China lubricant industry report, 2009 2010
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1. China's lubricant consumption exceeded 6 million tons in 2009, up 6.1% from the previous year, with engine oil making up 15% of consumption. 2. During the first three quarters of 2010, China's lubricant output amounted to 6.3 million tons, rising 13.8% year-on-year, reaching record high levels. 3. State-owned enterprises like Sinopec and CNPC strengthened research and development of medium and high-end lubricant products with higher profit margins.
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