The base oil prices in the USA have continued to remain stable at the beginning of April xxxx on the back of prevailing market sentiments. This stability in prices has been witnessed since March xxxx in the US market. While the demand for base oil from the downstream lubricant sector was low, the tight supply due to maintenance turnaround has offset any fluctuations and led manufacturers to keep the price trend intact.
Key Takeaways:
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The base oil supply in the US market remained tight due to several plant shutdowns.
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Plant turnaround curbs the supply, while previously stored inventory helps to offset the significant effect.
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Downstream Lubricant demand remained low.
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US tariff uncertainty has dampened consumer sentiments.
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Numerous market players went to attend the Independent Lubricant Manufacturing Association meeting in Indian Springs, California from April x, xxxx, to April x, xxxx.
As per ChemAnalyst, the base...
