Lube consumption in Latin America rose in October for the third time in four months amid strong demand in Brazil and steadier consumption in Mexico.Total lube consumption of around 176,000t in October rose from less than 167,000t the previous month and by 13pc from year-earlier levels, government data showed.The strong demand lifted total consumption to 1.76mn t in the first ten months of the year, up 3pc from year-earlier levels.The rising demand contrasted with a slump in lube consumption in the US this year, as well as an ongoing fall in lube demand in Europe.The firm consumption boosted the region’s importance as a key outlet for base oils supplies from the US especially.The region’s demand rose in October mostly because of a sustained pick-up in consumption in Brazil.Stronger lube consumption in Argentina and a slowdown in the drop in Mexico’s consumption provided further support.The region’s firm lube consumption coincided with a rise in Latin America’s automobile sales for a sixth month in November..Brazil's Oct base oils supply exceeds demand .Argentina’s Oct lube demand rises
Lube consumption in Latin America rose in October for the third time in four months amid strong demand in Brazil and steadier consumption in Mexico.Total lube consumption of around 176,000t in October rose from less than 167,000t the previous month and by 13pc from year-earlier levels, government data showed.The strong demand lifted total consumption to 1.76mn t in the first ten months of the year, up 3pc from year-earlier levels.The rising demand contrasted with a slump in lube consumption in the US this year, as well as an ongoing fall in lube demand in Europe.The firm consumption boosted the region’s importance as a key outlet for base oils supplies from the US especially.The region’s demand rose in October mostly because of a sustained pick-up in consumption in Brazil.Stronger lube consumption in Argentina and a slowdown in the drop in Mexico’s consumption provided further support.The region’s firm lube consumption coincided with a rise in Latin America’s automobile sales for a sixth month in November..Brazil's Oct base oils supply exceeds demand .Argentina’s Oct lube demand rises
