The base oil market was in a general trend of surplus in 2017. Although there was a brief decline in the market supply due to the shutdowns of some plants under the pressure of environmental supervision, from the perspective of the overall demand and new production capacity, the trend of oversupply will continue in the base oil market.
From 2018 to 2021, the world will see an additional 4.25 million tons/year of base oil capacity. In 2018 alone, there will be a total of 2.9 million tons/year of new capacity launched, i.e., ExxonMobil’s 1 million tons/year Group II plant, Handi Sunshine’s 800,000 tons/year Group II/III plant, Dalian Hengli’s 700,000 tons/year Group II/III plant and Rosneft’s 400,000 tons/year Group II plant.
As China’s economic growth has slowed in recent years, the core industries with a high degree of correlation with the lubricants industry have been shrinking. The growth of lubricants market demand has become stable under the influence of industrial integration, the elimination of backward capacity and the extended oil drain intervals. China’s motor oil demand has slightly increased, but the overall growth slowed due to the decrease in demand for commercial vehicles. The industrial lubricants market will remain depressed for some time.
A nationwide environmental supervision was carried out on various industries in 2017, including the lubricants industry. A large number of small blending plants in Beijing, Tianjin, Hebei and Shandong were forced to shut down. As a result, the industry concentration significantly improved. We wonder if the customer resources of those closed blending plants be taken over smoothly by leading enterprises in 2018?
What will be the performance of the base oil demand in 2018? Will there be any change? Have the base oil suppliers found their new market direction? Can the environmental policy produce real benefits to major blending companies in different regions?
Shanghai Enmore will organize the 12th International Base Oil Summit 2018 in ShanDong JiNan , China during September 10th-12th, 2018. The conference is to attract more than 600 local and overseas market players in the base oil industry. We sincerely invite you to join us!
agenda
Agenda
Crude Oil Price, Crude White Oil Policy, New Capacity, Environmental Regulations and Currency Fluctuations Focus
Day 1 / September 10th, Monday Afternoon
13:00-14:00 Sign-in
14:00-14:10 OpeningAddress
14:10-14:40 Forecast of base oil supply and demand trend in Asia Pacific and China
m Group I, II and III base oil market supply situation
m Industry and shipping market’s irreplaceable demand for Group I base oil
m New Group II/III capacity and market demand analysis
14:40-15:10 Middle East base oil capacity change and trade flow
m The impact of international political factors like the Sino-US trade war on the situation in the Middle East and in turn on its base oil trade flow
m Middle East base oil capacity change
15:10-15:40South Korea base oil capacity change and trade flow
m South Korea is Asia’s biggest producer of base oil and China’s biggest supplier. Capacity change of four major Korean base oil brands and trade flow analysis.
15:40-16:10 China base oil capacity change and influential factors
m China’s base oil industry will see a period of rapid capacity expansion in the next few years. By 2020, the domestic base oil capacity is expected to increase to about 9 million tons, and the additional capacities will be mainly from private enterprises such as Qingyuan Group, Dalian Hengli and Liaoning Haihua. What will happen to the Chinese base oil landscape?
16:30-18:00 Coffee Break & Networking
18:00-20:00 Gala Dinner
There will be performances, lucky draw and other fun activities.
Day 2 / September 11th,Tuesday Morning
09:00-09:10 Opening Address
09:10-09:40The impact of environmental policy on base oil and lubricants industry
m Policy factors accelerate lubricants capacity concentration
m Affected by the most stringent environmental protection law, the market supply has decreased significantly. So far, there are more than 100 Group I/II base oil plants in China. How about their production status and the impact on the industry?
09:40-10:10 GF-6 Standard’s influence on lubricants and base oil market
m Difference between GF-6A and GF-6B
m Advantages of GF-6 standard: fuel economy?
m Low viscosity UHVI base oil (Group III+ and PAO) demand will continue to increase?
10:10-10:40Group III base oil supply and demand and market change
m Group III refineries account for only 13% of the global base oil capacity, and over 90% Group III capacity is held by the top 13 producers. What is the supply and demand situation of Group III base oil in 2018? How will it affect the market?
10:40-11:00 Coffee Break
11:00-11:30Automotive lubricants market overview and development
m The sustained growth of car ownership will still be a main driving force behind the growth of the lubricants industry, but the growth of its market segments will vary. We’ll explore the development space of automotive lubricants through analysis of various market segments.
11:30-12:00Industrial lubricants market structure analysis
m As the processing industry has higher quality requirements, quality has become a main consideration for industrial lubricant users. High quality products bring huge business opportunities, and what about their market impact?
12:00-14:00 Lunch Buffet
Day 2 / September 11th,Tuesday Afternoon
14:00-14:30Synthetic base oil market status and prospect
m Will automobile market, industry, housing market and infrastructure construction restore high-speed growth?
m The lubricants market is now shared among foreign brands, state-owned enterprises and private ones. How will the market landscape evolve in the future?
m Policy, market and technology—how to promote China’s lubricants industry and product upgrading through the three aspects?
14:30-15:00Naphthenic base oil market and policy influence
m Main types of industrial lubricant products and consumption proportion
m Policy, market and technology—how to promote China’s lubricants industry and product upgrading through the three aspects?
m Application characteristics and technical support of food-grade lubricants
15:00-15:30Advanced synthetic base oil technology and opportunities in the China market
m Development and application of synthetic lubricants in Europe and America
m PAO and PAG synthetic lubricants have obvious advantages in performance and conform to the trend of energy saving and emission reduction
m Fast-growing synthetic base oil and lubricants market and China opportunities
15:30-16:00 Coffee Break
16:00-16:30 Advanced lubricant additives lead the development of lubricants market
m The penetration rate of high quality additives in automobile and industry will continue to increase
m Technical progress and performance advantages of automotive lubricant additives
16:30-17:00Coal-to-base oil technology and conventional market impact
m China coal-to-base oil project progress and capacity situation
m The influence of coal-to-based oil on conventional base oil markets
18:00-20:00 Dinner Buffet
Day 3 / September 12st, Wednesday Full Day
Business Investigation or Recreational Travel (Optional)
Sepahan Oil Conference (Venue: Guifeng Ballroom )
Day 2 / September 11th, Tuesday Morning
Sepahan Oil Conference (Venue:Guifeng Ballroom 6th Floor)
09:30-10:00 Registration & Networking
10:00-10:25 Sepahan oil Company Overview
10:25-10:50 Sepahan Oil Products Overview
10:50-11:10 Tariffs on imports of Sepahan base oils and other lubricants how to avoid taxes reasonably
11:10-11:30 An Overview of the Processes in SOC Refinery (From Lubcut to Base Oil)
11:30-12:00 SOC’s achievements in the field of engineering and design:
Room temperature finish oil blending technology Rotary drum vacuum filter
12:00-14:00 Lunch Buffet
14:30-17:00 VIP Meeting with Sepahan Oil Customers
18:00-20:00 Dinner Buffet
