Demand off-season drags on the "inflection point" of the 2018 base oil market

Since 2018, the overall performance of the domestic base oil market has been tepid. The traditional peak season for March and April has been flat. From March 2018 to the first half of April, the atmosphere of the domestic base oil market was gloomy, and the market price was stable and wait-and-see. Large-area price increases were expected to be temporarily unsatisfactory. From the downstream perspective, the enthusiasm for reconciling companies for stocking is poor.

In 2018, the overall performance of the domestic base oil market was tepid In 2018, the overall performance of the domestic base oil market was tepid

According to statistics, as of April 17, 2018, the price range of Type II 150N was around 6400-6600 yuan/ton, and it had fallen by 200 yuan/ton during the higher period.

What are the influencing factors?

Crude oil turbulence trend boosts the effect is not good

At present, the air strikes on 105 missiles launched by the United States, Britain and France, led by the U.S., Britain, and the French Federation, did not have a clear positive effect on Monday's international oil market. On the contrary, due to the caution of investors in the Middle East, the oil price continued to be under pressure on Monday. Industry insiders believe that in the future, any move in oil prices to 80 US dollars/barrel will be integrated by multiple factors, not just Syria’s CW problem. Other factors include the response of Syrian government forces, Iran, and the Russian strategic alliance to the United States, the development of Iran’s nuclear agreement, and whether the United States will impose tougher sanctions on this Middle East oil producing country.

Crude oil movements are the main shocks. Although crude oil prices have fluctuated at high levels in recent days, in the short term, crude oil prices are expected to remain strong in the near future. WTI pressured oil prices due to the recovery of Cushing stocks and the market's concern about the rapid growth of shale oil production. In terms of domestic base oil, although crude oil has risen to a high level in recent years, given the weak market, the boost effect has been very limited.

Oversupply Significantly Diluted Base Oil Resources

Since the beginning of this year, domestically produced oil, non-standard oil, and recycled base oil production refineries have suffered significant pressure on their inventories, and shipping conditions have been poor. One type of base oil has obviously exceeded supply, and refineries have been eliminating the inventory in recent months. Dealing with profit mainly. Up to now, the mainstream price of 150 SN has dropped to 5100-5200 yuan/ton.

Since March 2018, the downstream digestion of Class I and II base oil has been slow, and import resource traders lowered their quotation to stimulate shipments. Under the adverse circumstances of imported oil external disk market conditions, the domestic resources trend is weak and difficult to change.

Demand sluggishly dragged down market performance

As of the beginning of April 2018, the surge in the price of lubricant oil has come. Great Wall, Meifu, Longxi and other more than 20 terminal lubricant brands have announced price adjustments, ranging from 3% to 8%. However, there is no large-scale price adjustment for the base oil market for a short period of time. Downstream demand, access capacity, and digestion capacity are still constraining the market to pick up. In addition, since late March, environmental inspections in the northern part of Shandong Province have been carried out one after another. Many small and medium-sized enterprises are facing rectification or closure. Production has stopped, raw material purchases have decreased, and the impact on the base oil market has been self-evident.

The news is difficult to boost and the oversupply and sluggish demand will still be a certain resistance to the recovery of the base oil. Refineries and import traders suffered downward pressure and lowered prices to stimulate shipments. The market price advantage of the base oil market will be extremely important.

Readings:



Slewing Bearing is a kind of can bear larger axial load, radial load and tilting moment, a comprehensive load bearing, rotating, transmission, fixed, and other functions in one of the special structure of large bearing.In general, the slewing bearing itself is equipped with mounting hole, lubricating oil and sealing device, which can meet the different needs of various hosts working under various working conditions. on the other hand, slewing bearing has a compact structure, easy to guide the rotation, convenient installation and easy maintenance etc, are widely used in lifting the transport machinery, mining machine, construction machinery, port machinery, wind power generation, medical equipment, the radar and missile launcher and other large rotary device.

slewing ring

Application of slewing bearing:

Engineering machinery, various equipment platforms, trailers, wind power, solar energy, medical devices, robots.

Full types of slewing bearing as below:


Single row four-point contact ball slewing bearing,

Double different diameter ball slewing bearing

Single row cross roller slewing bearing,

Three row roller slewing bearing

Single row four-point contact ball slewing bearing (QU, QW, QN series)

Single row four-point contact ball slewing bearing.

Single row four-point contact ball slewing bearing.

Four point contact slewing bearing (VL series)

Four point contact slewing bearings (VS series)

Four point contact slewing bearing (V series)

Single row cross roller slewing bearing (XS series)

Single row cross roller slewing bearing (X series)


We believe that we can supply the best service and price for your, hope to make a long-term cooperation with you. If you have any question please do not hesitate contact with us. We keep warmly welcome you visit us in any time.


Slewing Bearing

Slewing Bearing,Roller Bearing,Slew Ring Gear,Ball Bearing Turntable

LUOYANG AUTO BEARING CO.,LTD , https://www.ballbearing.nl