Analysis of the most popular lubricant market pric

2022-08-22
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Analysis of China's lubricant market price

"China's lubricant market investment analysis in and the forecast report on the purchase of experimental machines in the past" pointed out that in March 2016, ExxonMobil (China) Investment Co., Ltd. announced that it would raise the price of Lubricant product lines in the mainland, and there was another wave of price rise in June. Shell (China) Co., Ltd. and Great Wall grease marketing department have issued notices announcing price increases

shell (China) Co., Ltd. announced on June 1, 2016 that with the rise in crude oil prices and the sharp increase in the cost of imported raw materials brought about by the depreciation of the RMB exchange rate, as well as the many increases in lubricant consumption tax in recent years, shell is facing greater cost pressure. On July 1, 2016, shell shifted its ruling philosophy from "management" to "governance" and adjusted the sales price of some lubricant products by about 5%, The new price came into effect on July 1st, 2016

at this stage, when we can adjust any wrong name, Sinopec Great Wall lubricating oil company also announced to increase the price of lubricating grease for some products of lithium series from June 1, with a range of yuan/ton. The main reason is that since the end of 2015, the price of lithium hydroxide, the main raw material of lithium lubricating products, has soared, and the inventory of lithium hydroxide raw materials of Great Wall company has been exhausted. Under the support of cost pressure, the price of lithium lubricating grease has been raised

before that, many domestic lubricant brands have also raised prices, such as nexen Mobil (China) Investment Co., Ltd., Yuchai Petronas, etc. The reason is that the increase in cost pressure is the main factor leading to the rise in lubricant prices in 2016

(I) the international oil price rebounded, and the RMB exchange rate continued to hit a new low

since 2016, the international oil price has rebounded 89% from the low value of the year, and the RMB exchange rate has also continued to fall, falling below the five-year low

(II) the price of raw materials has risen sharply, and the cost pressure of enterprises has soared

since March 2016, the domestic base oil market has been in short supply, especially high viscosity base oil. Mainly because our domestic production capacity of high viscosity base oil is limited and our import dependence is high. 2 before stopping the impact testing machine, the domestic supply of class II high viscosity base oil was tightened in 2016 due to the expected overhaul of the base oil device of Formosa Plastics refinery; In addition, most of the high viscosity base oil in South Korea flows to the Southeast Asian market, intensifying the tight supply situation. The shortage of high viscosity resources and the soaring import costs have made the price of class II high viscosity base oil rise all the way, with a maximum increase of about 2000 yuan/ton. For downstream lubricant enterprises, the cost pressure is unbearable, which drives the lubricant price all the way up

in general, with the rise of lubricant and grease products of Mobil, shell, great wall and other major brands at home and abroad, the domestic lubricant market will usher in no small change, and some domestic small and medium-sized private enterprises may also adjust in a short time

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