Japan’s base oils exports rose to a five-month high in March, mirroring a rebound in domestic demand that more than countered a rise in base oils production.Base oils exports of 78,510 kilolitres (69,550t) in March rose from 72,490kl the previous month to the highest since last October, government data showed.The volume was up from average levels of less than 73,000 kl/month during the previous six months.It was down from more than 90,000 kl/month in first-half 2022.The period in first-half 2022 coincided with an unusually light round of plant maintenance work and came ahead of the closure of a Group I plant in Japan in the second half of the year.Base oils exports to Singapore fell to a four-month low of 23,580kl in March.Shipments to the island-state are likely to fall further over the coming months during a round of plant maintenance work in Japan..Japan March base oil/lube demand rises
