Asia-Pacific base oils and lube demand held steady in February as strong demand in southeast Asia countered weaker consumption in northeast Asia and India.Total demand of more than 716,000t in February rose slightly from the previous month and from closer to 660,000t in December.The volume included demand in the largest markets in southeast and northeast Asia, excluding China.Demand in southeast Asia rose to a five-month high in February. The firm consumption outweighed a slowdown in demand in markets like Japan, where consumption fell to a thirteen-month low.Regional lube consumption typically extends its rise in the month of March..Asia’s February base oils exports rise.Base Oil News stories and analysis also available on ICIS platform
