Peru’s base oils and lube imports fell in April for the fourth time in five months amid signs of a region-wide slowdown in consumption.Base oils and lube imports of 10,840 kilolitres (9,600t) in April fell from 9,300kl the previous month, provisional customs data showed.The volume fell by 41pc from the same month a year ago, following a 26pc contraction in March.Base oils imports of almost 24,000kl from the US in the first four months of the year fell from 33,800kl during the same period last year.Imports from South Korea fell back to around 710kl in April, from more than 1,600kl the previous month.More than half the volume from South Korea consisted of Group II heavy grades.Asia-Pacific Group II heavy-grade prices remained at a steep discount to US heavy-grade prices.The wide discount sustained the attraction for buyers in Latin America to seek arbitrage supplies from Asia..Brazil’s April lube demand falls.Contact us for more information about the data for these stories
Peru’s base oils and lube imports fell in April for the fourth time in five months amid signs of a region-wide slowdown in consumption.Base oils and lube imports of 10,840 kilolitres (9,600t) in April fell from 9,300kl the previous month, provisional customs data showed.The volume fell by 41pc from the same month a year ago, following a 26pc contraction in March.Base oils imports of almost 24,000kl from the US in the first four months of the year fell from 33,800kl during the same period last year.Imports from South Korea fell back to around 710kl in April, from more than 1,600kl the previous month.More than half the volume from South Korea consisted of Group II heavy grades.Asia-Pacific Group II heavy-grade prices remained at a steep discount to US heavy-grade prices.The wide discount sustained the attraction for buyers in Latin America to seek arbitrage supplies from Asia..Brazil’s April lube demand falls.Contact us for more information about the data for these stories
