Peru’s Group II heavy-grade base oils imports from South Korea held at a steep discount to prices for supplies from the US in March.The trend incentivized buyers to secure more supplies from the northeast Asian country.The average price for imported Group II heavy grades of South Korean origin was around $1,020/t cfr in March, provisional customs data showed. The price was more than $100/t lower than the previous month.A large portion of the supplies consisted of flexibag shipments.The average price for imported Group II heavy grades from the US remained more than $800/t higher than prices for supplies from South Korea in March and the previous month.Prices for supplies of bright stock from South Korea were also at a steep discount to supplies from the US..Peru’s March base oils imports fall
Peru’s Group II heavy-grade base oils imports from South Korea held at a steep discount to prices for supplies from the US in March.The trend incentivized buyers to secure more supplies from the northeast Asian country.The average price for imported Group II heavy grades of South Korean origin was around $1,020/t cfr in March, provisional customs data showed. The price was more than $100/t lower than the previous month.A large portion of the supplies consisted of flexibag shipments.The average price for imported Group II heavy grades from the US remained more than $800/t higher than prices for supplies from South Korea in March and the previous month.Prices for supplies of bright stock from South Korea were also at a steep discount to supplies from the US..Peru’s March base oils imports fall
