According to insiders of Sinopec Lubricant Sales Company, Great Wall Lubricant Company brewing will continue to increase the sales price of lubricants around January 25, 2011, with an increase of around RMB 500/ton. The price adjustment time was only less than two months from the last time on December 1, 2010, and the previous adjustment ranged from RMB 200-500/ton. The source said that despite the current poor market demand for lubricants, but the base oil market prices have continued to rise since November 2010, the cost of lubricants rose rapidly, so the Great Wall Lubricants sales company continues to increase the price of lubricants. However, due to the end of the winter oil change season, the domestic market demand is in a weak consumption state, and the short-term market will not be affected much. A distributor of lubricants in the East China Market also stated that the current base oil prices remain high and that the reconciliation plant is also shutting down as early as possible. It is expected that the impact of this price adjustment will be performed after years.
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Great Wall Lubricating Oil Will Push Up Sales Prices Again