Thailand’s lube demand fell in September for a second month from year-earlier levels, curbing the size of a seasonal pick-up in consumption during the final weeks of the third quarter.The country’s base oils exports also fell even as increasingly tight Group I base oils supply in Asia boosted demand for shipments from Thailand.Weaker domestic demand and lower exports contrasted with a rise in Thailand’s base oils supply, triggering an increase in surplus volumes.The country’s lube consumption of 36,400 kilolitres (32,200 tonnes) in September fell by 13% from year-earlier levels, government data showed.Demand still rose from 32,860 kilolitres in August. But the year-on-year contraction cut the size of the increase.Engine oil consumption fell by 15% in September from a year earlier, outpacing an 11% fall in consumption of other lubricants.The drop in lube consumption added to signs of slowing economic activity in the country.Thailand’s automobile sales fell for a sixteenth month in September to the lowest in more than four years.The country’s industrial production contracted in September at its fastest pace in six months.PTT Oil and Retail was Thailand’s largest lube supplier in September for a second month as it boosted its market share to a seven-month high. Shell Company of Thailand was the second largest lube supplier.Weaker lube demand put pressure on Thailand’s base oils sales, which fell in September from year-earlier levels for the first time in six months.Lower domestic base oils and lube consumption in turn freed up more supplies for export.But Thailand’s exports fell to a six-month low of close to 13,000 kilolitres in September, down from close to 25,000 kilolitres the previous month.Almost all the shipments moved to Singapore.Thailand’s total demand, or domestic consumption and exports combined, duly fell to a four-month low in September and lagged the country’s total supply for the second time in three months.The subsequent pick-up in surplus volumes could support a rise in exports in the fourth quarter of the year..Thailand’s Sept base oils output slips.Japan’s Sept base oils supply stays low
Thailand’s lube demand fell in September for a second month from year-earlier levels, curbing the size of a seasonal pick-up in consumption during the final weeks of the third quarter.The country’s base oils exports also fell even as increasingly tight Group I base oils supply in Asia boosted demand for shipments from Thailand.Weaker domestic demand and lower exports contrasted with a rise in Thailand’s base oils supply, triggering an increase in surplus volumes.The country’s lube consumption of 36,400 kilolitres (32,200 tonnes) in September fell by 13% from year-earlier levels, government data showed.Demand still rose from 32,860 kilolitres in August. But the year-on-year contraction cut the size of the increase.Engine oil consumption fell by 15% in September from a year earlier, outpacing an 11% fall in consumption of other lubricants.The drop in lube consumption added to signs of slowing economic activity in the country.Thailand’s automobile sales fell for a sixteenth month in September to the lowest in more than four years.The country’s industrial production contracted in September at its fastest pace in six months.PTT Oil and Retail was Thailand’s largest lube supplier in September for a second month as it boosted its market share to a seven-month high. Shell Company of Thailand was the second largest lube supplier.Weaker lube demand put pressure on Thailand’s base oils sales, which fell in September from year-earlier levels for the first time in six months.Lower domestic base oils and lube consumption in turn freed up more supplies for export.But Thailand’s exports fell to a six-month low of close to 13,000 kilolitres in September, down from close to 25,000 kilolitres the previous month.Almost all the shipments moved to Singapore.Thailand’s total demand, or domestic consumption and exports combined, duly fell to a four-month low in September and lagged the country’s total supply for the second time in three months.The subsequent pick-up in surplus volumes could support a rise in exports in the fourth quarter of the year..Thailand’s Sept base oils output slips.Japan’s Sept base oils supply stays low
