颁丑颈苍补鈥檚 PAO market stayed stable in June xxxx, with no change in the average price of PAO xcSt CFR Shanghai. This steady trend was mainly driven by strong demand from the new energy vehicle (NEV) sector, which heavily relies on synthetic lubricants. As per data from the Passenger Car Association, NEV wholesale sales in China reached x.xx million units in June, up xxx compared to the same month last year. This continued growth in NEV production kept the demand for PAO strong throughout the month.
Key Takeaways
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PAO prices in China stayed steady because of strong demand from the automotive and synthetic lubricant industries.
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In Germany, PAO prices dropped as factories were careful with how much stock they kept, and overall market conditions were slow.
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颁丑颈苍补鈥檚 supply stayed balanced thanks to steady imports, while German companies cut back on both raw materials and finished products in their...
