Europe,Baltic base oils export market outlooks hazy on firm upstream costs,weak supply and demand

摘要

LONDON(ICIS)--Price outlook in the Group I base oil export markets in Europe and the Baltic is unclear following large price drops during the first quarter.Upstream costs are now rebounding but market supply and demand fundamentals are not exactly robust.1.Group I export markets see Q1 downtrend;2.Market supply/demand fundamentals weak;3.Upstream costs rebounding.