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
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
