In this article, the reasons for discoloration of hydrotreated naphthenic rubber base oil under high temperature were studied in detail. In order to define compositional factors associated with the color deterioration, firstly liquid-solid chromatography was used to separate hydrotreated naphthenic rubber base oil into five different fractions, i.e., saturates, monoaromatics, diaromatics, polyaromatics, and polars. Then color change of each fraction was evaluated under high temperature. The results of the test indicate that polyaromatics and polars are the main precursor of color and deposits, respectively, and the composition of polyaromatics was characterized by Address correspondence to Tianhui Ren, 343 Downloaded by [McMaster University] at 06:24 26 December 2014 344 S. Han et al. elemental analysis, gas chromatography mass spectrometry (GC-MS) and atmospheric pressure chemical ionization mass spectrometer (APCI/MS).