Lube demand in Latin America is likely to fall in the third quarter of the year, curbing the region’s base oils requirements.Demand is likely to fall to less than 480,000t in the third quarter of the year, from more than 530,000t in the second quarter, according to the Baseoilnews.com short-term outlook.The volume is based on demand in six countries in Latin America, including its three largest markets.The slowdown is likely to gather pace from the start of the third quarter as more muted economic activity coincides with a seasonal slowdown in consumption.Lube demand in Latin America had held firmer for longer compared with other markets like Europe over the past year.A slowdown in the region’s lube consumption would coincide with a likely seasonal dip in demand in Europe and Asia over the coming months. .Asia’s Q3 lube demand likely to fall
Lube demand in Latin America is likely to fall in the third quarter of the year, curbing the region’s base oils requirements.Demand is likely to fall to less than 480,000t in the third quarter of the year, from more than 530,000t in the second quarter, according to the Baseoilnews.com short-term outlook.The volume is based on demand in six countries in Latin America, including its three largest markets.The slowdown is likely to gather pace from the start of the third quarter as more muted economic activity coincides with a seasonal slowdown in consumption.Lube demand in Latin America had held firmer for longer compared with other markets like Europe over the past year.A slowdown in the region’s lube consumption would coincide with a likely seasonal dip in demand in Europe and Asia over the coming months. .Asia’s Q3 lube demand likely to fall
