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Japan's lubricating oil demand rises again

 Last Update: 2021-06-16
 Source: Internet
 Author: User

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According to the news from "Asia Lubricant Weekly" on June 4, Sinochem News, in April this year, the consumption of finished lubricants in Japan increased by 22% year-on-year
.
This is the third consecutive month that Japan's lubricant consumption has been higher than the same period in 2020 this year

According to data released by the Ministry of Economy, Trade and Industry last week, Japan, one of the world's six largest lubricant markets, consumed 129,563 kiloliters (117,000 tons) of lubricants in April, while consumption in the same month of 2020 was 106,414.
Thousand liters
.
According to the Ministry of Economy, Trade and Industry of Japan, lubricant consumption in March and February this year increased by 15% and 7% year-on-year, respectively

Japan’s Ministry of Economy, Trade and Industry reported that, including exports, Japan’s lubricating oil production in April increased by 1% year-on-year to 169,552 kiloliters
.
However, compared with 202,110 kiloliters in March, it was a drop of 16%

Japan’s lubricant exports fell 2% to 65,535 kiloliters in April, down from 66,594 kiloliters in the same month of 2020, while lubricant imports increased to 20,941 kiloliters, an increase of 21% from 17,303 kiloliters in the same month of 2020

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