Indonesia’s Group III base oils exports were steady in October, maintaining levels that remained much lower than before this year.Total exports of 18,000t in October fell from 18,500t the previous month, government data showed.The volume was up from typical levels of less than 16,000 t/month over the past year.They remained much lower than average volumes of more than 21,000 t/month last year and more than 28,000 t/month in 2021.The drop in exports mostly reflected a slump in shipments to China and to South Korea. A portion of supplies bound for South Korea then typically move on to the US.Exports to Europe by contrast held much steadier this year.Those trends mostly extended into October.Shipments of 8,500t to the Netherlands in October were steady from September and above typical volumes of less than 7,500 t/month over the past year.There were no cargoes to China for a fourth month in October. The pause in exports followed shipments of close to 2,000 t/month to China in first-half 2023..Indonesia’s Sept Group III exports fall.Europe Sept Grp III base oil supply rises
