The poly alpha olefin (PAO) market remained stable in price during the third week of April xxxx in all of the major regions, including North America, Europe, and Asia-Pacific (APAC). The automotive and lubricant industries&#xx; steady demand, balanced supply-demand dynamics, and industry participant鈥檚 strategic supply chain management are all factors contributing to this stability.
In the APAC region PAO prices stayed steady because of the lubricant and automotive industries&#xx; continued demand. The demand for high-performance lubricants that use PAO as a base oil is being driven by the ongoing expansion of the automotive industry in nations like China and India. Further supporting PAO demand is the region&#xx;s emphasis on energy-efficient automobiles and strict emission regulations, which have resulted in a rise in the use of synthetic lubricants. Manufacturers have been able to keep production levels steady. The reported price for Poly...
