Since November 2010, crude oil has remained high after rising all the way. Two domestic refineries have ceased to produce base oil in the transition, and the Fushun refinery has exploded. The domestic base oil output has been reduced from 3.8 million tons/year to 2.5–2.8 million in 2011. Ton/year; Overhaul of six refineries in the Asia Pacific region; Demand for base oils at home and abroad has also increased month by month. Additives, transportation costs and operating costs have been on the rise. Overseas lubricants brands have also increased prices for several times by the end of 2010. At the beginning of 2011, it was even a "buzzing up" globally.
At present, due to the shortage of basic oil resources, the prices of international and domestic base oils and additives continue to rise, leading to a sharp rise in the cost of lubricants. Affected by this, major lubricant brands at home and abroad have raised prices. Shell, Mobil, BP, Castrol and the Great Wall of China and other lubricant manufacturers have raised prices. According to relevant information, it is confirmed that Uniform Lubricant will also once again raise the sales price of the entire line of products in the near future in order to cope with the pressure of rising costs.
Raw material prices rose oil prices rose
The base oil market price has continued to rise since November 2010, and the cost of lubricants has risen rapidly. The domestic basic oil market price has generally risen by 1000-1500 yuan/ton, while the international oil price is also fluctuating at a high level. Since December, international crude oil has made new highs. At the beginning of the new year in 2011, it was above US$95. Due to the pressure of increasing costs, the upstream price of oil products has also risen.
After the New Year's Day, with the continuous rise of international crude oil, the domestic base oil market showed a clear upward trend. Both the national standard oil and non-standard oil prices hit record highs, and the domestic base oil market showed a non-light season. Since the New Year’s Day, the national standard oil price has increased by 400-600 yuan/ton, among which 150SN has risen to 10800-11700 yuan, and the second category 150 has risen to 11500-12,000 yuan. It is expected that the price of imported base oil will increase by 1,500 yuan/ton in the later period.
Facing the pressure of price increase
With the continuous rise in raw material costs, unified lubricants have also had to carry out a new round of price adjustments. It was revealed that the comprehensive adjustment of about 8%, but its relevant responsible person also said that unified lubricants will deal with the majority of dealer partners together to deal with Price pressure. "In order to ensure the healthy development of the market and the smooth transition, we will continue to provide quality products and services to meet customer needs and actively respond to market changes."
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