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Traders bring value to the market – Lubes and Greases quote DYM Resources

Leading industry magazine Lubes and Greases publishes feature story about traders role in base oils market and quote DYM Resources GmbH’ managing director Denis Varaksin:

“Denis Varaksin, managing director of Berlin, Germany-based trader DYM Resources, agreed that traders do and will continue to provide invaluable shipping services. “DYM Resources buys from Russian refineries in rail tank cars, accumulates product in different ports and sells product to clients in flexitanks, rail tank cars, trucks, iso-tanks or bulk [containers]. There is no refinery that could offer the same range of grades, financial flexibility and modes of transport at the same time.”

Being a successful trader, said Varaksin, also requires thorough knowledge of the product being sold and its technical applications. “We also regularly improve our technical expertise to advise which raw materials would work better in certain applications. Good traders advise their customers when it is a good time to buy base oil to avoid shortages before upcoming maintenance [turnarounds] or other disruptions.”

Full story you may read here:

DYM Resources’ expertise is confirmed by dozens of publications in leading industry media as well as speaking at major conferences worldwide on the topic of base oils and specifically base oils from Russia and CIS countries.

Recently DYM Resources diversified its supply portfolio to Group II and Group III base oils from Asia and Middle East. The company may offer various base oils in different packing from more than 20 refineries worldwide.

For base oils enquiry please contact us via website form or info@dymresources.com

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DYM Resources renews registration at Uzbekistan commodity exchange

DYM Resources has recently renewed the registration at Uzbek commodity exchange and is able to source base oils, petroleum coke, slack wax and other products from Uzbekistan’s Fergana refinery.

The Fergana refinery produces about 60 types of petroleum products and is the only base oils producer in Uzbekistan. The design capacity of the processing plant is 5.5 million tons of oil per year. Fergana Oil Refinery is the only enterprise for producing fuel and lubricants in Central Asia region except for Turkmenbashy refinery in Turkmenistan.

Fergana Refinery exports SN 100, SN 150, SN 350, and SN 500 base oils and their industrial equivalents. The main destination markets are Central Asia, the Middle East, and Turkey. Base oils product capacity is estimated in different sources from 100,000 tons per year to 400,000 tons per year.

Fergana Refinery can produce more than 900 tons of slack wax a month, as well as 100 tons of paraffin T1 and petrolatum (micro crystalline wax with high oil content). Slack wax of Uzbekistan has a light color and a low melting point, which makes it a good source for candle production. There is a high demand in slack wax among candle manufacturers especially in Poland and Lithuania.

Uzbekistan’s lubes market is estimated at 216,000 tons per year, according to Uznefteproduct. The country imports around 20,000 tons of lubes annually.

DYM Resources is buying the products at the Uzbek commodity exchange, organizing finance and quality control and delivering products at competitive prices, with high quality logistics and flexible payment terms. DYM Resources can offer base oils in rail tank cars or flexi-containers and slack wax in trucks, rail tank cars and tank containers from The Fergana Oil Refinery in Uzbekistan. To get a quality sheet or receive a quote, please send your request to info@dymresources.com  

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DYM Resources comments on base oils supplies disruption in Lubes’n’Greases

An award-winning, independent monthly magazine about the global lubricants industry, Lubes’n’Greases, published DYM Resources’ comment on the recent disruption of Russian base oil exports by COVID-19. Please read the full article here: https://pubs.lubesngreases.com/lubereport-emea/virus-disrupts-russian-base-oil-exports/

According to DYM Resources’ managing director Denis Varaksin, the flow of products moving out of Russia and other neighboring countries has slowed. The reason is the lack of personnel at loading and reloading stations as well as delayed customs clearances. Customs officials in Russia and Ukraine sometimes refuse to accept the documents from long-haul drivers because of the possibility of the virus spread.

At the same time, Varaksin says, “prices of container freight and truck freight are going up”.

Russia exports big volumes of oil products to different markets such as Western Europe, the United Kingdom, Turkey and Africa. The lubricants industry in Russia, one of the world’s largest base oil producing nations, is likely to be facing challenges due to the expected ruble devaluation and the COVID-19 spread.

OPEC proposed Russia to cooperatively reduce crude oil production, but the Russian government rejected this proposal. Afterwards the Saudis flooded the market with cheap crude, contributing to a fall-off in prices.

Oleg Tsvetkov, chief specialist at the Topchiev Institute of Petrochemical Synthesis of the Russian Academy of Science, compared the situation to what happened in the late 1990s when the president of Venezuela Hugo Chavez convinced the Saudis to sell crude oil for fixed prices. Back then it helped fight poverty in Venezuela and Russia, but now the authorities seem to be doing the opposite.

DYM Resources is a base oils trader with headquarters in Berlin, Germany. The company is offering a wide range of base oils, including Group I, II and III as well as finished lubricants and additives. DYM Resources exports base oils and waxes from Russia, Uzbekistan, Turkmenistan, Europe and other locations in flexi-containers, iso-tank, trucks, rail tank cars and bulk vessels.

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DYM Resources comments on virus changing Group I and Group III flows

The leading media in the field of lubricants, oils, and waxes, Lubes ‘N’ Greases, has quoted DYM Resources’ managing director Denis Varaksin.

“China’s imports of many raw materials have dropped,” Denis Varaksin, director of base oils and waxes at German trading company DYM Resources GmbH, told Lube Report. “So, the import of base oils has decreased massively, and a big part of that import was Group III … from South Korea, Malaysia and the Middle East.”

“These flows are likely to be re-directed to other markets such as Europe, [the U.S.] and India, driving premiums for Group III down,” Varaksin said.

“The reason is the same – the virus – but the impact is different,” Varaksin said. “Because of the Chinese import drop, the Group III market globally is long, and because of the Iranian export decrease, the Group I market is short in the Middle East, India, Africa and Southeast Asia.”

Read the full article on Lubes ‘N’ Greases.

DYM Resources is a base oils trader with headquarters in Berlin, Germany. The company is offering a wide range of base oils, including Group I, II and III as well as finished lubricants and additives. DYM Resources exports base oils and waxes from Russia, Uzbekistan, Turkmenistan, Europe and other locations in flexi-containers, iso-tank, trucks, rail tank cars and bulk vessels.

To get a quote, please email us on info@dymresources.com. We usually reply within 48 hours.

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Meet DYM Resources at the 24th ICIS World Base Oils and Lubricants Conference

DYM Resources is attending the 24th ICIS World Base Oils and Lubricants Conference from February 19th to 21st in London. The conference provides its participants with industry insights, information on the market trends and trade dynamics.

Networking sessions, C-level speakers, training courses – the leading industry conference is aimed at helping the players better shape their strategy und better understand the market.

Base oils and lubricants market is on the urge of great changes, it is important to understand global trends and World base oils and Lubricants conference is the exact place to do our market research and meet clients and suppliers” – Denis Varaksin, director lubes and base oils for DYM Resources says.

Main topics covered at the conference:

  • Future of motoring and future of mobility
  • IMO 2020 impact on base oils market
  • Electric cars and lube demand
  • Sustainability and the circular economy

Among attendees and speakers there will be such market leaders as: Nest, Exxon Mobil, Chevron, Puraglobe, SK Lubricants, Croda, Shell, Gulf Oil, Valvoline, Orlen Oil, Calumet, Motive, Avista, Hyunday, Repsol, GS Caltex, Total, BASF, and others.

DYM Resources is a trading firm focused on base oils, waxes, bitumen, petroleum coke and biofuels. The company is supplying base oils from Russia, Belarus, Europe, and multiple other locations.

DYM Resources delivers Group I base oils SN 150, SN 350, SN 400, SN 500, SN 900, SN 1200 and BS-150, Group II HVI-2, as well as Group III VHVI-4, VHVI-6 and VHVI-8 globally in bulk tankers, flexi-containers, rail tank cars, trucks, and iso-containers. The company also supplies finished engine lubes, industrial oils and lube additives including viscosity modifiers and lithium hydroxide.

To schedule a meeting with DYM Resources at the conference do not hesitate to contact us per email info@dymresources.com.

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DYM Resources featured in Lubes’n’Greases article about Belarus base oils and lubes export

Lubes’n’Greases, a renowned media in the field of lubricants, oils, and waxes, published DYM Resources’ comment on the recent suspension on exports of base oils and lubes in Belarus.

After Moscow halted crude deliveries, Minsk government decided to reduce local impacts by pausing exports of base oils and finished lubricants. Belarus is a key base oils and finished lubes supplier to Ukraine market as well as significant exporter of Group I grades via Baltic ports. Naftan refinery produces SN 150, SN 500, SN 1200 and other less common grades.

DYM Resources’ managing director Denis Varaksin noted that “the timing would be poor for any impact on base oils because the market recently began to pick up after demand was sluggish for most of 2019”.

“Oil products output can be reduced by half”

Read the full article by Boris Kamchev on Lubes’n’Greases.

DYM Resources is a base oils and slack wax trading company selling base oil globally in bulk, flexi-containers, rail tank cars, and trucks.

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Meet DYM Resources at the 16th ICIS Middle Eastern Base Oils and Lubricants Conference

DYM Resources is participating in the 16th ICIS Middle Eastern Base Oils and Lubricants Conference. Global industry influencers and regional drivers for the Middle Eastern market will gather together from October 15th to 16th in Dubai.

Conference speakers will provide an overview of the Middle Eastern macroeconomy, including the Middle Eastern Base Oils and Lubricants market: trends, economical сhallenges, environmental issues, future transformation strategies, impact of international regulation, etc.

Among the reports there are the following topics:

— How developments within the Gulf’s oil market are currently influencing its economy.

— Supply and demand dynamics of base oils Group I, II, III in the Middle Eastern region.

— How will sanctions affect base oils and lubricants demand and supply?

— Challenges in vehicle engine oils in MENA ahead of IMO 2020, globalization of standards.

— As the global fuel industry develops and innovates, how is the Middle East keeping up?

— The Gulf as a major marine hub: how is the Gulf preparing for IMO 2020? Is this regulation affecting the value chain, including ports?

— How does the marine fuel sector look like in the Middle East after 2020?

Delegates of the 16th ICIS Middle Eastern Base Oils and Lubricants Conference will include representatives from Novvi (develops, produces and distributes plant-based synthetic oils and lubricants), Lubrizol Dubai (coatings, engineered polymers, engine oil additives, industrial lubricants, etc),  Ineos Oligomers (manufactures chemicals for the use in polyethylene, lubricants, fuel additives, surfactants, and special materials),  Alhamrani FUCHS Petroleum (produces lubricants for various mechanical industries), Afton Chemical (develops and manufactures petroleum additives), and others.

DYM Resources is an international oil trading company specializing in base oils, additives, lubricants, and slack wax supply. The company is supplying base oils from Russia, Belarus, Uzbekistan, Turkmenistan, and Europe by flexi-tanks, trucks, and bulk.

To meet our managing director Denis Varaksin on the 16th ICIS Middle Eastern Base Oils and Lubricants you are welcome to contact us per email: info@dymresources.com.

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