Brazil’s base oils imports rose to an eight-month high in June in the face of firmer-than-expected domestic lube demand and ahead of plant maintenance work in the coming months.Base oils imports of 80,300mᶟ (71,100t) in June rose from 57,460mᶟ the previous month, government data showed.Imports fell by 17pc in June and for the third time in four months from year-earlier levels.The trend cut total imports to 386,220mᶟ in first-half 2023, down 4pc from 402,360mᶟ during the same period last year.The lower imports contrasted with rising domestic lubricants demand during the first half of the year. Maintenance work on several base oils units is also set to take place in second-half 2023.The trend raised the prospect of sustained demand for base oils supplies from overseas markets and from the US especially..Brazil’s June lube demand rises
Brazil’s base oils imports rose to an eight-month high in June in the face of firmer-than-expected domestic lube demand and ahead of plant maintenance work in the coming months.Base oils imports of 80,300mᶟ (71,100t) in June rose from 57,460mᶟ the previous month, government data showed.Imports fell by 17pc in June and for the third time in four months from year-earlier levels.The trend cut total imports to 386,220mᶟ in first-half 2023, down 4pc from 402,360mᶟ during the same period last year.The lower imports contrasted with rising domestic lubricants demand during the first half of the year. Maintenance work on several base oils units is also set to take place in second-half 2023.The trend raised the prospect of sustained demand for base oils supplies from overseas markets and from the US especially..Brazil’s June lube demand rises