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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 is participating in Progetto Fuoco 2020 in Verona

DYM Resources is attending the most important international exhibition for the wood-fired heating industry Progetto Fuoco.

With more than 650 exhibitors and over 75,000 visitors from all over the world, this fair is a key event for establishing partnerships and learning about the industry trends.

“Italy is the biggest importer of premium-quality pellets in the world with about 3 million tons per year. Italy is also one of the top-3 buyers of Russian pellets as of 2018. DYM Resources believes that with CO2 reduction targets the consumption of pellets will continue to grow in 2020-2030 and supplies from Russia to Italy will increase” – Denis Varaksin, managing director of DYM Resources comments.

Russia is currently producing about 2 million tons of pellets per year with a current production capacity about 3,9 million tons. Russia has a potential to increase production and export 3-4 times within the next few years. Pellets production in Russia has increased more than 55% from 2016 to 2018.

DYM Resources can supply pellets of A1, A2 and other quality from Russia, Belarus and Ukraine. They company is able to supply EN+ and SBP certified pellets for industrial consumption or for heat generation.

Pellets from Russia can be exported in containers or in bulk vessels from the ports of Saint Petersburg, Ust-Luga or Baltic ports such as Riga. Pellets can be packed in 16, 25 or 50kg bags as well as 1000 kg bags. About 95% of Russian pellets productions is being exported, with 95% heading towards Europe and only 5% to Asia. There are more then 250 pellets producers in Russia today, vast majority of them is located in the northwestern part, closer to European consumers.

International Pellet Market, one of the four specialized areas of the fair Progetto Fuoco 2020, is especially relevant for DYM Resources due to the recent focus of the company on pellets. DYM Resources is able to organize sourcing, quality control, delivery and financing of pellets supplies.

If you would like to meet DYM Resources representative at the fair, please schedule a meeting per email info@dymresources.com.

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