China’s base oils demand edged down in August to its lowest this year as a seasonal slowdown in consumption compounded weaker-than-expected end-user demand.Notional base oils demand, or domestic production plus net imports, fell to less than 435,000t in August, from less than 445,000t the previous month, government and industry data showed.Demand was the lowest since December but still rose for a fifth month from year-earlier levels.The recovery was weaker than expected, leaving total demand of 3.92mn t in the first eight months of the year lagging year-earlier levels of 4.21mn t.Lower consumption added to signs of China’s stuttering economic recovery following its removal of pandemic-related restrictions late last year and early this year..China’s August base oils imports fall
China’s base oils demand edged down in August to its lowest this year as a seasonal slowdown in consumption compounded weaker-than-expected end-user demand.Notional base oils demand, or domestic production plus net imports, fell to less than 435,000t in August, from less than 445,000t the previous month, government and industry data showed.Demand was the lowest since December but still rose for a fifth month from year-earlier levels.The recovery was weaker than expected, leaving total demand of 3.92mn t in the first eight months of the year lagging year-earlier levels of 4.21mn t.Lower consumption added to signs of China’s stuttering economic recovery following its removal of pandemic-related restrictions late last year and early this year..China’s August base oils imports fall
