Base oil market news

Monday, February 12th, 2007

In line with ICIS quotations base oil prices, European Export and NWE Domestic slumped in recent weeks to levels we saw almost one year ago.

Suppliers from East Europe are reluctant to accept further price reductions. Continuous pressure on prices could result in the production of alternative products as they become economically feasible.

EU legislation

Monday, February 12th, 2007

The new EU regulation REACH (Registration, Evaluation and Authorization of Chemicals) will come into force as of 1st June 2007.

The impacts on our industry for importers and manufacturers will be highlighted in the coming hocem newsletters. Stay in touch!