Asia, Mideast base oils firm in H1 but some pullback likely in H2

摘要

SINGAPORE (ICIS)--Asia base oils Group I SN150 and Group II 150N prices are expected to remain firm on persistently low supply, whereas the heavy grades - Group I SN500 and Group II 500/600N - could come under pressure on ample availability. Into the second half of the year, base oils supply from Iran are expected to be stable with no known maintenance plans due over the next few months and that could add further pressure on prices amid the weak demand outlook.