The Netherland’s base oils supply outpaced demand in March by the most in seven months, mostly because of a surge in imports.Total supply of 325,000t in March rose by more than 60,000t from the previous month as imports climbed to an eight-month high.Demand rose by little more than 30,000t in March to 310,000t amid a smaller rise in exports.The 15,000t surplus of supply over demand was the highest since August 2022.The impact is likely to be felt most in the regional Group III base oils market – with premium-grade shipments the key driver behind the rise in imports..Netherlands’ March base oils supply rises.Contact us for more information about the data for these stories
The Netherland’s base oils supply outpaced demand in March by the most in seven months, mostly because of a surge in imports.Total supply of 325,000t in March rose by more than 60,000t from the previous month as imports climbed to an eight-month high.Demand rose by little more than 30,000t in March to 310,000t amid a smaller rise in exports.The 15,000t surplus of supply over demand was the highest since August 2022.The impact is likely to be felt most in the regional Group III base oils market – with premium-grade shipments the key driver behind the rise in imports..Netherlands’ March base oils supply rises.Contact us for more information about the data for these stories
