Asia’s lube demand is set to revive from the end of the third quarter of the year following a lull in consumption over the coming weeks.The seasonal rise in lube demand would typically start to trigger a revival in buying interest for base oils supplies in the coming weeks for shipments that would then reach their destination in time for the pick-up in consumption.Lower crude oil prices in recent weeks and signs of healthy availability of supply could prompt buyers to delay those replenishment moves as they wait for an adjustment in base oils prices.Any such postponement would narrow the time-period to secure supplies in time to meet the seasonal rise in demand.It would also narrow the time-period before the start of scheduled plant maintenance work in northeast Asia at the end of the third quarter of the year.Such a scenario would squeeze demand into a narrower time-period that would magnify the impact of the pick-up in requirements, at the same time as upcoming plant maintenance trims availability of supply.Asia’s lube demand of more than 2.30 million tonnes in the third quarter of the year is likely to be similar to the previous three months, according to the Baseoilnews short-term outlook. The volume excludes China.Demand is likely to hold relatively steady as higher consumption in September balances out weaker demand in August.The seasonal pick-up in demand is then likely to extend into the start of the fourth quarter of the year, when lube consumption in India typically gets a seasonal boost..Asia’s May lube demand rises.India’s June lube demand rises
Asia’s lube demand is set to revive from the end of the third quarter of the year following a lull in consumption over the coming weeks.The seasonal rise in lube demand would typically start to trigger a revival in buying interest for base oils supplies in the coming weeks for shipments that would then reach their destination in time for the pick-up in consumption.Lower crude oil prices in recent weeks and signs of healthy availability of supply could prompt buyers to delay those replenishment moves as they wait for an adjustment in base oils prices.Any such postponement would narrow the time-period to secure supplies in time to meet the seasonal rise in demand.It would also narrow the time-period before the start of scheduled plant maintenance work in northeast Asia at the end of the third quarter of the year.Such a scenario would squeeze demand into a narrower time-period that would magnify the impact of the pick-up in requirements, at the same time as upcoming plant maintenance trims availability of supply.Asia’s lube demand of more than 2.30 million tonnes in the third quarter of the year is likely to be similar to the previous three months, according to the Baseoilnews short-term outlook. The volume excludes China.Demand is likely to hold relatively steady as higher consumption in September balances out weaker demand in August.The seasonal pick-up in demand is then likely to extend into the start of the fourth quarter of the year, when lube consumption in India typically gets a seasonal boost..Asia’s May lube demand rises.India’s June lube demand rises
