Volume 7 Issue 45
Japan Market Shows Recovery Signs
November 6, 2020Japan consumed 109,012 kiloliters of finished lubricants in September, according to data released Oct. 30 by the country’s Ministry of Economy, Trade and Industry. That volume is down from the same month in 2019 but represents an increase from August.
Base Oil Availability Tightens in Asia
November 6, 2020Asia’s base oil supply transitioned from long to short in recent months because pandemic-related lockdowns slashed demand for other refinery products, hindering refiners’ flexibility to increase base oil production, an industry insider said during an online panel discussion.
Apar Profits Up, Lanka IOC’s Slump
November 6, 2020For the quarter ending Sept. 30, India’s Apar Industries posted higher net profit and Sri Lanka’s Lanka IOC reported a huge decline in profit, compared to results a year earlier.
From Other Editions of Lube Report
November 6, 2020Base Oil Output Fell Back in August
Briefly Noted
November 6, 2020According to the China Association of Automobile Manufacturers, 4.9 million Chinese brand passenger vehicles were sold in the country from January to September, a year-on-year decrease of 17.7%. The 4.9 million vehicle sales accounted for 36.4% of total passenger vehicle sales in China during that period.