UPDATED 8/18/2021: An astute JobbersWorld reader, Greg Kasdorf at Eastern Oil Co., contacted JW to advise that rather than summing the totals of each percentage increase in the story we ran earlier in the week (see below), the significance of the adjustments is better expressed by capturing the fact that the increases are compounded. With compounding, the total of the increases seen so far in 2021 is close to 116%. READ MORE
In an unprecedented and “unique” year, suppliers have announced their fourth price increase since January 2021 on finished lubricants, greases, chemicals, coolants, DEF, and antifreeze – with hikes ranging from 7% to 18% depending on the product.
The increases, which go into effect beginning July 12 and average about 12%, have been attributed to continued market stress and soaring costs for everything raw materials to additives, packaging, transportation, and logistics. READ MORE
Activity has not let up significantly in the United States market despite the summer holidays, with most base stocks seen as hot commodities pursued by anxious buyers, many of whom have had to cut back downstream manufacturing rates due to a shortage of certain grades and additives.
However, the supply of a number of base oils has started to improve – namely the light viscosity cuts, which had been slightly less tight than their mid-and high viscosity counterparts. “The light grades are starting to come to a more balanced state. They are definitely far from long, but are much improved from where they were a few months ago,” a source noted. The fact that at least two API Group II U.S. Gulf producers have offered light viscosity cargoes for export was a sign that that segment was starting to lengthen. These cargoes were heard to be heading to India. Export opportunities helped suppliers keep the domestic market from getting oversupplied. READ MORE
BLP Petroleum Sdn Bhd had almost 20 years of experience in the market. BLP Petroleum Sdn Bhd experts to solve problems used to face by maintenance or production department in the industry. We are providing product presentations and product training to the customer.
There are few factors will cause industrial face some technical problem on the machines. First of all, poor lubricant knowledge will cause machines to break down from time to time. The usage of wrong oil/greases at application will cause harm to machine life, and the maintenance cost will become higher.
Besides, choosing the wrong viscosity of lubricants (NLGI & ISO) is one of the factors that will lead to industrial face machinery problems. If the end-user using the wrong viscosity of oil and grease will harm the machine life, increase in working temperature, noise and heat from the machine, causing higher energy waste, etc.
Last but not least, improper lubrication will cause bearing failure frequently. It will cause bearing life span short and misalignment.
Mr. Ma Yongsheng, President of China Petroleum & Chemical Corporation and Academician of Chinese Academy of Engineering, has proposed to accelerate hydrogen energy industry development during the Two Sessions recently held in Beijing. Mr. Ma suggested devoting more efforts to top-level design, core technology R&D, standard system formulation, and industrial policy support. As a secondary source of energy, hydrogen is playing an increasingly important role on the world energy stage. At present, China has achieved significant progress in hydrogen energy-related technologies, but the hydrogen energy industry remains in the pilot demonstration and market promotion stage. READ MORE
New evidence showing the delta variant is as contagious as chickenpox and may be more dangerous than other versions of COVID has prompted U.S. health officials to consider changing advice on how the nation fights the coronavirus, internal documents show. Recommending masks for everyone and requiring vaccines for doctors and other health workers are among measures the Centers for Disease Control and Prevention are considering, according to internal documents obtained by the Washington Post. READ MORE
It has been another active week in the U.S. base oils market, with no signs of the “dog days of summer” so typical of years past. Demand held at steady levels, making it difficult for suppliers to catch up on orders and build inventories. Spot prices continued to be exposed to upward pressure due to the tight market conditions, but slightly improved availability in certain segments has allowed for values to stabilize. One of the categories that has suffered from the tightest conditions was the API Group I sector. Following several planned and unplanned outages at Group I plants in the first and second quarter of the year, most suppliers were focusing on fulfilling backorders as inventories have been depleted and demand has not let up. READ MORE