In the first half of the year, major lubricant manufacturers issued a letter of price increase notice to dealers. In addition to the price adjustment, the price of US Shengli's lubricant products will increase by 4%. In the following weeks, the price of lubricants will increase. Constantly, including Shell, Chevron, Castrol, the general increase is between 3% and 9%. Under the circumstance of rising fuel prices, the lubricant market has been unable to sit still. What factors affect?
1, internal factors
Mainly due to the increase in production costs, operating costs and other costs and expenses led to the price surge.
2, external factors, the main cause of price increases
1, the base oil price rose
The finished lubricating oil consists of base oil and additives. The base oil ratio is about 80%. Most of the base oil comes from crude oil. Crude oil can be said to be the basic formula of lubricating oil. Since crude oil is affected by various factors, the price changes are very frequent. On average, it will float up and down two or three times a month. In the second half of 2016, due to sluggish demand in the domestic base oil market, the overall market price tends to be weak, but at the end of November 2016, the Organization of Petroleum Exporting Countries (OPEC) reached its first in eight years. A reduction in production agreement, oil prices closed up nearly 9%. OPEC and non-OPEC oil producers reached the first joint production reduction agreement since 2001 on December 10 in Vienna, and set a non-OPEC oil-producing state-owned The largest reduction in production in history, international crude oil prices have risen sharply, the base oil has ushered in an uptrend, the mainstream price has risen by 10-20%, and the individual models have increased by 23%. The production cost of lubricant companies has increased in a month or so. 1000 yuan / ton, which has become the main reason for the rise in the price of many lubricant brands.
2, the cost of additives rises
In the process of processing finished lubricating oil, additives need to be added. As an important formula to distinguish the lubricating oil grade, the additive can give the lubricating oil better performance. However, due to various factors, the processing cost of the lubricating oil is increased, which also affects the lubricating oil price. Since the third quarter of 2016, due to the influence of foreign exchange factors, the import prices of additive raw materials have risen. At the same time, due to policy factors, most factories limit production or stop production, market supply declines, and costs rise.
3, packaging materials rose
The common lubricant packaging in the market is divided into inner packaging and outer packaging. The inner packaging is iron drum and plastic drum packaging, and the outer packaging is corrugated carton packaging. The main raw material for producing plastic products is polyethylene derivatives, and due to the recent crude oil. The price has risen. The price of raw materials such as polyethylene has increased by nearly 40%, the price of plastic drums has increased by 15%, and the price of plastic barrels has increased by 20%. The prices of domestic packaging materials such as cartons have continued to rise.
4, logistics and transportation costs rose
Since September 21, 2016, the “Regulations for the Management of Overrun Transportation Vehicles” issued by several national ministries and commissions directly led to a 33.6% increase in the unit price of freight, combined with the corresponding increase in taxes, the actual freight rate increased by more than 35%.环保 and other environmental pressures, the restrictions on large trucks are becoming stricter, the capacity continues to be tight, and prices continue to rise. For the price increase, large companies and big brands have strong ability to resist price fluctuations. These companies have sufficient resources to support and have obvious brand advantages. , able to withstand the risks brought by price increases and market pressure.
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