Base oils supply in the Asia-Pacific region fell in April, curbing the impact of a slowdown in demand.Supply of around 920,000t in April fell from more than 1.10mn t the previous month, government data showed.The March volume was the highest in more than six years. The April volume was also down from typical levels of around 950,000 t/month over the past year.Including China, supply of close to 1.30mn t in April fell from more than 1.50mn t the previous month.The volume remained below typical levels of more than 1.40mn t/month in the year to April 2022, before widespread lockdowns in China slashed domestic lube demand and base oils production.Supply in the Asia-Pacific market typically rises early in the year to meet a seasonal rise in demand that peaks in the month of March.Supply then usually falls in the month of April as demand slows and factors like plant maintenance work cut output. .Asia’s April base oils exports fall.Contact us for more information about the data for these stories
Base oils supply in the Asia-Pacific region fell in April, curbing the impact of a slowdown in demand.Supply of around 920,000t in April fell from more than 1.10mn t the previous month, government data showed.The March volume was the highest in more than six years. The April volume was also down from typical levels of around 950,000 t/month over the past year.Including China, supply of close to 1.30mn t in April fell from more than 1.50mn t the previous month.The volume remained below typical levels of more than 1.40mn t/month in the year to April 2022, before widespread lockdowns in China slashed domestic lube demand and base oils production.Supply in the Asia-Pacific market typically rises early in the year to meet a seasonal rise in demand that peaks in the month of March.Supply then usually falls in the month of April as demand slows and factors like plant maintenance work cut output. .Asia’s April base oils exports fall.Contact us for more information about the data for these stories
