Asia’s lube demand edged lower in October for the first time in six months as a slowdown in consumption in India countered steadier demand in the rest of the region.Lube demand of around 760,000t in October fell from close to 790,000t the previous month and by 2pc from year-earlier levels, government and industry data showed.Even with the slowdown, total consumption of around 7.80mn t in the first ten months of the year was up 2pc from around 7.64mn t during the same period last year.The volumes exclude China.The rise in the region’s consumption this year contrasted with weaker demand in other key markets like Europe and the US.Asia’s lube consumption slipped in October as demand-growth in India paused following a five-month surge.Demand in other regions held firm, especially in southeast Asia.Consumption in that market rose by more than 18pc in October to a nineteen-month high.Demand in northeast Asia rose for an eighth straight month in October, even if at a slower pace than in southeast Asia..India’s Oct lube demand falls.Thailand’s October lube demand rises
Asia’s lube demand edged lower in October for the first time in six months as a slowdown in consumption in India countered steadier demand in the rest of the region.Lube demand of around 760,000t in October fell from close to 790,000t the previous month and by 2pc from year-earlier levels, government and industry data showed.Even with the slowdown, total consumption of around 7.80mn t in the first ten months of the year was up 2pc from around 7.64mn t during the same period last year.The volumes exclude China.The rise in the region’s consumption this year contrasted with weaker demand in other key markets like Europe and the US.Asia’s lube consumption slipped in October as demand-growth in India paused following a five-month surge.Demand in other regions held firm, especially in southeast Asia.Consumption in that market rose by more than 18pc in October to a nineteen-month high.Demand in northeast Asia rose for an eighth straight month in October, even if at a slower pace than in southeast Asia..India’s Oct lube demand falls.Thailand’s October lube demand rises
