· Wave of shipments from Taiwan slows in past week.· Slowdown in shipments follows unplanned shutdown of Taiwan's Group II plant.· Taiwan’s base oils exports still exceed 45,000t in Jan 2024, up from less than 20,000t in Dec 2023.· Large cargo with combination of light and heavy grades scheduled to load from Taiwan at end-Jan 2024.· Several cargoes of Group II light and heavy grades load from Taiwan earlier in Jan 2024, set to reach India in early Feb 2024.· Large cargo loads from South Korea in H2 Jan 2024, set to reach US Gulf coast in early March 2024.· Cargo is second to load from South Korea in Jan 2024 bound for North/central America, pointing to sharp slowdown in shipments to that market vs Dec 2023.· Cargo loads from Saudi Arabia in mid-Jan 2024 before heading to North Africa, set to arrive by month-end.· Cargo loads from Saudi Arabia in H2 Jan 2024 before heading to northwest Europe, set to arrive in H1 Feb 2024.· Another cargo loads from Saudi Arabia in H2 Jan 2024 before heading to northern Europe; set to arrive in early Feb 2024.· Cargo of Group III base oils loads from Bahrain in H1 Jan 2024, set to reach Europe in H2 Feb 2024 after vessel travels via southern Africa rather than Suez Canal.· Cargo of Group III base oils loads from Bahrain in H2 Dec 2023, set to reach US Gulf coast in early Feb 2024.· Cargo of Group III base oils loads from UAE in H2 Dec 2023, reaches US Gulf coast this week.· Cargo loads from northeast Europe in past week before heading to South Africa; set to arrive in mid-Feb 2024.· Cargo loads from US in H2 Dec 2023, set to reach India in early Feb 2024.· Cargo of heavy grades of US origin reaches Nigeria in past week.· Cargo of US origin loads in H2 Jan 2024, set to reach Europe in early Feb 2024. Cargo could include Group I base oils.· Cargo loads from northwest Europe in Dec 2023, reaches Nigeria in late Jan 2024.· Cargo of premium-grade base oils loads from Spain in H2 Jan 2024 before heading to northwest Europe..Global base oils - week of Jan 29: Price outlook - arbitrage.Asia base oils - week of Jan 29: Supply outlook.Global base oils - week of Jan 29: Price outlook - margins.Global base oils - week of Jan 29: Demand outlook.Americas/EMEA base oils - week of Jan 29: Supply outlook
