Base oils supply in the Asia-Pacific region rose in March to the highest in more than six years, helping to cover a seasonal rise in demand.Base oils supply of more than 1.10mn t in March rose from close to 852,000t the previous month, government and industry data showed.The volume was up from typical levels of around 930,000 t/month over the past year and from just over 1.00mn t in March 2022.Higher base oils supply in the month of March this year more than covered a seasonal rise in demand in Asia-Pacific.Plant maintenance work often takes place around the same time, limiting a rise in supply to cover the pick-up in demand.A heavy round of plant maintenance in Asia is set to take place this year, but mostly during the second quarter of the year..Asia’s February base oils supply falls
Base oils supply in the Asia-Pacific region rose in March to the highest in more than six years, helping to cover a seasonal rise in demand.Base oils supply of more than 1.10mn t in March rose from close to 852,000t the previous month, government and industry data showed.The volume was up from typical levels of around 930,000 t/month over the past year and from just over 1.00mn t in March 2022.Higher base oils supply in the month of March this year more than covered a seasonal rise in demand in Asia-Pacific.Plant maintenance work often takes place around the same time, limiting a rise in supply to cover the pick-up in demand.A heavy round of plant maintenance in Asia is set to take place this year, but mostly during the second quarter of the year..Asia’s February base oils supply falls
