Volume 10 Issue 26

Japan Lube Demand Rises, Production Falls

Consumption of finished lubricants in Japan rose 13%, while the country’s lubricants production declined 9%, and lubricant exports tumbled 20% in May, according to data released today by a government agency.

Resurgent Auto Lube Sales Boost Copton Profits

Chinese lubricants blender Qingdao Copton Tech Co. reported a 12% increase in first quarter net profit, compared to the same period of 2022, and a 68% jump in sales revenue as a strong increase in automotive lubricant sales more than offset a decline for industrial products.

China Gets Ahead of Wind, Solar Targets

Although China is on track to double its wind and solar capacity by 2025 – five years ahead of its government’s target year – the current pace and scale are not yet enough to ensure coal becomes more of a supporting power source in the country, a United States-based global energy monitoring organization said in a report released this month.

From Other Editions of Lube Report

Sales Jump at Oil Change Centers

Motul, Valvoline Top Poland Motor Oil Survey

VLS Gets Action on Non-compliant Gear Oils

Briefly Noted

In May, sales of new automobiles in Japan reached 326,730, a 25% jump from 261,433 in the same month last year, according to data released by the Japan Automobile Manufacturers Association.