Millions of individuals have been quarantined by the authorities, putting a halt to all supply lines that rely on China. The travel bans and curfews enforced in most of China's main cities have curtailed the country's oil production. It has also affected the workforce community without which many ports, such as Shenzhen and Shanghai, are closed for operations. However, the country is showing signs of recovery after lockdown of three months. Most of the businesses have now reopened, which is expected to generate demand for grease.
The Industrial Greases Market is predicted to increase at a negative rate in 2020 as a result of the pandemic. To curb the spread of the virus, APAC nations took early preventative measures, such as social distance. According to sources, the countries of South Asia, including India, Bangladesh, and Sri Lanka, as well as Central Asian countries, had the greatest decline in automobile traffic. At initially, COVID-19 was centred in China.
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