Thailand’s lube demand rose for a third month in October amid rebounding consumption of industry-related lubricants.Total lube consumption of 39,300 kilolitres (34,800t) in October rose by 22pc from year-earlier levels of less than 32,500kl, government data showed.Demand had previously fallen for eleven straight months to July.Total lube consumption of 378,000kl in the first ten months of the year was still down 5pc from year-earlier levels. The slowdown narrowed from a 13pc contraction in first-half 2023.Firmer lube demand coincided with signs of easing pressure on economic growth and an ongoing recovery in tourist arrivals.Thailand’s auto sales fell in October at their slowest pace in four months. Industrial production shrank at its slowest pace in five months.Consumption of heavy-duty-engine oils (HDEO) rose by 24pc and for a third straight month in October. HDEO is seen as a bellwether for the state of industrial activity.Passenger car motor oils consumption rose by 3pc, with growth lagging HDEO sales for a third month..Thailand Oct base oil output stays lower
Thailand’s lube demand rose for a third month in October amid rebounding consumption of industry-related lubricants.Total lube consumption of 39,300 kilolitres (34,800t) in October rose by 22pc from year-earlier levels of less than 32,500kl, government data showed.Demand had previously fallen for eleven straight months to July.Total lube consumption of 378,000kl in the first ten months of the year was still down 5pc from year-earlier levels. The slowdown narrowed from a 13pc contraction in first-half 2023.Firmer lube demand coincided with signs of easing pressure on economic growth and an ongoing recovery in tourist arrivals.Thailand’s auto sales fell in October at their slowest pace in four months. Industrial production shrank at its slowest pace in five months.Consumption of heavy-duty-engine oils (HDEO) rose by 24pc and for a third straight month in October. HDEO is seen as a bellwether for the state of industrial activity.Passenger car motor oils consumption rose by 3pc, with growth lagging HDEO sales for a third month..Thailand Oct base oil output stays lower
