China’s naphthenic base oils output fell to a three-month low in April as a seasonal round of plant maintenance work cut supply.Naphthenic base oils output of less than 115,000t in April fell from close to 160,000t the previous month, OilChem China data showed.The volume was the lowest since January and down 29pc from year-earlier levels.It lagged average levels of around 127,000 t/month in second-half 2022, when repeated lockdowns and slowing economic growth in China slashed lube and base oils demand..China’s April Group II output rises
