Some brands rose more than two cost reports (reporter Lin Run) “just got up!†Yesterday, at the Sinopec Great Wall Lubricants sales point on the Hubin South Road, the staff continued to say. Lubricants are the “partners†of many machines and vehicles. Recently, lubricants have shouted up in Xiamen City, and some brands have risen more than 20%.
Get up once every few days
"Customers come to us, look at it, and raise prices. We always have to patiently explain the job." A staff member of a lube sales shop said that recently, the price of oil in the lube market has fluctuate greatly. It is necessary to adjust the price once, and the magnitude is not small. For example, a gasoline engine oil, at the end of last year at 30 yuan a barrel, this year has jumped several steps, the latest price increase from 38 yuan / barrel rose to 46 yuan / barrel. The staff member said that it would not be clear whether it would rise again after some time. It is understood that on March 6th, Sinopec adjusted the price of its “Great Wall†lubricants, involving hundreds of varieties. The relevant person in Sinopec Xiamen Lubricants Sales Department said that the average increase rate is about 20%. "If compared with the same period of last year, the increase was about 40%!" The Kunlun lubricants owned by CNPC are no exception. It is understood that PetroChina Kunlun Lubricants conducted a full price adjustment in February, and some varieties were raised again on March 3. The latest adjustment time may be on March 12. The unified lubricants also adjusted the prices of its various products on February 15 and February 23, respectively, at a rate of around 15%. Foreign brands also joined the ranks of rising prices. Shell's current price of a 4-liter lubricant is around RMB 90, which is also rising. "Foreign brand prices are generally higher than domestic brands by more than 30%, and their price adjustments are not so frequent, but adjustments will be more in place," said a person in charge of a lubricant sales shop.
International oil price fluctuation is the main reason
Lubricants, gasoline, and diesel are "relatives," and people in the industry say that the price of lubricants has risen so frequently this year that international oil prices can't take off. “The raw material of lubricants is base oil, and the raw material of base oil is crude oil.†The relevant person of the Sinopec Xiamen Lubricants Sales Department said that it was precisely due to the fluctuation of international oil prices that affected the base oil that led to the rise of base oil. This surge of lube finished products. From the beginning of last year, the rise of base oil in China has been staggering. In the past year, the largest increase in base oil products reached 100%, while other base oils accounted for more than 40%.
The price has not yet reached the end
The reason why oil prices are frequently adjusted is because the price of lubricants is not under the direct control of the state and is much more flexible than gasoline and diesel. This also means that lubricants will be more affected by international oil prices. Right now, international oil prices are still hovering around the high of around $60/barrel. The oil experts in the city said that there is still a gap between the price of the domestic lubricants market and the international market, so the price increase has not yet reached the end! Lubricants are used in a wide range of applications. Lubricants can be found in factories and auto ships wherever there is steel equipment. The rise in prices has made some consumers "stingle". An employee of a lubricant sales shop made an interesting analogy: "Like a meal, the price is high and the appetite has been reduced. Some customers have lengthened the cycle of use, so as to save the cost of their own."