Brazil’s lubricating oil demand rose in July for a fourth month amid a sustained rise in consumption of passenger-car motor oils (PCMO) and transformer oils.Total lube consumption of 95,710mᶟ (84,780t) in July rose by 4pc and for a third month from year-earlier levels, according to IBP.The rise in demand lifted total consumption to 664,720mᶟ in the first seven months of the year. The volume was up 7pc from 623,105mᶟ during the same period last year.The firmer demand coincided with a rise in Brazil’s economic activity in two of the three months to end-June. The country’s automobile sales gathered pace in July.PCMO consumption rose by 12pc in July and transformer oils consumption by 54pc.The stronger demand countered a 4pc dip in consumption of heavy-duty engine oils and a 2pc fall in demand for industrial oils..Latam lube demand set to ease
Brazil’s lubricating oil demand rose in July for a fourth month amid a sustained rise in consumption of passenger-car motor oils (PCMO) and transformer oils.Total lube consumption of 95,710mᶟ (84,780t) in July rose by 4pc and for a third month from year-earlier levels, according to IBP.The rise in demand lifted total consumption to 664,720mᶟ in the first seven months of the year. The volume was up 7pc from 623,105mᶟ during the same period last year.The firmer demand coincided with a rise in Brazil’s economic activity in two of the three months to end-June. The country’s automobile sales gathered pace in July.PCMO consumption rose by 12pc in July and transformer oils consumption by 54pc.The stronger demand countered a 4pc dip in consumption of heavy-duty engine oils and a 2pc fall in demand for industrial oils..Latam lube demand set to ease
