Latest Base Oil Demand & Supply, Forecast Data | IMARC Group

[Business Point 2021]

APAC Base Oil Prices Movement Last Quarter:

Base Oil Prices in China:

In Q2 2024, base oil prices in China saw a significant increase, reaching $818 per metric ton. This surge was primarily driven by a combination of factors, including base oil supply shortages resulting from maintenance-related production shutdowns, which reduced the availability of base oil. Simultaneously, demand from key sectors such as manufacturing and automotive grew, further tightening the market and pushing prices upward. The situation was compounded by geopolitical instability, which disrupted transportation and logistics, adding to the uncertainty in the market. These interrelated factors created a challenging environment, contributing to the continued rise in base oil prices throughout the quarter.



North America Base Oil Prices Movement Last Quarter:

Base Oil Prices in the United States:

In Q2 2024, U.S. base oil prices experienced significant volatility, with the average price reaching $1,732 per metric ton. The quarter began with a sharp decline in prices, largely driven by weakened consumer confidence and the economic impact of high interest rates, which reduced demand across various industries. As the quarter progressed, prices briefly rebounded as market sentiment improved, fueled by hopes of an economic recovery and stabilizing demand. However, this recovery was short-lived, as prices once again faced downward pressure towards the end of the quarter, reflecting persistent economic challenges, including inflation concerns and ongoing supply chain uncertainties. The fluctuating price trend underscored a cautious market outlook, with industry stakeholders uncertain about future price movements amid broader economic instability.


How the IMARC Pricing Database Can Help

The latest IMARC Group study, “Base Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Base Oil price trend, offering key insights into global Base Oil market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Base Oil demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.

Unlock Real-Time Base Oil Prices Trend Today: https://www.imarcgroup.com/base-oil-pricing-report

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