India’s Group II base oils imports stayed unusually high in October for a fifth month as higher shipments from Asia and the Mideast Gulf countered a slowdown in supplies from the US.Total Group II light- and heavy-grade imports came to more than 100,000t in October, provisional customs data showed. The volume rose from more than 95,000t the previous month.Imports held close to or above those volumes every month since June.Group II imports had previously averaged around 83,000 t/month in the year to May.Imports got a boost initially from the arrival of a swathe of arbitrage shipments from the US.A rebound in shipments from Asia in September and October then balanced out a slowdown in supplies from the US.Imports from the Mideast Gulf were also unusually high in October.Imports of light-grade base oils rebounded to more than 50,000t in October, from less than 40,000t the previous month.Imports of heavy grades came to more than 45,000t in October, versus around 55,000t the previous month..India’s Oct base oils imports steady
