South Korea’s base oils exports to Europe recovered in April, boosting premium-grade supplies in the region ahead of scheduled plant maintenance work.Total exports of 31,670t to Europe in April rose from 11,210t the previous month, government data showed.Almost 22,000t of the volume was bound for the Netherlands and Belgium. The supplies likely consisted of Group III base oils.Exports of 58,800t to those two outlets in the three months to April were up from 35,300t during the same period last year.The rise in shipments came ahead of Group III plant maintenance work in Spain and in South Korea during the second quarter of the year.Almost 10,000t of supplies moved to other markets, mostly to Turkey.A still-wide premium of Europe Group II prices over Asia prices sustained the attraction of moving arbitrage cargoes to the region..S Korea’s April base oils exports rise.Contact us for more information about the data for these stories
