North America Base Oil Prices Movement Last Quarter:

Base Oil Prices in the United States:

During the last quarter, the Base Oil Prices Graph shows prices in the United States fluctuated significantly, averaging $1,732 per metric ton. The quarter began with a notable price drop, largely attributed to weakened consumer confidence and the effects of high interest rates, which eroded purchasing power and curbed demand. Midway through the quarter, prices saw a temporary rebound driven by improved customer sentiment and a brief recovery in market conditions. However, this upward momentum was short-lived, as prices declined again toward the quarter's end due to softening demand and sluggish economic performance. This trend underscored the cautious outlook that dominated the market during this period.

APAC Base Oil Prices Movement Last Quarter:

Base Oil Prices in China:

In the last quarter, base oil prices in China saw significant increases, peaking at $818 per metric ton. This steady upward trend was fuelled by multiple factors, including supply constraints caused by maintenance-related production shutdowns. Simultaneously, heightened demand from critical sectors such as manufacturing and automotive added further pressure to the limited supply. Geopolitical instability compounded these challenges, disrupting transportation and logistics and adding to market uncertainty. These combined factors drove the consistent price rise throughout the period.

How the IMARC Pricing Database Can Help

The latest IMARC Group study, “Base Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed Base Oil price trend analysis and offers key insights into the global Base Oil market dynamics. This report includes comprehensive price charts that trace historical data and highlight major market shifts.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Base Oil demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.

Get Real-Time Prices of Base Oil: https://www.imarcgroup.com/base-oil-pricing-report

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