· Singapore takes delivery of unusually large volume of supplies from Japan last week.· Shipments boost imports from Japan over past four weeks to highest in almost five months.· Rise in shipments precedes imminent closure of Group I plant in Japan.· Cargo loadings from Taiwan slow down in past week after wave of shipments in first week of September.· Total cargo loadings from Taiwan likely to fall from unusually high levels in August, still set to remain relatively firm.· More than half of Taiwan’s cargoes move to China so far in September.· Cargo of light and heavy-grade Group II base oils from Taiwan set to reach India in coming days.· Cargo from South Korea set to reach US Gulf coast by end-Sep 2023, ahead of several others in early October.· Cargo from southeast Asia set to reach Brazil in coming days.· Large cargo of Group III base oils from UAE discharges part of the shipment in west-coast India last week, set to discharge larger portion in Chennai this week.· Large cargo of Group III base oils from UAE loads in 2H Aug 2023, set to reach US Gulf coast by end-Sep 2023.· Cargo loadings from Saudi Arabia slow down in September after surge in shipments in August.· Cargo from Saudi Arabia, likely of Group II base oils, set to reach northwest Europe by end-Sep 2023.· Large cargo from US set to reach northwest Europe in coming days.· Several shipments from UK set to reach Nigeria before end-Sep 2023.· Shipment from Russia set to reach Nigeria in coming days.· Shipment from Russia to Nigeria would be third in last five months on same vessel..Global base oils - week of Sep 18: Price outlook - arbitrage
· Singapore takes delivery of unusually large volume of supplies from Japan last week.· Shipments boost imports from Japan over past four weeks to highest in almost five months.· Rise in shipments precedes imminent closure of Group I plant in Japan.· Cargo loadings from Taiwan slow down in past week after wave of shipments in first week of September.· Total cargo loadings from Taiwan likely to fall from unusually high levels in August, still set to remain relatively firm.· More than half of Taiwan’s cargoes move to China so far in September.· Cargo of light and heavy-grade Group II base oils from Taiwan set to reach India in coming days.· Cargo from South Korea set to reach US Gulf coast by end-Sep 2023, ahead of several others in early October.· Cargo from southeast Asia set to reach Brazil in coming days.· Large cargo of Group III base oils from UAE discharges part of the shipment in west-coast India last week, set to discharge larger portion in Chennai this week.· Large cargo of Group III base oils from UAE loads in 2H Aug 2023, set to reach US Gulf coast by end-Sep 2023.· Cargo loadings from Saudi Arabia slow down in September after surge in shipments in August.· Cargo from Saudi Arabia, likely of Group II base oils, set to reach northwest Europe by end-Sep 2023.· Large cargo from US set to reach northwest Europe in coming days.· Several shipments from UK set to reach Nigeria before end-Sep 2023.· Shipment from Russia set to reach Nigeria in coming days.· Shipment from Russia to Nigeria would be third in last five months on same vessel..Global base oils - week of Sep 18: Price outlook - arbitrage