China’s base oils demand rose to a three-month high in September as distributors and blenders replenished stocks ahead of a typical seasonal rise in lube demand.Notional base oils demand, or domestic production and net imports combined, rose to more than 535,000t in September, government and industry data showed.Demand rose from around 433,000t in August and by more than 25pc from year-earlier levels.Base oils demand of more than 1.40mn t in the third quarter rose from from 1.26mn t during the same period last year. It remained down 23pc from 1.84mn t during the same period in 2021.Demand rose by more than 100,000t in September from the previous month.Demand rose even amid widespread concern that a seasonal rise in lube demand from the end of the third quarter would be more muted than usual..China’s Sept base oils imports rise
China’s base oils demand rose to a three-month high in September as distributors and blenders replenished stocks ahead of a typical seasonal rise in lube demand.Notional base oils demand, or domestic production and net imports combined, rose to more than 535,000t in September, government and industry data showed.Demand rose from around 433,000t in August and by more than 25pc from year-earlier levels.Base oils demand of more than 1.40mn t in the third quarter rose from from 1.26mn t during the same period last year. It remained down 23pc from 1.84mn t during the same period in 2021.Demand rose by more than 100,000t in September from the previous month.Demand rose even amid widespread concern that a seasonal rise in lube demand from the end of the third quarter would be more muted than usual..China’s Sept base oils imports rise