• Episode 1204: PODCAST: Asia's base oils supply, demand to gradually rise in H2 2024

  • Jun 26 2024
  • Length: 5 mins
  • Podcast

Episode 1204: PODCAST: Asia's base oils supply, demand to gradually rise in H2 2024 cover art

Episode 1204: PODCAST: Asia's base oils supply, demand to gradually rise in H2 2024

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  • Summary

  • 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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