This week, the base oil market was generally stable, with sporadic rise and fall. Some of the models were slightly down. The overall purchasing environment of lubricant manufacturers has been revival, and the refinery has recently shipped well, and the overall inventory has dropped earlier.
Southern China Huizhou refinery listing price has not fluctuated, but traders in the early quotation is high, downstream goods to reduce mood. Traders cut 100-150 yuan / tonne this week, and Shandong shipped steadily.
Import resources were partially stable, and the price of imported three types of base oil rose slightly. Thailand 150BS is short of domestic resources. Prices rose 100 yuan / ton. 。 On the supply side, the demand for spot imports decreased in March, mainly due to the strong demand in Southeast Asia and the Middle East. Most Korean and Taiwan Refineries or high priced exports to these regions reduced the spot exports to the Chinese market.
The short-term market is stable, and it is recommended to purchase on demand.