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

ICIS - chemical podcasts

English - June 26, 2024 00:00 - 4 minutes - 2.71 MB
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Previous Episode: Episode 1201: China MMA supported by tight supply, demand recovery in H1 2024

Next Episode: Episode 1205: China's oxo-alcohols to face supply-demand pressure, new capacity to be a focus

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.