Latin America’s lube consumption is likely to fall in April after a seasonal pick-up in demand in March.Demand is then likely to hold steadier over the following months.Latin America's lube consumption typically rises in the month of March to the highest for the year.But the region’s lube consumption is likely to hold firmer in May and June than in the first two months of the year.The firmer consumption is likely to leave total demand in the second quarter of the year down only slightly from the first three months of the year.The steadier consumption would contrast with a steeper drop in second-quarter demand in other markets like Asia compared with the first three months of the year.The steadier consumption would facilitate plans to line up base oils supplies to meet those requirements.Latin America’s lube demand is likely to edge down to around 520,000t in the second quarter of the year, according to the Baseoilnews short-term outlook.The volume would be down from less than 525,000t in the first three months of the year but still well up from around 500,000t during the fourth quarter of last year.The region’s base oils requirements from overseas markets were higher than usual during the fourth quarter of last year.The trend reflected a drop in domestic output that outweighed the slowdown in lube consumption.The region's base oils requirements from overseas markets are likely to be lower over the coming months even with the firmer consumption compared with the fourth quarter of last year..Asia’s lube demand set to ease in Q2
Latin America’s lube consumption is likely to fall in April after a seasonal pick-up in demand in March.Demand is then likely to hold steadier over the following months.Latin America's lube consumption typically rises in the month of March to the highest for the year.But the region’s lube consumption is likely to hold firmer in May and June than in the first two months of the year.The firmer consumption is likely to leave total demand in the second quarter of the year down only slightly from the first three months of the year.The steadier consumption would contrast with a steeper drop in second-quarter demand in other markets like Asia compared with the first three months of the year.The steadier consumption would facilitate plans to line up base oils supplies to meet those requirements.Latin America’s lube demand is likely to edge down to around 520,000t in the second quarter of the year, according to the Baseoilnews short-term outlook.The volume would be down from less than 525,000t in the first three months of the year but still well up from around 500,000t during the fourth quarter of last year.The region’s base oils requirements from overseas markets were higher than usual during the fourth quarter of last year.The trend reflected a drop in domestic output that outweighed the slowdown in lube consumption.The region's base oils requirements from overseas markets are likely to be lower over the coming months even with the firmer consumption compared with the fourth quarter of last year..Asia’s lube demand set to ease in Q2
