Volume 9 Issue 52
China Base Oil Output Tanked in 2022December 30, 2022
China will produce a quarter less base oil this year than it did in 2021, according to estimates by Longzhong Information Group. Output dropped particularly low during the second half of the year when drastic COVID-19 lockdowns caused the country’s economy to contract.
Japan Lube Demand, Production RisesDecember 30, 2022
Finished lubricants consumption in Japan rose by 40%, and lubricants production jumped 49%, while lube imports fell 80% in November, according to data released Wednesday by the Japan Ministry of Economy, Trade and Industry.
Copton Reports Lower ProfitsDecember 30, 2022
Chinese lubricants blender Qingdao Copton Tech reported a drop of more than 40% in net profit and a slight increase in operating income for the third quarter, compared to results in the same period last year. Its third-quarter sales of automotive lubricants rose 5%, but industrial lubricant sales fell 32%.
From Other Editions of Lube ReportDecember 30, 2022
Petrobras Group II Plant Plans Progress
Russian Base Oil Exports Said to Be Down
Briefly NotedDecember 30, 2022
Liqui Moly Australia Pty Ltd named Vincent Prinzing managing director, succeeding Mark Johnson. Prinzing has been with Germany-based motor oil manufacturer and automotive chemicals specialist Liqui Moly for 10 years and was most recently responsible for business in Australia, New Zealand and many Asian countries.