Sinclair Announces Second Price Increase in Q1 2018
Sinclair Lubricants will implement a second price increase of up to 5% on finished lubricant products effective March 1st, 2018. This increase will be combined with the price increase announced January 17, 2018. In certain instances, the amount of the price change may fall outside of these parameters. This adjustments is attributed to the increasing costs of raw materials in the production of its products.
A Second Round of Price Increases?
Based on what JobbersWorld is hearing today, a number of blenders say they have been advised that a second round of base oil price increases are coming as early as tomorrow. With that, Sinclair may not be the only one announcing a second finished lubricant price increase in the first quarter of 2018.
Round One Price Increase Summary
With nearly all major lubricant manufacturers announcing adjustments, the first round of finished lubricant price increases in 2018 will make its mark in the history books.
The first announcement JobbersWorld reported on came when CAM2 announced on January 12th that it was pushing through a price increase effective February 5th. This was soon followed by Shell and within three days of the first announcement, most lubricant manufacturers also announced with ExxonMobil only seven days after Shell. A summary of the most recent price increase announcements are shown below and that’s followed by a summary of all finished lubricant price increases JW reported in the first round for 2018.As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 is shown below:
|CAM2||1/12/2018||2/5/2018||6 to 10%|
|SOPUS Products (Shell Lubricants)||1/15/2018||2/19/2018||up to 5%|
Advanced Lubrication Specialties (ALS)
|1/16/2018||2/5/2018||6 to 10%|
|Sinclair Lubricants||1/17/2018||3/1/2018||up to 6%|
|Chemlube||1/18/2018||2/5/2018||$0.20 to 0.25/gal|
|Nu-Tier Brands||1/18/2018||2/19/2018||6 to 8%|
|Martin Lubricants||1/18/2018||2/16/2018||4 to 7%|
|Safety-Kleen||1/18/2018||2/19/2018||5 to 8%|
|Pinnacle Oil||1/19/2018||2/6/2018||6 to 10%|
|Royal Mfg||1/22/2018||2/26/2018||5 to 8%|
|ExxonMobil||1/22/2018||2/26/2018||up to 6%|
|Reliance Fluid Technologies (RFT)||1/22/2018||2/26/2018||5 to 9%|
|Chevron||1/22/2018||3/1/2018||up to 5%|
|Warren Oil||1/22/2018||2/23/2018||4 to 10%|
|CITGO||1/23/2018||2/23/2018||5 to 8%|
|Petro-Canada||1/24/2018||2/23/2018||Lubricants up to 6% Process Oils and Purity FG White Oils $0.10/gal|
|Warren Distribution||1/24/2018||2/26/2018||6 to 9%|
|Smitty’s Supply||1/24/2018||2/12/2018||lubricants 6 to 10% Greases 3cpp|
|Phillips 66||1/25/2018||3/5/2018||up to 5%|
|Old World Industries||1/29/2018||2/12/2018||6 to 10%|
|BP Lubricants USA (Castrol excluding industrial)||1/29/2018||3/12/2018||up to 6%|