OUTLOOK ‘16: Asia group I base oil prices to remain stable-to-soft

摘要

SINGAPORE (ICIS)--Spot prices of Group I base oils in the Asia Pacific market are poised to remain stable-to-soft in the first quarter of 2016, as persistently bearish sentiment would likely curb significant price improvement, market sources said. Despite expectations of further price decline for Group I base oils, market sources said that steep price drops are likely to be prevented by tightening Group I supply in the global market.