Motiva raises Group II, Group III postings

Motiva notified its customers today that it will raise its posted prices for its Group II and Group III base oils.

The increases lift the producer's postings for its Group II N100 (Prima 100) by $0.20 to $2.54/USG, Group II N220 (Prima 220) by $0.25/USG to $2.76/USG and Group II N600 (Prima 600) by $0.25/USG to $2.84/USG.

The increases also raises Motiva's postings for its Group III grades by $0.20/USG, lifting its 4cst (Ultra 4) to $3.05/USG and 6cst (Ultra 6) to $2.95/USG.

The new prices take effect from 9 December.

The price increases follow a steady price recovery for crude, vacuum gasoil and diesel prices from the end of October. Limited surplus supplies have continued to support firm domestic spot prices since late August.

Several other producers have also announced posted price increases. ExxonMobil notified its customers last week of posting increases for its Group I and Group II/II+ light- and mid-viscosity grades and Group II heavy grade by $0.20/USG and its Group I heavy neutral and bright stock by $0.30/USG. The new prices take effect from 10 December.

Excel Paralubes has also raised its posted prices for its Group II/II+ base oils. The increases lifted its N70- N225 by $0.25/USG and N600 by $0.30/USG. Phillips 66 raised its Group II+ and Group III posted prices by $0.25/USG. The new prices take effect from 9 December.

Chevron also announced today posted price increases for its Group II base oils. The producer raised its N100 by $0.30/USG, N220 by $0.26/USG and N600 by $0.25/USG. The new prices took effect immediately.

HollyFrontier has also raised its Group I posted prices by $0.20-0.30/USG. The price increases take effect from 10 December. Calumet will also raise its Group I and Group II posted prices by $0.20-0.30/USG. The new prices take effect from 14 December.

Eva Molina