Finished lubes consumption in Japan fell 7%, while production edged up 3% in July, and lubricant imports fell more than 50%, compared to the same month last year, according to data released Wednesday by the Japan Ministry of Economy, Trade and Industry.
The country consumed 137,667 kiloliters (124,000 metric tons) in July, compared with 147,253 kL in the same month last year. Sequentially, the July volume was down 23% from June’s 179,668 kL. The highest monthly demand this year was 193,528 kL in April.
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