Black Sea export prices for base oils decrease on confirmed deal, ample supply

摘要

LONDON (ICIS) – Prices in the Black Sea export market fell further this week on the back of a fully confirmed deal at lower levels, as ample supply weighed on values. A deal for 2,000 tonnes of SN150 and 3,000 tonnes of SN500 was fully confirmed at $455/tonne FOB (free on board) Black Sea and $480/tonne FOB Black Sea respectively, with loading dates of 15-20 May. This represents a fall of $25/tonne and $30/tonne for SN150 and SN500 respectively from last week.