Brazil’s base oils supply exceeded demand in June by the largest amount in eight months amid a surge in imports of the lubricant feedstock.Total supply, or domestic output and imports combined, rose to more than 134,000mᶟ (119,000t) in June, up from close to 111,000mᶟ the previous month.Total demand, or domestic consumption and exports combined, came to 106,700mᶟ in June, down from around 108,400mᶟ in May.The surplus of supply over demand rose to 27,700mᶟ in response. The volume rose from a lower-than-usual 2,900mᶟ in May to the highest since last October.The higher volume lifted Brazil’s total surplus to close to 48,000mᶟ in the second quarter, up from 21,000mᶟ during the first three months of the year. The volume was still well down from typical levels of more than 76,000 mᶟ/qtr during the three years to end-2022..Brazil’s June lube demand rises
Brazil’s base oils supply exceeded demand in June by the largest amount in eight months amid a surge in imports of the lubricant feedstock.Total supply, or domestic output and imports combined, rose to more than 134,000mᶟ (119,000t) in June, up from close to 111,000mᶟ the previous month.Total demand, or domestic consumption and exports combined, came to 106,700mᶟ in June, down from around 108,400mᶟ in May.The surplus of supply over demand rose to 27,700mᶟ in response. The volume rose from a lower-than-usual 2,900mᶟ in May to the highest since last October.The higher volume lifted Brazil’s total surplus to close to 48,000mᶟ in the second quarter, up from 21,000mᶟ during the first three months of the year. The volume was still well down from typical levels of more than 76,000 mᶟ/qtr during the three years to end-2022..Brazil’s June lube demand rises
