This week, the overall consolidation of base oil, stable domestic mainstream quotation, sporadic manufacturers, such as inventory, sales and other factors of their own prices are mixed.
The supply side of the north is expected to be adequate, and the quotations from sporadic manufacturers are mainly downgrading. Xintai 150N reduced by 50 yuan / ton; due to the low volume of Southern China refinery repair and shipment, the supply volume of Huizhou area decreased, and the Maoming refinery listing price rose 100 yuan / ton.
In terms of imported base oil, although the cost price of 150N has been rising, the domestic market demand is low. As the temperature rises, the demand of downstream manufacturers for low viscosity oil is transferred to high viscosity oil, and traders have to cut prices to stimulate shipments.
The supply base of short term base oil market is expected to be adequate, the mentality of the bearer industry is low, the downstream operation is prudent, and procurement is on demand. Xiaobian expects short-term base oil market vulnerable consolidation.