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| Report Features | Details |
| Product Name | Base Oil |
| Region/Countries Covered |
|
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Request for Real Time Base Oil Prices: https://www.procurementresource.com/resource-center/base-oil-price-trends/pricerequest
Base Oil is a lubricant component. It is extensively employed in the formulation of lubricants. It is a refined petroleum product that is created through a difficult refining procedure that improves the quality of the oil by removing impurities.
The applicability of base oils for different lubrication applications is determined by their chemical composition, viscosity index, and other physical characteristics.
It is crucial components of lubricants because they give machinery and equipment the lubrication and protection it needs from wear, friction, and corrosion. Also, they contribute to temperature control, greater energy efficiency, and increased machinery and equipment longevity.
The top base oil-producing countries are South Korea, the United States, India, Singapore, Japan, China, and Germany.
Key Details About the Base Oil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Base Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Base Oil Price chart, including India Base Oil price, USA Base Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Base Oil Price Trend:
Hydraulic fluids, gear oils, compressor oils, and turbine oils are just a few industrial lubricants that utilise base oils as their primary component. These lubricants are used in machinery and equipment to lessen wear, friction, and heat generation.
To provide lubrication and cooling during metalworking operations, they are also utilised in metalworking fluids like cutting oils and grinding fluids.
In order to provide electrical insulation and cooling, they are utilised as insulating fluids in electrical transformers and other high-voltage machinery.
Key Players:
- Chevron Corporation
- Exxon Mobil Corporation
- Hyundai and Shell Base Oil Co.
- Petro-Canada Lubricant
- Saudi Arabian Oil Co.
News and Events:
- March 23, 2023: Singapore's base oil exports hit a six-month high in February, with shipments to China steadily increasing. The increase in shipments to China continued into and accelerated in March, indicating that the country's demand is continuing to improve. China's desire for foreign supply was less guaranteed once the country's own base oil output recovered from exceptionally low levels.
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About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Jolie Alexa
Email: sales@procurementresource.com
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