17 October 2012 00:10 [Source: ICIS news]
SCOTTSDALE, Arizona (ICIS)--Grease demand has held steady in 2012 as a result of strong industrial markets, particularly mining and farming, a supplier said on Tuesday.
Grease, a downstream lubricant product made from base oils, is mainly used in industrial and automotive applications.
“Industrial demand for greases used in mining operations is doing well, and 2012 demand has been good for the grease business,” a supplier said on the sidelines of the Independent Lubricant Manufacturers Association (ILMA) annual meeting.
A strong cotton market is also helping the grease industry, as the lubricant is used in heavy farming equipment, the supplier said.
The ILMA meeting ends on Wednesday, October 17.
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