In 2014, the overall demand for the base oil market was weak. After the traditional peak season, the traditional peak season has not been very strong. Since the traditional off-season in June, domestic base oil prices have been on a downward trend. However, there was no significant rebound in market transactions after the fall. This year's economic situation was generally weak. In particular, the impact on the base oil import market was relatively large, and most of the import enterprises were in an upside-down loss phase. However, Lu Zhong, a lubricant analyst at Longzhong, believes that overall market demand, the market demand for lubricants is still slowly rising, but from the data point of view, the growth in demand is far lower than the market supply. Growth. 
Market demand: Lubricants are mainly used in automobiles, steel, aviation, ships, hydraulics, machinery, etc. Among them, vehicle lubricants and industrial lubricants account for about 80% of the total demand for lubricants.
Looking at the demand for automotive lubricants, the number of civilian vehicles has been increasing year by year, which has stabilized the demand for vehicle oil. According to the data from the automotive industry, China’s annual sales of 20 million vehicles have doubled China’s ownership for five years, ensuring that the demand for lubricants is on a large-scale stable growth period. In 2013, the total automobile sales exceeded 21 million, making China’s car ownership reach 130 million. The total production of cars from January to May 2014 was 9,934,280.
The increase in the number of cars means that the amount of automotive lubricants will increase. Along with the high-end brand of the car, the owners are currently taking care of the maintenance, maintenance of the vehicles and the selection and input of high-end lubricants. Large, it brings great prospects for the demand and development of automotive lubricants.
The demand of the steel industry is increasing year by year, but the increasing growth rate is a downward trend, which is mainly affected by the domestic economic environment. According to statistics from Longzhong, the demand for industrial lubricants from the steel industry is 67% dominated by industrial gear oils, and other products account for about 33%.
In the power generation industry, industrial lubricants are mainly based on the turbine oil series, accounting for about 78%, and other industrial lubricants account for about 22%.
In the shipbuilding industry, the demand for industrial lubricants is dominated by hydraulic oil and turbine oil, of which hydraulic oil accounts for 46%, turbine oil accounts for 29%, and others account for about 25%.
In the cement industry, the demand for industrial lubricants is mainly industrial gear oil and hydraulic oil, accounting for 27% and 31% respectively, and other products account for about 42%. This industry is greatly affected by the domestic real estate, this year by the state's regulation of the real estate industry, the demand for industrial lubricants has been more obvious.
From a comprehensive perspective, it is expected that the demand for industrial lubricants will increase with the economic recovery and gradually increase under the support of stable demand for automotive lubricants.