Brazil’s base oils imports fell to a three-month low in May, contrasting with an unexpected rise in the country’s domestic lube demand.Base oils imports of 57,460mᶟ (50,900t) in May fell from close to 63,500mᶟ the previous month, government data showed.The volume was the lowest since February and the second lowest in thirteen months.Brazil’s base oils imports slowed in recent months despite the lack of any large supply-surplus during the first few months of this year.The country’s base oils output also remained relatively low so far this year, while domestic lube demand held firm.Other Latin American markets like Argentina have also faced a slowdown in base oils imports amid a pause in arbitrage flows from Asia and Mideast Gulf..Brazil’s May lube demand rises.Contact us for more information about the data for these stories
Brazil’s base oils imports fell to a three-month low in May, contrasting with an unexpected rise in the country’s domestic lube demand.Base oils imports of 57,460mᶟ (50,900t) in May fell from close to 63,500mᶟ the previous month, government data showed.The volume was the lowest since February and the second lowest in thirteen months.Brazil’s base oils imports slowed in recent months despite the lack of any large supply-surplus during the first few months of this year.The country’s base oils output also remained relatively low so far this year, while domestic lube demand held firm.Other Latin American markets like Argentina have also faced a slowdown in base oils imports amid a pause in arbitrage flows from Asia and Mideast Gulf..Brazil’s May lube demand rises.Contact us for more information about the data for these stories