Lubricant Additive Prices are Moving Up
Lubrizol – On May 29th, Lubrizol announced it will implement a 5% to 9% price increase across all product areas and all shipping locations. The increase is effective July 1, 2018 and will vary across product area and specific product families. Lubrizol attributes the increase to the higher cost of raw materials resulting from robust demand and continuing consolidation and closure of capacity. In addition, the price adjustments are said to be necessary due to significant increases in transportation costs.
Afton Chemical – On May 18th, Afton announced that effective June 18, 2018 it will increase prices on all performance additive products, from all source points. The price adjustment is said to be in response to higher raw material and transportation costs.
Round 3 Lubricant Price Increase Summary
|Company||Announced Date||Effective Date||Increase|
|Sinclair Lubricants||5/8/2018||7/1/2018||10 to 12%|
|Sunoco||5/16/2018||6/16/2018||4 to 6%|
|Advanced Lubrication Specialties||5/16/2018||6/16/2018||4 to 6%|
|CAM2||5/18/2018||6/16/2018||4 to 9%|
|Smitty’s Supply||5/18/2018||6/16/2018||4 to 9%|
|U.S. Lubricants, Commerce, CA||5/18/2018||6/17/2018||5 to 9%|
|Chemlube||5/22/2018||6/11/2018||5 to 9%|
|Maverick Performance Products||5/22/2018||6/18/2018||4 to 8%|
|Allegheny Petroleum Products||5/23/2018||6/18/2018||6 to 8% on bulk, additional 2% on drums and totes|
|Warren Distribution||5/23/2018||6/25/2018||4 to 8%|