The surplus of Asia-Pacific base oils supply over demand rose in March to its widest in seven months and contrasted with a shortfall the same time a year earlier.The surplus of supply over demand rose to more than 250,000t in March, from less than 100,000t the previous month.The surplus widened even as Asia-Pacific lube demand rose in March to a one-year high.Supply rose even more sharply.The rise in regional supply also outpaced firm base oils exports in March.The trend pointed to plentiful availability at a time when rising base oils margins incentivized refiners to increase base oils production.Margins extended their rise in April and May..Asia’s March base oils supply rises.Contact us for more information about the data for these stories
The surplus of Asia-Pacific base oils supply over demand rose in March to its widest in seven months and contrasted with a shortfall the same time a year earlier.The surplus of supply over demand rose to more than 250,000t in March, from less than 100,000t the previous month.The surplus widened even as Asia-Pacific lube demand rose in March to a one-year high.Supply rose even more sharply.The rise in regional supply also outpaced firm base oils exports in March.The trend pointed to plentiful availability at a time when rising base oils margins incentivized refiners to increase base oils production.Margins extended their rise in April and May..Asia’s March base oils supply rises.Contact us for more information about the data for these stories
