Singapore’s base oils exports fell over the past week to a six-month low, after already dipping sharply the previous week.Its weekly base oils imports by contrast rebounded on the back of a surge in supplies from Europe.The island-state’s weekly exports sometimes fall sharply one week before rebounding the next.The slide in exports for a second week is less usual.It could reflect a seasonal slowdown in exports at year-end. A more sustained slowdown in shipments has also previously coincided with other factors such as plant maintenance work.Singapore’s base oils exports of less than 8,000t in the week to January 3 fell from less than 16,000t the previous week, government data showed.Exports were typically more than 35,000 t/week throughout last year.The slowdown cut total shipments to less than 125,000t over the past four weeks.The volume was down from more than 150,000 t/month in the seven months to November and the lowest at least since October 2022.The drop in supplies slashed shipments to China to less than 23,000t over the last four weeks, down from more than 40,000t in November.Singapore’s base oils imports rebounded to almost 19,000t over the past week.Most of the supplies consisted of a large shipment from Europe. Most of the shipment consisted of supplies from Italy.The shipment, along with the arrival of a large cargo from Russia the previous week, likely boosted Singapore’s supplies of Group I base oils..Spore’s exports fall in week to Dec 20.Spore’s exports rise in week to Dec 13.Spore’s exports fall in week to Dec 6
