India’s base oils imports rose in March from Singapore and Taiwan, partially countering a fall in shipments from South Korea and a dearth of arbitrage supplies from the US.Imports of more than 50,000t from Singapore in March were the highest in more than four years, provisional customs data showed.Imports rose even amid signs of firm export volumes from Singapore to China and southeast Asia in March.Imports of more than 18,000t from Taiwan in March rose from an already-high 16,000t in February.Imports stayed high even amid a sharp rise in Taiwan’s exports to China in recent months.Imports of less than 6,000t from the US in March were the lowest in six months and down from more than 45,000t during the same month a year earlier.The disparity reflected the relative lack of arbitrage shipments from the US this year..India’s March base oils imports stay low
