Pakistan’s base oils supply rose in July for the second time in three months, adding to signs that the country’s demand has bottomed out.Base oils supply, or production and imports combined, rose to 29,100t in July, government and customs data showed.The volume rose from 25,000t the previous month and by 51pc from year-earlier levels.Total supply of 205,410t in the first seven months of the year was still down 23pc from almost 267,000t during the same period last year.The contraction slowed from a 34pc drop in the first four months of the year as supply steadied from the middle of the second quarter.Domestic production accounted for around 37pc of the country’s base oils supply in the first seven months of the year.The share was up from 35pc during the same period last year as the 18pc fall in domestic output lagged the 26pc drop in base oils imports..Pakistan’s July base oils imports rise .Pakistan’s July lube demand mixed
Pakistan’s base oils supply rose in July for the second time in three months, adding to signs that the country’s demand has bottomed out.Base oils supply, or production and imports combined, rose to 29,100t in July, government and customs data showed.The volume rose from 25,000t the previous month and by 51pc from year-earlier levels.Total supply of 205,410t in the first seven months of the year was still down 23pc from almost 267,000t during the same period last year.The contraction slowed from a 34pc drop in the first four months of the year as supply steadied from the middle of the second quarter.Domestic production accounted for around 37pc of the country’s base oils supply in the first seven months of the year.The share was up from 35pc during the same period last year as the 18pc fall in domestic output lagged the 26pc drop in base oils imports..Pakistan’s July base oils imports rise .Pakistan’s July lube demand mixed