SINGAPORE (ICIS)--Asia’s base oils supply is expected to improve slightly in H2 2024, while overall demand will likely improve towards the later part of Q3 with the onset of the seasonal peak.
- Group I brightstock supply from southeast Asia and Group II supply from South Korea expected to gradually increase
- India demand to pick up in September after monsoon; China demand to remain stagnant amid economic woes
- Tight Group I base oils supply to remain offset by sluggish demand
In this podcast, editors Matthew Chong and Michelle Liew discuss trends in the Asian base oils market.
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