Chinese lubricant marketer Lopal Tech Co. reported that increases in the average selling prices by its lubricants segment allowed the unit to overcome a slight decline in sales volumes through the first three quarters of this year.
Lopal’s lubricant sales revenue reached ¥516.6 million (U.S. $72.3 million) during the January-September period, compared to ¥495.5 million for the same period of 2023, the company said in its main operating data report filed with the Shanghai Stock Exchange.
The company noted increases in average sales price of its lubricants by 5% for the period, compared to the same January-September period last year. Lopal said that the average price it paid for base oil during the nine-month period increased by ¥114.2 per metric ton, for an increase of 1.3%.
Lubricant products output rose 7% to 32,124 tons for the period, compared to 29,954 tons.
Lopal said its sales volume for lubricants decreased 1% to 29,090 tons for the first three quarters of the year.
The company markets engine oils and gear oils under its Lopal brand and car care products, including coolants, under the 3ECARE brand.