In Asia-Pacific (APAC) Poly Alpha Olefin (PAO) market maintained relative price stability in the second week of April xxxx underpinned by balanced supply-demand dynamics and consistent performance across important downstream sectors like construction, lubricants, and automobiles.
In the APAC area, the automotive sector, a major user of synthetic lubricants based on PAO, appeared to be rebounding. A consistent demand for high-performance lubricants resulted from this revival, which was demonstrated by an increase in vehicle production and sales, especially in nations like China and India. The market remained stable during this time due in part to the constant need for PAO in engine oils and gearbox fluids.
Due to industrial activity and the requirement for premium lubricants in machinery and equipment, demand in the lubricants sector remained strong. The market profited from sufficient production levels and inventory availability on the supply...
