Lube demand in Latin America fell to an eight-month low in September amid sliding consumption in most major markets except Brazil.Lube consumption of less than 170,000t in September fell from more than 185,000t the previous month and by 2pc from year-earlier levels, government and industry data showed.The year-on-year contraction was the first in three months.Even with the slowdown, the region’s total lube consumption of 1.58mn t in the first nine months of the year held just above year-earlier levels of 1.55mn t.The rise in demand contrasted with a slump in the US’ base oils and lube consumption this year and lower consumption in Europe.The region’s lube demand fell in September amid a sustained dip in consumption in key markets like Mexico and Argentina.An ongoing rise in Brazil’s lube consumption cushioned the slowdown.The region’s lube demand typically faces a seasonal slowdown in the fourth quarter of the year..Brazil’s September lube demand rises.Mexico’s Sept lube demand falls.Argentina’s Sept lube demand falls
Lube demand in Latin America fell to an eight-month low in September amid sliding consumption in most major markets except Brazil.Lube consumption of less than 170,000t in September fell from more than 185,000t the previous month and by 2pc from year-earlier levels, government and industry data showed.The year-on-year contraction was the first in three months.Even with the slowdown, the region’s total lube consumption of 1.58mn t in the first nine months of the year held just above year-earlier levels of 1.55mn t.The rise in demand contrasted with a slump in the US’ base oils and lube consumption this year and lower consumption in Europe.The region’s lube demand fell in September amid a sustained dip in consumption in key markets like Mexico and Argentina.An ongoing rise in Brazil’s lube consumption cushioned the slowdown.The region’s lube demand typically faces a seasonal slowdown in the fourth quarter of the year..Brazil’s September lube demand rises.Mexico’s Sept lube demand falls.Argentina’s Sept lube demand falls
