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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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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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