Japan’s base oils and lube demand stayed relatively firm in June amid signs that a recovery in lube consumption was starting to extend to industrial oils.Base oils consumption of 153,800 kilolitres (136,240t) in June fell by 14pc from year-earlier levels, when demand was much higher than usual for the month of June.Consumption still rose by 6pc from the previous month to the second-highest level for the month of June in more than a decade, government data showed.Consumption of 856,570kl in the first half of the year was down just 0.6pc from 861,320kl during the same period last year.Demand got a boost in first-half 2022 from the gradual removal of pandemic-related restrictions.Japan's lubricants demand of 161,270kl in May rose by 2pc from a year earlier and for the first time in eight months.The 10pc rise in consumption of passenger-car engine oils was the fastest growth rate in two years.The 1pc fall in demand for heavy-duty engine oils was the smallest contraction in fourteen months.Industrial oils consumption extended its fall, but at the slowest pace in nine months..Japan’s June base oils output stays lower
Japan’s base oils and lube demand stayed relatively firm in June amid signs that a recovery in lube consumption was starting to extend to industrial oils.Base oils consumption of 153,800 kilolitres (136,240t) in June fell by 14pc from year-earlier levels, when demand was much higher than usual for the month of June.Consumption still rose by 6pc from the previous month to the second-highest level for the month of June in more than a decade, government data showed.Consumption of 856,570kl in the first half of the year was down just 0.6pc from 861,320kl during the same period last year.Demand got a boost in first-half 2022 from the gradual removal of pandemic-related restrictions.Japan's lubricants demand of 161,270kl in May rose by 2pc from a year earlier and for the first time in eight months.The 10pc rise in consumption of passenger-car engine oils was the fastest growth rate in two years.The 1pc fall in demand for heavy-duty engine oils was the smallest contraction in fourteen months.Industrial oils consumption extended its fall, but at the slowest pace in nine months..Japan’s June base oils output stays lower
