Asia’s lubricating oil demand is likely to fall in the third quarter of the year from the second quarter as slower economic growth compounds a seasonal slowdown in consumption.The slowdown would follow a drop in lube demand in the second quarter of the year compared with the first three months of the year, according to the Baseoilnews.com short-term outlook.Demand is forecast to improve in June and July before a seasonal slump in consumption in August.Lube demand is likely to fall below 1.95mn t in the third quarter, from well over 2.0mn t during the second quarter of the year and close to 2.50mn t during the first quarter.The volume includes demand in the largest markets in southeast and northeast Asia, excluding China.Lower demand in the third quarter would follow the completion of a round of plant maintenance work in Asia during the second quarter of the year..Asia’s April lube demand falls.Contact us for more information about the data for these stories
