Tight source supply in February, base oil prices supported

Jinyindao predicted that the 150SN product price index of the base oil on February 13 was 8716, down 10 points compared with the product price index on January 27; the product index of base oil 400SN on February 13 was 8837, down 16 points compared with the product price index on January 27.

according to jinyindao, due to the low operating rate small shipment of class I base oil units in Sinopec's refineries in February, the domestic supply of resources was mainly in February, the export resources were tight. Sinopec lubricating oil sales company raised the price of all types of class I oil products by 150 yuan / ton. North China traders of Yanshan Petrochemical Co., Ltd. said that due to the shortage of resources, they did not get the goods for the time being, so they did not make an offer.

at the same time, PetroChina's export resources in February were also limited. In February, the social resources of the two groups were relatively low, which gave some support to the price of base oil. However, the market dem has not yet fully started, the current market presents a situation of weak supply dem. Source: Treasure Isl

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