Mexico’s lube demand fell for a fifth month in September mostly because of sliding consumption of automobile lubricants.The country’s lube consumption of 52,340 kilolitres (46,400t) in September fell from 54,000kl in August and by 3pc from year-earlier levels, government data showed.The pace of the contraction was the smallest since April.The slowdown cut total lube consumption to 505,600kl in the first nine months of the year.The volume remained just above levels of 503,700kl during the same period last year.Lube demand slowed in recent months mostly because of a sharp fall in consumption of automobile lubricants.Auto lube consumption fell by 15pc in September and in the five months to September.Industrial lube consumption rose by 2pc in September and fell by 1pc in the five months to September.Mexico’s industrial production extended its rise in September, even if at the slowest pace since April..US’ Sept exports to Mexico stay high
Mexico’s lube demand fell for a fifth month in September mostly because of sliding consumption of automobile lubricants.The country’s lube consumption of 52,340 kilolitres (46,400t) in September fell from 54,000kl in August and by 3pc from year-earlier levels, government data showed.The pace of the contraction was the smallest since April.The slowdown cut total lube consumption to 505,600kl in the first nine months of the year.The volume remained just above levels of 503,700kl during the same period last year.Lube demand slowed in recent months mostly because of a sharp fall in consumption of automobile lubricants.Auto lube consumption fell by 15pc in September and in the five months to September.Industrial lube consumption rose by 2pc in September and fell by 1pc in the five months to September.Mexico’s industrial production extended its rise in September, even if at the slowest pace since April..US’ Sept exports to Mexico stay high
