Base oil and lubricant market conditions

As we all know, the price of the base oil market has been rising from October 2020 to March 2021, and the production costs of lubricating oil production plants have also increased. Everyone has issued price adjustment letters before and after the Spring Festival. At present, lubricating oil factories are also in a dilemma of having to adjust but not making more adjustments. So what will be the future trends of base oil prices and lubricating oil prices? The editor will analyze the fundamentals for everyone.

1. Base oil market price fluctuations

Table 1: Comparison of the average price of domestic base oils in October and March (unit: yuan/ton