US base oils exports to Latin America fell to a nineteen-month low in August amid a dip in shipments to outlets like Brazil, Chile and Peru.Total exports to Latin America, excluding Mexico, fell to 355,400bl (50,000t) in August, government data showed.Exports fell from a six-year high of close to 640,000bl the previous month and close to 600,000bl in June.The higher volumes in June and July boosted buyers’ stocks, curbing their urgency to lock in more supplies.Higher US base oils prices from August added to the attraction of holding back from procuring more supplies.Exports to Peru fell to 5,100bl in August, from more than 75,000bl in July and from typical volumes of around 38,000 bl/month over the past year.Exports of 19,600bl to Chile in August fell from almost 70,000bl in July and from average levels of more than 50,000 bl/month over the past year..US’ Aug base oils exports to Mexico rise
US base oils exports to Latin America fell to a nineteen-month low in August amid a dip in shipments to outlets like Brazil, Chile and Peru.Total exports to Latin America, excluding Mexico, fell to 355,400bl (50,000t) in August, government data showed.Exports fell from a six-year high of close to 640,000bl the previous month and close to 600,000bl in June.The higher volumes in June and July boosted buyers’ stocks, curbing their urgency to lock in more supplies.Higher US base oils prices from August added to the attraction of holding back from procuring more supplies.Exports to Peru fell to 5,100bl in August, from more than 75,000bl in July and from typical volumes of around 38,000 bl/month over the past year.Exports of 19,600bl to Chile in August fell from almost 70,000bl in July and from average levels of more than 50,000 bl/month over the past year..US’ Aug base oils exports to Mexico rise
