Lubricants Market Morning Report20260703

Section 1: Global Market Trends

Oil Prices to Slash Sharply at 24:00 on July 3, 2026

This marks the first oil price adjustment in July 2026, with a projected gasoline price cut of 830 RMB per metric ton

Date: July 3, 2026

Latest Retail Prices of No.92 & No.95 Gasoline at Gas Stations Across Provinces (July 3)

Beijing: No.92 gasoline at 7.94 RMB/L, No.95 gasoline at 8.45 RMB/L

Date: July 3, 2026

International Oil Prices Fell on July 1

WTI crude closed at USD 68.58 per barrel, down 1.32%

Date: July 2, 2026

Section 2: Lubricant Industry News

The Toughest Period Is Coming for the Lubricant Industry

Behind Uni-President Petrochemical 2026 Global Technology Conference

Date: July 1, 2026

South America International Lubricants Exhibition Held

The 16th South America International Lubricants Exhibition ran from June 16 to 17

Date: June 16, 2026

Section 3: South American Market

South American Lubricants Exhibition Focuses on Sustainable Development

Key highlights: Bio-based lubricants and circular economy

Section 4: African Market

Rising Demand for Lubricants in South Africa

Infrastructure investment fuels demand for construction machinery lubricants

Section 5: Russian Market

2026 Moscow International Lubricants Exhibition Scheduled for November

The 20th Moscow International Lubricants Exhibition will open on November 6

Additional Market: Indian Market

Rapid Growth of India’s Lubricant Market with Strong Demand for Automotive Lubricants

Section 7: Marine Fuel Oil in Malaysia

Malaysia Upgrades Quality Standards for Marine Fuel Oil

Surge in demand for low-sulfur marine fuel oil

Section 8: Lubricant Fundamental Knowledge

Category A: Popular Science – Basic Composition of Lubricants

Lubricants consist of base oils and additives

Base oils are categorized into mineral oils and synthetic oils

Lubricant Classification by Application

SAE Viscosity Grades

Category B: Technical Comparison – Synthetic Oil vs Mineral Oil

• Synthetic oils feature superior thermal stability

• Mineral oils offer lower prices

• Fully synthetic oils support a wide operating temperature range

• Semi-synthetic oils deliver cost-effective performance