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Meet DYM Resources at the 13th ICIS Asian Base Oils and Lubricants Conference

DYM Resources participates in the 13th ICIS Asian Base Oils and Lubricants Conference. The Conference takes place from June 25th to 27th in Singapore.

“Asian market is the fastest growing one in the world. Quality changes happening there are amazing,” — says the managing director from DYM Resources Denis Varaksin. “DYM Resources is a global base oils and additives supplier. Therefore, we will use the conference to see suppliers and clients, and to get more knowledge about base oils market in Asia.”

Conference speakers will discuss, how politics and increased geopolitical tensions affect the Asian economy. They will try to make a forecast, what the economic outlook for the Asian region will be after 2020. Several reports will be made on the base oils of Group I and Group II, as well as on the introduction of Euro VI equivalents in Asia, and on upcoming innovations in engine performance affecting the lubricants business.

Among the speakers will be company representative from Shell, ExxonMobil Fuels & Lubricants, Infineum Singapore ( fuel and lubricant additives), The Lubrizol (additives for transportation and industrial lubricants), Pertamina Lubricants (manufactures lubricants), Chemlube International (lubricating oils and greases), Lukoil Marine Lubricants.  In 2018 the Conference was attended by over than 300 delegates.

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

To meet our managing director Denis Varaksin at the 13th ICIS Asian Base Oils and Lubricants Conference you are welcome to contact us per email: info@dymresources.com.

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DYM Resources’ Revenue Grew 74% in 2018 Compared to the Previous Year

DYM Resources’ revenue grew 74% in 2018 compared to the previous year and profit multiplied by 2.3, according to the company’s financial report.

“Although it has been a challenging year for trading companies, we achieved sufficient growth due to our focus on client service, improving cost effectiveness, and introducing new products to our portfolio,” DYM Resources’ base oil and wax trading director Denis Varaksin says.

DYM Resources began to supply several new products in 2018: bitumen, diesel, gasoline, and calcium hypochlorite. The company’s key projects – petroleum coke, base oils, and waxes – have also shown significant growth over the past year.

“Our reputation investment is finally paying off. There is a significant demand for honest, transparent, and high quality service in petrochemical products of the former USSR,” says DYM Resources’ petcoke and bitumen trading director Yury Burenco.

DYM Resources is an international oil products trading company focused on supplying base oils, lubricants, waxes, bitumen, and petroleum coke.

The company sources mainly from Russian-speaking countries: Russia, Uzbekistan, Turkmenistan, and Belarus.

DYM Resources delivers base oils SN 150, SN 350, SN 500, SN 900, SN 1200, and BS-150, Group II HVI-2, as well as Group III VHVI-4 and VHVI-8 globally in bulk tankers, flexi-containers, rail tank cars, trucks, and iso-containers.

The company exports low and high sulphur petroleum coke from Russia, Turkmenistan, and Kazakhstan from multiple suppliers such as Rosneft, Lukoil, Tatneft, Gazpromneft, the Turkmenbashi refinery, and others. DYM Resources delivers petcoke to cement and metal industries by rail, container, and bulk vessels. The company also works with all bitumen producers in Russia and ships road bitumen to European consumers.

You are welcome to contact managing directors from DYM Resources per email: info@dymresources.com.

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February maintenance tighten Russian base oils supplies

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
Lukoil Volgograd 550
Lukoil Perm 440
Rosneft Novokuibyshevsk 350
Rosneft Angarsk 250
Rosneft Ufa 240
Rosneft/Gazprom Yaroslavl 350
Gazprom Omsk 240
Tatneft Nizhnekamsk 190
Total 2610

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 info@dymresources.com

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