Turkey’s imports of premium-grade base oils rose to a four-month high in April, contrasting with lower Group I imports.Premium-grade base oils supply accounted for a growing share of Turkey’s base oils market in recent years, while the Group I share dwindled.That trend reversed so far this year amid a pick-up in supplies of Group I base oils.Premium-grade base oils imports of 28,270t in April edged up from 27,000t the previous month and by 18pc from year-earlier levels.Imports of 97,630t in the first four months of the year were up 2pc from 95,430t the same period a year earlier.Imports got a boost from an unusual surge in supplies from South Korea to more than 4,000t. Imports from the northeast Asian country are typically less than 500 t/month.The larger volume pointed to the arrival of an arbitrage shipment..Turkey's April Grp I base oil imports fall.Contact us for more information about the data for these stories
Turkey’s imports of premium-grade base oils rose to a four-month high in April, contrasting with lower Group I imports.Premium-grade base oils supply accounted for a growing share of Turkey’s base oils market in recent years, while the Group I share dwindled.That trend reversed so far this year amid a pick-up in supplies of Group I base oils.Premium-grade base oils imports of 28,270t in April edged up from 27,000t the previous month and by 18pc from year-earlier levels.Imports of 97,630t in the first four months of the year were up 2pc from 95,430t the same period a year earlier.Imports got a boost from an unusual surge in supplies from South Korea to more than 4,000t. Imports from the northeast Asian country are typically less than 500 t/month.The larger volume pointed to the arrival of an arbitrage shipment..Turkey's April Grp I base oil imports fall.Contact us for more information about the data for these stories
