Russian base oils supplies tighten in February as refinery cut output amid seasonal maintenance according DYM Resources market survey.
Five out of eight Russian refineries with base oils units have maintenance in February which are affecting their base oils output. Around 1.7 mln tons or 64% of total Russian base oils capacity is affected (see the table below).
|Producer||Location||Base oils capacity, 000t/yr|
“It is one of the toughest maintenance for Russian base oils universe during the last 10 years” – Denis Varaksin, DYM Resources GmbH base oils and slack wax director commented.
Maintenance is affecting all four producers: Lukoil (Volgograd refinery), Rosneft (Novokuibyshevsk and Yaroslavl refineries), Gazprom (Omsk and Yaroslavl refineries) and Tatneft (Taneco refinery, located in Nizhnekamsk) and has impact both on Group I and Group III supplies.
Turnaround at the refinery does not mean that there will be no base oils production. The scale of the impact depends on what unit and for how long is shut down.
For example, Rosneft, second biggest Russia’s base oils producer, offered for export in February about 33 000 tons of base oils, or 25% smaller volumes compared to December 2017. The company has two of its four base oils units affected by maintenance.
Maintenance has already impact on prices: Baltic and Black Sea base oils prices have increased 10-20 USD per ton during last two weeks.
Maintenance on base oils units also limits waxes supplies. Prices for slack waxes and petrolatum has also increased by 10-20 EUR per ton in Russia in February compared to January this year.
Stocks are still available
Despite heavy maintenance some trading companies in the Baltic still have product available for loading from stocks accumulated in December 2017 – January 2018. During those months Russia was loading near record-high volumes of base oils for export.
2018 was supposed to be a year of improved Russian base oils availability as there is additional 100 000 tons of Group III base oils unit launched in Yaroslavl which should reach its planned capacity this year.
Russian domestic lube demand eased: after two years of aggressive import replacement Russian lubes stocks are high. High finished lubricants stocks push major producers to sell more base oils to the market.
DYM Resources is a trading firm focused on Group I and Group III base oils and slack wax supplies from Russian and Former Soviet Union (FSU) counties. The company specializes on flexi-container and trucks loadings. DYM Resources regularly loads for export SN 150, SN 350, SN 500 and BS-150 base oils. To contact us please visit our website www.dymresources.com or email us at email@example.comRead More →
DYM Resources director Denis Varaksin will deliver a speech at The 22nd ICIS World Base Oils & Lubricants Conference during 21-23 February in London, United Kingdom.
Presentation is titled “A new wave of Russian base oil” and will focus on new base oils volumes coming out of Russia in the nearest future.
‘Russia in increasing Group III and Group II production, which we lead to more high-quality base oils going for export. We will be happy to share our view on refineries modernization plans and its impact on supply and demand balance” – DYM Resources base oils and slack wax director Denis Varaksin comments.
This year ICIS London conference will cover the following topics:
The conference attracts about four seven of specialists in base oils, lubricants, additives and logistics field from Europe, America, Africa, Russia, Middle East, Turkey, India, South East Asia and other parts of the Globe.
Among regular participates are base oils champions such as Lukoil, Naftan, Rosneft, Gazpromneft, Exxon, Chevron, Nynas, MOL, Lotos, Motiva, Saudi Aramco, SK Lubricants, Petronas and many others.
DYM Resources focused on base oils and slack wax supplies from Russia, Belarus, Turkmenistan, Uzbekistan and Europe. Company regularly export base oil SN 150, base oil SN 350, base oil SN 500, base oils SN 1200, VHVI-4 and other Group I and Group III grades.Read More →
DYM Resources is very proud that Lubes’n’Greases EMEA, worlds most known media in field of lubricants, oils and waxes, in their publications refers to DYM Resources and our Base oils division Director, Denis Varaksin.
DYM Resources GmbH will make presentation about developing of Russian, Turkmen, Uzbek and Belarus base oils markets at the 2017 European interactive Summit in Antwerp during 29-30 November.
‘European market was key for Russian base oils exporters in 2017 and given that Russian production of high class group III base oils is increasing supplies to Europe are poised to grow” – DYM Resources base oils and slack wax leader Denis Varaksin says.
“Group III base oils from Russia with viscosity 2 cst, 4 cst, 6 cst and 8 cst from Tatneft, Gazpromneft and Rosneft will compete in Europe with base oils from UAE, Korea and Finland“ – Varaksin adds.
The conference is held in Belgium city Antwerp, one of the key lubricants blending hubs and base oils distribution center.
The event is sponsored by Ergon, Puraglobe and will be attended by representatives from Russian Rosneft, Bahrain Bapco, Nynas, Q8 and other leading players in base oils, slack waxes and lubricants markets.
2017 European Base Oils & Lubricants interactive Summit will cover the following topics: HDMO, PCMO/MCO, Process Oils, Hydraulic Fluids, General Industrial Oils, Industrial Engine Oils, Metalworking Fluids, Greases in Europe, Middle East, CIS and Russia.
DYM Resources is a base oils trading company which is able to supply Group I, II and III base oils. DYM Resources is focused on sourcing from Russia, Turkmenistan and Uzbekistan and selling base oil globally in bulk, flexi-containers, iso-containers, rail tank cars and trucks.Read More →
Base oils trading firm DYM Resource attends CIS Base oils and lubricants conference during 24-25 May in Moscow, Russia. The event focuses on new market and technology developments base oils and lubricants in Russian and other ex-USSR countries.
“We see at least 10% export in base oils exports from Russia this year: new capacities are being launched at the right time – demand in global base oils market is high” – director base oils and slack waxes of DYM Resources Denis Varaksin comments.
The conference in Moscow attracts several hundreds of specialist from base oil producers to blenders and lubricants consumers from Russia, Uzbekistan, Turkmenistan, Europe and other part of the world.
DYM Resources a Russian speaking base oils trading company, with head office in Berlin, Germany. The company focuses on base oils supplies in flexi container and iso-tanks. DYM Resources has strong presence in Russia, Uzbekistan, Turkmenistan and Europe.
To schedule meeting with DYM Resources base oils specialist in Moscow during 24-25 May 2017, please contact us through email firstname.lastname@example.org , our LinkedIn and Facebook pages or website www.dymresources.comRead More →
DYM Resource delivered presentation at 2nd Argus Iran Base Oils and Lubricants conference in Tehran, Iran on 19th of April.
Denis Varaksin, DYM Resources’ base oils and slack wax director paper is: “Weighting the risk: CIS Supplies into Iran – what does it mean for global producers?”. The paper has especial focus on Turkmenbashy base oils supplies to Iran.
“Iranian economy recovers from sanctions and has a great potential as well as the whole region has great potential for base oils demand growth”, – Denis Varaksin, DYM Resources’ base oils and slack wax director commented.
Russia has two trends today: growing Group III supplies and decreasing quality of Group I base oils: worsening crude quality increases Sulphur level and darkens the colour of Russian base oils, DYM Resources noted. New group III base oils supplies will increase Russian base oils export this year again thanks to new base oils unit at Yaroslavl refinery which is going to add 100’000 tons of high quality base oils production.
DYM Resources is a supplier of Group I and III base oils from Russia, Turkmenistan, Uzbekistan and Europe with possibility to load in flexi-containers, rail tank cars and trucks. The company focuses on supplies of SN 150, SN 350, SN 500, SN 900, BS-150 and group III 4 cst.
To schedule meeting with DYM Resources team in Tehran during 19-20 April, please contact us through email email@example.com , our LinkedIn, Facebook pages or website www.dymresources.com. We guarantee all requests will be answered.Read More →