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According to data released by the National Bureau of Statistics, from January to November 2015, the cumulative production of domestic lubricants was 5.
328 million tons, down 3.
2%
from the same period of the previous year.
Xu Jian, marketing director of Sinopec Great Wall Lubricants, an expert in the lubricant market, believes that in 2015, the demand for lubricants in China's lubricant market fell more than the production volume, with the annual demand of about 5.
1 million tons (excluding white oil and rubber filling oil), a decrease of more than 10 percentage points
compared with 2014.
At the same time, the author has also confirmed from several international brand lubricant manufacturers that almost all well-known brands in the market showed a decline in sales in 2015
.
Recently, the latest research report of Sinopec Economic and Technological Research Institute on China's lubricant market pointed out that due to the adjustment and upgrading of China's economic structure, the demand for China's lubricant market in the next five years will enter a downward range after more than 10 years of steady growth
.
This information shows that China's lubricant market has entered an era
of negative growth.
According to data released by the National Bureau of Statistics, from January to November 2015, the cumulative production of domestic lubricants was 5.
328 million tons, down 3.
2%
from the same period of the previous year.
Xu Jian, marketing director of Sinopec Great Wall Lubricants, an expert in the lubricant market, believes that in 2015, the demand for lubricants in China's lubricant market fell more than the production volume, with the annual demand of about 5.
1 million tons (excluding white oil and rubber filling oil), a decrease of more than 10 percentage points
compared with 2014.
At the same time, the author has also confirmed from several international brand lubricant manufacturers that almost all well-known brands in the market showed a decline in sales in 2015
.
Recently, the latest research report of Sinopec Economic and Technological Research Institute on China's lubricant market pointed out that due to the adjustment and upgrading of China's economic structure, the demand for China's lubricant market in the next five years will enter a downward range after more than 10 years of steady growth
.
This information shows that China's lubricant market has entered an era
of negative growth.