At the beginning of December, the supply of base oil resources was still tight, and there was still momentum in the upward market. However, the late maintenance refinery began to increase volume, and the price showed a downward trend. After half a month of operation, demand has not improved, and prices are expected to show a steady downward trend in the later period.
Huizhou Refinery led the downward adjustment this week. The organic heat carrier (L-QB280) was lowered by 250 yuan / ton this Monday, and today it is lowered by 200 yuan / ton. The reduction is relatively large. However, traders saw that the market did not fluctuate, and the prices were significantly reduced, even lower than the listed prices of refineries, to stimulate downstream purchasing sentiment. Huizhou General Transformer Oil (-20 ° C) has been lowered by 900 yuan / ton since the beginning of the month.
In terms of imported base oil, prices fluctuated slightly.
Now the downtrend is intensifying, and the downstream has been consuming its own inventory, watching the market. Downstream inventory may be tight.