Singapore’s base oils exports to China extended their rise over the past week, lifting total shipments so far in October to the highest in more than eight months.The island-state’s base oils exports to China rose to close to 45,000 tonnes in the four weeks to 29 October..The volume was up from less than 33,000 tonnes in September and the highest four-week volume since March 2025..Higher exports to China in March coincided with a seasonal rise in the country’s domestic demand after winter.Higher base oils exports to China in October preceded a typical seasonal slowdown in demand before and during winter.The rise in shipments coincided with increasingly firm domestic Group II light-grade base oils prices in China relative to diesel prices and relative to FOB Asia cargo prices.The firmer prices were also unusual at a time of year when they tended to trend lower..Singapore September base oils exports rise.China’s Sept base oils demand rises
