ResearchIndustry Insights2026-10-01
Base Oil Import Parity Breached; HVI Premium Hits ¥1,280/t on Refinery Outages
East China HVI base oil spot at ¥8,760/t — ¥1,280/t above landed import parity; fuel oil up 0.36% to ¥4,434/t signals rising blending feedstock cost; natural rubber’s +5.54% rally has not propagated to lubricant additive chain. SNSUC clients are accelerating Q4 API Group II/III cargo locks.