Europe domestic base oils players brace forsupply crunch in February

摘要

LONDON (ICIS)--European domestic base oils spot prices held steady this week, with players mostlyawaiting offers for February. Supply remains tight across Groups I, II and III with shortages likely toincrease next month. 1. Upward pressure expected for February. 2. Repsol maintenance underway. 3. Group III maintenance add to shortages. In the domestic Group I market SN500 supply has tightened further and is becoming more of astruggle to acquire.