne compared with the range of CNY 12,600-12,900/tonne which before China’s National Day holiday. What are the drivers behind this rebound?   Increasing Raw Material Costs and Unstable TDI Facility Operations Toluene is one of main raw materials of TDI. The toluene market price is correlative to global crude oil as well as the supply-demand balance of toluene.   #Crude #Oil ...... https://lnkd.in/gHvYbKig