Japan’s base oils and lube demand held firm in July as rising consumption of passenger-car motor oils (PCMO) countered shrinking demand for industrial oils.Total base oils and lube consumption of 147,990 kilolitres (131,000t) in July rose by 8pc from year-earlier levels, government data showed.The rise in demand followed a pattern of rising then falling consumption every month since January.The mixed consumption mirrored Japan’s economy, with strong retail sales contrasting with weaker industrial production.Japan’s engine oils and industrial lubricants demand followed the same trend.The country’s PCMO consumption rose by 3pc in June and for a fourth month from year-earlier levels.Consumption of heavy-duty engine oils (HDEO) by contrast fell by 13pc in June and for a fifteenth month. HDEO is more reflective of the state of industrial activity. .Japan’s July base oils supply falls
Japan’s base oils and lube demand held firm in July as rising consumption of passenger-car motor oils (PCMO) countered shrinking demand for industrial oils.Total base oils and lube consumption of 147,990 kilolitres (131,000t) in July rose by 8pc from year-earlier levels, government data showed.The rise in demand followed a pattern of rising then falling consumption every month since January.The mixed consumption mirrored Japan’s economy, with strong retail sales contrasting with weaker industrial production.Japan’s engine oils and industrial lubricants demand followed the same trend.The country’s PCMO consumption rose by 3pc in June and for a fourth month from year-earlier levels.Consumption of heavy-duty engine oils (HDEO) by contrast fell by 13pc in June and for a fifteenth month. HDEO is more reflective of the state of industrial activity. .Japan’s July base oils supply falls