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The Availability of Russian Base Oils Improves in September

The availability of Russian base oils for export loading has improved after a restriction in July and August, as refineries have begun to run at full-scale and the attractiveness of export sales has improved due to the weaker Russian ruble, according to DYM Resources estimates.

The Russian currency dropped by 8.6% between July 30th and August 28th, making domestic sales less competitive against export loadings. This could support export sales of finished lubes as well.

Rosneft and Naftan underwent maintenance at their base oils units during the summer, which limited supplies from June to August. Both producers offered healthy volumes for September loadings. Gazpromneft and Lukoil also have base oils available for export in September, according to market participants. Tatneft had maintenance planned for September but decided to postpone it, according to producers of export Group III 4 cSt and Group II 2.5 cSt.

In September, maintenance will only take place at one base oils unit in Russia: The Angarsk refinery, which mostly supplies the Chinese market via railroad, will have turnaround. The refinery exports up to 10,000 tons per month.

Demand Improves After The Holiday Season

The demand for base oils has improved after religious holidays in Muslim countries have been completed. The European market is also improving for September-October orders after the traditional slow-down during the summer months.

Feedstock prices began to rise in the second half of August after dipping in July and the first two weeks of August. The growing crude oil price supports strong base oils prices. The Brent price increased by 5USD per barrel or 7% between August 15th and 28th, and reached 75,78 USD/bl.

Russian base oils are supplied to Turkey, Europe, Nigeria, Middle East, and other markets.

DYM Resources is a trading firm specialized in base oils, waxes, petroleum coke, and bitumen trading. The company offers a cost-effective solution for deliveries from Russia, Belarus, Turkmenistan, Uzbekistan, and Europe. DYM Resources is experienced in flexi-tanks exports. For any enquiries, feel free to contact us via our website.

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Lubes'n'Greases EMEA

Lubes ‘N’ Greases Quotes DYM Resources on Slack Wax Market in Europe

The leading media in the field of lubricants, oils, and waxes, “Lubes ‘N’ Greases,” has quoted DYM Resources’ managing director Denis Varaksin on the topic of slack waxes’ supply-and-demand situation in Europe.

The quote refers to the slack wax production by Rosneft Refinery in Angarsk, Russia, and Uzbekneftegaz Refinery in Fergana, Uzbekistan. Products from both refineries are being sold to other parts of Europe.

Slack Waxes in Demand in Europe

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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Fergana Refinery

Fergana Slack Wax Prices Increase by 52 USD/Mt for September Loading

Fergana Refinery sold 600 tons of slack wax on the 15th of August for loading in early September, at a price 52 USD/Mt higher than during the previous tender held in July, according to data compiled by DYM Resources. Fergana slack wax prices have increased by 79 USD/Mt during the last two months and exceeded 850 USD/Mt at the Poland–Belarus border, delivered in rail tank cars to the CPT Brest–Małaszewicze basis.

Demand for slack wax surged due to the high season in Poland, where candle manufacturers are preparing for the November 1st celebration of the All Saints holiday. It takes more than 30 days to delivery cargo from Uzbekistan to Poland by rail, as the product has to travel around 5000 km.

The European wax market price increase is partly due to technical issues being experienced by several big producers in West Europe. According to market participants, one French refinery is struggling to stabilize production after spring maintenance. Another Italian producer has reduced availability after its ownership changed earlier this year.

Wax supplies tightness

The Russian slack wax market is also tighter now due to maintenance at Angarsk Refinery, scheduled for September to October. The refinery processes 250,000 tons of Group I base oils annually, producing light-grade slack wax. Angarsk slack wax is well-suited for grave light producers because of its low viscosity and low melting point properties.

“Light waxes will remain in high demand through August and September. The production season for grave lights has not yet started because of the heat, but it will be in full power in September and October, so factories are building stocks in preparation for the season.” – comments by a European wax buyer.

Fergana Refinery can produce more than 900 tons of slack wax months, as well as 100 tons of paraffin T1 and petrolatum (heavy slack wax). Uzbekistan’s slack wax has a light color and a low melting point, which makes it a good source for candle production. You can find a quality sheet of Fergana slack wax below.

PARAMETERS UNITS GUARANTEED ACTUAL
Oil content % 15.0 9.0
Viscosity, at 100 °C min cst N/A N/A
Melting point, min °C 47.0 49.8
Flash point, min °C 160.0 190
Density, kg/m3, max 812.7
Sulphur  % 0.7 0.29
Water traces absent

DYM Resources is a professional slack wax and petrolatum supplier, specialized on Russia, Turkmenistan, Uzbekistan and Belarus sourcing. The company is based in Germany, in charge of organizing finance, quality control and delivering products in trucks, tail tank cars and tank containers.

DYM Resources can supply products from the Rosneft, Lukoil, Gazpromneft, Tatneft, Naftan, Fergana and Turkmenbashy refineries. Contact us via our website or email to receive a quote for slack waxes from ex-USSR refineries.

photo: brbook.uz
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Turkmenistan Starts Bitumen Export to Uzbekistan

Seidi Oil Refinery has begun exporting bitumen to Uzbekistan. The first batch consists of 675 tons of the product. The agreements lay out that Turkministan will import an estimated 10,000 tons of bitumen in total.

Seidi Oil Refinery’s current bitumen plant was installed three years ago by the American company Westport Trading Europe Ltd. The plant’s capacity allows it to process 118,000 tons of fuel oil per year, yielding about 37,000 tons of bitumen and associated gas oils.

Bitumen is also manufactured in the Central Asian region near Turkmenistan and exported from Kazakhstan. There are two main bitumen plants on its territory: Caspi Bitumen and Gazpromneft Kazakhstan.

According to the information provided by KAZINFORM, an international news agency of Kazakhstan, Caspi Bitumen exported 650 tons of bitumen to Uzbekistan in 2017.

In Tajikistan, the launch of an oil refinery has been announced for September 2018. The project was started in 2014 and organized by the Tajik-Chinese joint venture TK-Oil. The plant is meant to begin manufacturing with the production of a diesel fuel, low-octane gasoline of AI-80 and AI-92 grade, as well as construction bitumen.

Over the last 10 years, several attempts have been made to launch mini-refineries in Tajikistan, in the regions of Kanibadam, Isfara, Shakhrinav, and Khatlon. None of the attempts proved successful.

DYM Resources is a international trading company focused on developing high-quality services in the base oil, wax, and petcoke and bitumen markets.

For enquiries, please contact us via our website.

Photo: oldinvest.zed.kz
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Lubes'n'Greases EMEA

Lubes ‘N’ Greases Quotes the Managing Director of DYM Resources

Denis Varaksin, the managing director of DYM Resources, was recently quoted by Lubes’n’Greases EMEA, world-known media in the field of lubricants, oils, and waxes.

The quote refers to the start of Group II and Group III base oil production in Uzbekistan that is planned for 2021-2022. According to Denis Varaksin, the high demand on Group II and III base oils in Central Asia is related to the growth of the region and the modernization in the mechanical engineering industry.

Fergana Refinery exports about 100’000 tons of base oils and lubes per year. However, the refinery’s actual capacity can provide higher amounts. In Mai 2018, Uzbekneftegaz and Exxon Mobil signed a memorandum laying out their intent to cooperate in the organization of the production of base oils at the Fergana oil refinery.

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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Sulphur

385,000 tons of sulphur were sold for export in 1H of 2018 in Turkmenistan

Turkmenistan refineries sold 385,000 tons of lump and granulated sulphur (99.95% purity) from January to July 2018. In 2017, total sulphur sales in Turkmenistan reached 914,500 tons.

Central Asian countries are expanding their gas production and processing capacities, so supply from this region will be increasing in the next decade. In Uzbekistan, for example, a new gas processing plant at the Kandym Gas condensate Field  was launched in April. The planned sulfur production is about 580,000 tons per year.

Russia is also a big producer of elementary sulphur; in 2017, it produced 6,318,699 tons. This production will increase in the coming years.

China remains the main sulphur consumer in Asia. In 2016, sulphur imports to China reached 12,000,000 tons.

DYM Resources is an international trading company focusing on providing high-quality services in the base oil, wax, petcoke, bitumen and petrochemicals markets.

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aromatics

DYM Resources Starts Sales of Benzene, Paraxylene

DYM Resources has started selling benzene (BZ) and paraxylene (PX) produced in Russian and other CIS refineries.

Benzene and paraxylene are two of the most widely used aromatics. The main application of benzene is styrene monomer synthesis, while paraxylene is chiefly used in polyester production.

Paraxylene exports from Russia have been quite stable in the last three years, averaging 125’000 tons annually.

At the same time, Russian benzene exports are very new to the market. In 2017, Russian petrobenzene exports rose to nearly 97’000 tons, up from zero only a year before.

petro-BZ and PX exports from Russia, Mt

  • petro-BZ
  • PX

DYM Resources expects that petrobenzene and paraxylene exports from former USSR markets will continue rising in 2018 and 2019 due to new production units coming into operation.

DYM Resources is an international trading company, focused on providing high-quality services in petrochemical supplies.

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