Light-grade base oils in short supply in Asia

Solvent neutral (SN) 150 grade lubricating base oil is in short supply in Asia, Base Oil Market Weekly reported. In Thailand, Japan and Indonesia, spot supply possibilities have not appeared for several weeks now, as strong domestic demand soaked up the output of local refiners, it said. According to the BOM Index, the current FOB Southeast Asia price for SN150 range from US$1200-1245/metric ton (MT) while CFR Northeast Asia price range from US$1240-1280/MT. CFR India price range from US$1250-1280/MT. (April 18,2011)