Brazil’s lube consumption rose in January for the eighth time in nine months, sustaining firm demand for base oils supplies.The country’s lube consumption fell in December at the same time as domestic base oils output rose.US base oils exports to Brazil also surged in December, raising the prospect of adding to the Latin American country’s supplies in January.The diverging supply-demand dynamics compounded Brazil’s rising base oils supply surplus at the end of last year.Firmer lube demand in January by contrast raised the prospect of slowing the pace of a further rise in the country’s surplus supplies.Lube consumption of more than 89,000mᶟ (79,000t) in January rose from close to 84,000mᶟ the previous month and by 3pc from year-earlier levels, according to IBP.The rise in consumption mirrored strong economic activity and industrial production at the end of last year.Brazil’s automobile production fell in January for a fourth month. But the 0.1pc contraction slowed from a more-than 10pc slowdown in December.The country’s passenger-car motor oil consumption rose by 16pc in January and for a ninth month from year-earlier levels.Industrial oils consumption fell by 3pc and heavy-duty engine oils demand by 1pc.Lubricants producer and distributor MOOVE was Brazil’s largest lube supplier in January for the first time in eleven months. ICONIC Lubricants was the second-largest and Vibra Energia the third largest..Latin America’s Dec lube demand falls
Brazil’s lube consumption rose in January for the eighth time in nine months, sustaining firm demand for base oils supplies.The country’s lube consumption fell in December at the same time as domestic base oils output rose.US base oils exports to Brazil also surged in December, raising the prospect of adding to the Latin American country’s supplies in January.The diverging supply-demand dynamics compounded Brazil’s rising base oils supply surplus at the end of last year.Firmer lube demand in January by contrast raised the prospect of slowing the pace of a further rise in the country’s surplus supplies.Lube consumption of more than 89,000mᶟ (79,000t) in January rose from close to 84,000mᶟ the previous month and by 3pc from year-earlier levels, according to IBP.The rise in consumption mirrored strong economic activity and industrial production at the end of last year.Brazil’s automobile production fell in January for a fourth month. But the 0.1pc contraction slowed from a more-than 10pc slowdown in December.The country’s passenger-car motor oil consumption rose by 16pc in January and for a ninth month from year-earlier levels.Industrial oils consumption fell by 3pc and heavy-duty engine oils demand by 1pc.Lubricants producer and distributor MOOVE was Brazil’s largest lube supplier in January for the first time in eleven months. ICONIC Lubricants was the second-largest and Vibra Energia the third largest..Latin America’s Dec lube demand falls