Italy’s base oils supply rose in July while demand edged lower, leaving stocks steadier even if still lower than usual.Base oils supply, or output and imports combined, rose to 84,600t in July, up from less than 63,000t the previous month, government data showed.The June volume was the lowest in more than eight years. The July volume was the second-lowest in seven months.Demand, or lube consumption and base oils imports combined, came to 71,100t in July, down from more than 73,500t the previous month.The July volume was the lowest in seven months as a seasonal dip in domestic lube demand countered higher base oils imports.Supply exceeded demand in response although the surplus stayed lower than usual.Italy’s base oils stocks steadied in July at their lowest in eleven months after falling every month since April..Italy’s July base oils output stays low
Italy’s base oils supply rose in July while demand edged lower, leaving stocks steadier even if still lower than usual.Base oils supply, or output and imports combined, rose to 84,600t in July, up from less than 63,000t the previous month, government data showed.The June volume was the lowest in more than eight years. The July volume was the second-lowest in seven months.Demand, or lube consumption and base oils imports combined, came to 71,100t in July, down from more than 73,500t the previous month.The July volume was the lowest in seven months as a seasonal dip in domestic lube demand countered higher base oils imports.Supply exceeded demand in response although the surplus stayed lower than usual.Italy’s base oils stocks steadied in July at their lowest in eleven months after falling every month since April..Italy’s July base oils output stays low
