Asia’s lube demand is likely to rise strongly over the coming two months amid a seasonal pick-up in activity after a lull during the summer.Lube demand is forecast to recover to around 720,000t in September and to more than 760,000t in October, according to the Baseoilnews.com short-term outlook.The rise in demand would follow a fall in consumption in August to less than 660,000t.The volume includes demand in the largest markets in northeast and southeast Asia, excluding China.Demand is set to rise as a seasonal pick-up in activity outweighs the prospect of slowing economic growth in the region over the coming months.The firmer demand is likely to lift lube consumption in the fourth quarter to the highest since the first three months of this year. .Asia’s June lube demand rises
Asia’s lube demand is likely to rise strongly over the coming two months amid a seasonal pick-up in activity after a lull during the summer.Lube demand is forecast to recover to around 720,000t in September and to more than 760,000t in October, according to the Baseoilnews.com short-term outlook.The rise in demand would follow a fall in consumption in August to less than 660,000t.The volume includes demand in the largest markets in northeast and southeast Asia, excluding China.Demand is set to rise as a seasonal pick-up in activity outweighs the prospect of slowing economic growth in the region over the coming months.The firmer demand is likely to lift lube consumption in the fourth quarter to the highest since the first three months of this year. .Asia’s June lube demand rises
