Thailand refiner IRPC’s base oils output stayed lower than usual in October for a second month, while its exports slumped.The unit’s base oils output of 25,700 kilolitres (23,000t) in October edged up from less than 24,000kl the previous month, government data showed.The volume was still down from typical levels of more than 30,000 kl/month in the first eight months of the year.The refiner's base oils output stayed lower in September and October even as Asia’s Group I base oils prices rebounded versus feedstock and competing fuel prices, ICIS data showed.Lower output contrasted with a rise in IRPC’s domestic base oils sales to a seven-month high of more than 4,000kl in October.Its base oils exports fell to an eleven-month-low of less than 8,500kl in October, from close to 18,000kl in September.Most of its October shipments moved to Singapore, with a smaller volume moving to India..Thailand’s Oct base oils exports fall
Thailand refiner IRPC’s base oils output stayed lower than usual in October for a second month, while its exports slumped.The unit’s base oils output of 25,700 kilolitres (23,000t) in October edged up from less than 24,000kl the previous month, government data showed.The volume was still down from typical levels of more than 30,000 kl/month in the first eight months of the year.The refiner's base oils output stayed lower in September and October even as Asia’s Group I base oils prices rebounded versus feedstock and competing fuel prices, ICIS data showed.Lower output contrasted with a rise in IRPC’s domestic base oils sales to a seven-month high of more than 4,000kl in October.Its base oils exports fell to an eleven-month-low of less than 8,500kl in October, from close to 18,000kl in September.Most of its October shipments moved to Singapore, with a smaller volume moving to India..Thailand’s Oct base oils exports fall