The ARGUS Europe Group II fca ARA price assessments
European blenders import Group II base oils from the US and Asia to supplement production from their domestic Group II plants in Europe. With stricter engine regulations in place, the European market is expected to switch consumption from Group I to more Group II and Group III base oils in the future.
Advantages of the ARGUS Europe Group II fca ARA price assessments
With Group I and Group II base oil trading dynamics expected to diverge because of differences in demand-supply fundamentals, it is crucial that the market uses the right price assessments to price contracts. Launched in 2013, the Argus Group II base oil assessments are more dynamic in capturing the latest changes in demand-supply fundamentals in the European market.
Users of the ARGUS Europe Group II fca ARA price assessments
The prices are used by importers, distributors and blenders looking to purchase Group II base oils in Europe, helping to them identify arbitrage opportunities and reduce their risk exposure.