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Chemical Engineering and Process
Lubricants Market Morning Report 20260427
Time： 2026-06-05 19:47:37
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Price Trend
Base Oil Prices (CNY/MT)
Type | Price | Change |
Average price in Shandong | 11,127 | ↓-100 |
Imported Group II 150N | 13,700 | — |
Imported Group II 500N | 13,000 | — |
Imported Group I 150BS | 15,000 | — |
PAO4/PAO6 | 22,000 | — |
Hydrocracking Bottom Oil | 7,200 | — |
> The operating rate of base oil production capacity stays at around 55%, with market supply and demand basically balanced.
Brand Updates
Industry-wide price hikes from April (5%-10% increase)
Brand | Effective Date |
Castrol | Apr 1 |
Shell | Apr 6 |
Kunlun Lubricants | Mar 25 |
Mobil | April |
Reason: International crude oil prices keep rising, driving up costs of base oils, additives and packaging materials.
Regional Market Updates
China
The industrial lubricant market exceeded 68 billion CNY in 2025, with a year-on-year growth of 5.2%. The penetration rate of DPF/GPF is expected to rise to 72%.
India
Tariffs on 40 categories of petrochemical products have been exempted from April 2 to June 30, marking the start of a duty-free period.
Indonesia
It ranks as the world's third-largest motorcycle market. A Chinese lubricant company launched new motorcycle oil products in Jakarta on April 23.
Russia
One of the world's major lubricant consumption markets. Russia adjusted its oil export policies on March 25.
Market Outlook
Short-term Forecast (1-3 months):
• Raw material cost pressures will persist, and further price hikes may follow.
• The automotive lubricant market enters the peak season for oil changes.
• Demand for environmentally compliant products is on the rise.
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