Latest Virgin Base Oil Price

To get today’s last updated rate of Base Oil price please contact to sales manager of Base Oil Mr. Salem on WhatsApp at +98-913-2884959.

Updated Virgin Base Oil SN500 Price on 5th October of 2024 is 750$ per mt FCA Price

What is virgin base oil?

Virgin base oil is the unrefined gold of the lubricant industry. Derived directly from crude oil, this substance undergoes a meticulous refining process to eliminate impurities and enhance its lubricating properties. The result is a product of exceptional purity and performance.

Characterized by its high viscosity index and resistance to oxidation, virgin base oil serves as the cornerstone for a vast array of lubricants. From the engines of our vehicles to the intricate machinery powering industries, this essential component ensures smooth operation and prolonged equipment life.

The production of virgin base oil is a complex process involving distillation, solvent refining, and hydro finishing. These steps are crucial in achieving the desired purity levels and enhancing the oil’s overall quality. The final product is a clear, odorless liquid that forms the basis for a wide range of lubricants, including engine oils, transmission fluids, hydraulic oils, and greases.

As the demand for high-performance and environmentally friendly lubricants grows, the importance of virgin base oil continues to rise. Its exceptional properties make it an indispensable ingredient in the formulation of advanced lubricant products that meet the stringent requirements of modern applications.

Applications of Virgin Base Oil

Virgin base oil is a high-purity petroleum product with exceptional lubricating properties, making it a critical component in a wide range of applications. It serves as the foundation for:

• Automotive lubricants: Engine oils, transmission fluids, gear oils, and hydraulic fluids.
• Industrial lubricants: Hydraulic oils, metalworking fluids, compressor oils, turbine oils, and gear oils.
• Other applications: Greases, white oils, and process oils. The specific application of virgin base oil is primarily determined by its viscosity grade, which dictates its flow characteristics under varying temperature conditions.

Specifications of Virgin Base Oil

The quality and performance of virgin base oil are rigorously defined by industry standards and specifications. Key parameters include:

• Viscosity: A measure of the fluid’s resistance to flow, typically expressed in centistokes (cSt) at specified temperatures.
• Pour point: The lowest temperature at which the oil remains fluid.
• Flashpoint: The minimum temperature at which the oil vapor ignites when exposed to an open flame.
• Color: An indicator of refining depth and purity.
• Sulfur content: A measure of sulfur impurities.
• Additional properties: Oxidation stability, carbon residue, and nitrogen content. Industry bodies such as the American Petroleum Institute (API) and the Society of Automotive Engineers (SAE) establish comprehensive standards and classifications for base oils.

Packaging of Virgin Base Oil

Virgin base oil is packaged in various containers to suit diverse handling and storage requirements:

• Bulk storage: Large-scale storage tanks at refineries and terminals.
• Drums: Widely used for industrial applications in various sizes.
• Pallets: For efficient transportation and storage of multiple drums.
• Iso tanks: Specialized containers for bulk transportation. Proper packaging and handling are essential to preserve the oil’s quality and prevent contamination.

Downward sentiment in the market and a drop in seasonal demand put pressure on the price of FOB SN500 cargoes of the first group of Iran. This is despite the strengthening of rates, no new orders and demands for export shipments with viscosity index were registered.

In general, the average price of SN500 FOB Iran cargoes decreased due to the drop in the volume of maamat and the excess supply of second-group cargoes.

Sales offers for SN150 cargoes with low viscosity index, along with SN500 cargoes, have not been in a favorable situation. The rate of August SN150 shipments with a high viscosity index has been strengthened this week, and due to the general shortage of first-group shipments, the overall price of these shipments has been strengthened.

On the other hand, the shipments of the second group, while limiting new orders, did not have much demand.

In general and considering the current season

the demand was at low levels. On the other hand, the arrival of the monsoon season has also affected the amount of demand from India, and the lack of change in the demand situation in China has also become the reason.

Refineries have offered their August delivery cash shipments in a limited manner, and it is expected that the strengthening of global crude oil prices will affect base oil prices in the short term.

The prices of the third group cargoes have not changed much compared to the last two weeks due to the lack of change in the demand situation. It is expected that the supply of SN500 cash shipments of the first group with a high viscosity index will continue to be limited.

Weak demand for the second group of cargoes can affect the amount of imports to the UAE.
At the beginning of last week, the crude oil futures market chart was strengthened due to signs of decreasing inflationary pressures in the United States, the largest consumer of crude oil in the world.

The drop in the value of the dollar index the re-emergence of signs that the rate will decrease again interest, and the initial negotiations regarding the ceasefire between Hamas and the forces of the Zionist regime led to a further increase in the price of crude oil.

However, crude oil prices were under pressure after the release of weak economic data from China, a decline in GDP, and a renewed strengthening of the global dollar index.

TECHNICAL DATA SHEET OF BASE OIL SN-500

Base Oil SN 500

TECHNICAL DATA SHEET OF BASE OIL SN-150

Base oil SN 150