The price of crude oil in the New York market returned to the high of US$90 per barrel on December 31. As the price of base oil continues to rise, downstream lubricant manufacturers are experiencing increasing cost pressures. Mobil Dec. 0 at 0:00 on the Mobil lubricants full range of products to increase the price of 4 to 8% adjustment, Shell, Castrol also corresponding increase in the price of oil, according to China Lubricants Information Network latest market information, El Lubricants will also increase prices on February 1, 2011.

Industry analysts believe that, although the current increase in the price of lubricants does not rule out the pressure caused by rising raw materials, but the lubricant production giant released the news of price increases do not rule out suspected speculation. At present, the price of lubricant oil in the market is already high. Once the prices have risen sharply, it is very likely that there will be a trend of airborne growth in the later period.

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