With summer just around the corner, many base oil market participants are trying to figure out what trajectory prices will take in coming months. After a very intense winter season, when base oil prices seemed to be revised on almost a weekly basis, players felt slightly bewildered when the start of spring did not usher in any clear indication of where prices might be heading next. Historically, spring is usually the time when producers are able to implement price increases, supported by flourishing demand.
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