Thailand’s lube demand rose in September for a second month on the back of a simultaneous rebound in consumption of engine oils and industrial oils.Total lube demand of 41,740 kilolitres (36,970t) in September rose from 37,900kl in August and by 24pc from year-earlier levels, government data showed.The pace of the increase was the fastest in more than two years.Thailand’s lube demand fell in ten of the last eleven months to July before edging higher in August.Lube demand fell amid lower-than-expected economic growth in the country this year.Lube demand rebounded in September even with ongoing signs of slower economic activity, including a sustained slide in automobile sales.Demand rose on the back of an 11pc rise in consumption of passenger-car motor oils (PCMO) and a 17pc rise in demand for heavy-duty engine oils (HDEO).The last time PCMO and HDEO consumption rose simultaneously was in February..Thailand’s Sept base oils output falls.Thailand’s Sept base oils exports rise
Thailand’s lube demand rose in September for a second month on the back of a simultaneous rebound in consumption of engine oils and industrial oils.Total lube demand of 41,740 kilolitres (36,970t) in September rose from 37,900kl in August and by 24pc from year-earlier levels, government data showed.The pace of the increase was the fastest in more than two years.Thailand’s lube demand fell in ten of the last eleven months to July before edging higher in August.Lube demand fell amid lower-than-expected economic growth in the country this year.Lube demand rebounded in September even with ongoing signs of slower economic activity, including a sustained slide in automobile sales.Demand rose on the back of an 11pc rise in consumption of passenger-car motor oils (PCMO) and a 17pc rise in demand for heavy-duty engine oils (HDEO).The last time PCMO and HDEO consumption rose simultaneously was in February..Thailand’s Sept base oils output falls.Thailand’s Sept base oils exports rise
