Episode 1024: PODCAST: Asian base oils face languishing demand amid oversupply

SINGAPORE (ICIS)--The Asian base oils markets continue to see tricky times ahead as ample supply coincides with weak demand. Producers' margins may come under pressureGroup II 150N and 500N FOB (Free on Board) Northeast Asia prices reached highs in late-April Group III supply of South Korea origin cargoes to increase as turnarounds concludeIn this podcast, markets editor Julia Tan speaks with senior editor Matthew Chong, senior industry analyst Whitney Shi, and Base Oils Market Analyst Jenny Ma to discuss how the market fared in the first half as well as the outlook in the second half of a challenging year. I.C.I.S. will be launching the monthly Asian base oil forecast on June 27, which will provide price forecasts and analyses of market drivers for the Group I, II, and III base oils market across a period of 18 months.