· Singapore’s base oils imports last week include large shipment from Netherlands.· Shipment would be largest monthly volume from Netherlands since February.· Shipment would follow pick-up in flows from Netherlands in July.· Taiwan’s August shipments surge from July, with more than 30,000t moving to China.· Some supplies also likely moved to Mideast Gulf.· Cargo with close to 9,000t of light and heavy grades loads from Taiwan in early September before moving to China.· Cargo loadings from Taiwan pause in recent days as another typhoon strikes island.· July-loading cargo from South Korea set to reach US Gulf coast early this week.· Cargo loads from South Korea in late-Aug 2023, set to reach US Gulf coast at end-Sep 2023.· Another cargo loads from South Korea in late-Aug 2023, set to reach US Gulf coast in early October. Shipment likely includes some Group II base oils.· Shipments would follow slowdown in cargo flows from South Korea to US in recent weeks.· Large cargo from Saudi Arabia, likely of Group I and Group II base oils, reaches UAE at start of this week.· Saudi Arabia’s base oils shipments rebound sharply in August after slowdown in July.· Base oils shipments from Bahrain show signs of rising strongly in August, adding to firm volumes in June and July.· Cargo volumes from Spain’s Cartagena show signs of falling sharply in August from July.· Cargo, likely of very-light grade base oils, loads from Spain at end-July 2023, reaches India in recent days.· Arbitrage shipments from US show signs of slowing, focusing more on Latin America..Global base oils - week of Sep 4: Price outlook - arbitrage
· Singapore’s base oils imports last week include large shipment from Netherlands.· Shipment would be largest monthly volume from Netherlands since February.· Shipment would follow pick-up in flows from Netherlands in July.· Taiwan’s August shipments surge from July, with more than 30,000t moving to China.· Some supplies also likely moved to Mideast Gulf.· Cargo with close to 9,000t of light and heavy grades loads from Taiwan in early September before moving to China.· Cargo loadings from Taiwan pause in recent days as another typhoon strikes island.· July-loading cargo from South Korea set to reach US Gulf coast early this week.· Cargo loads from South Korea in late-Aug 2023, set to reach US Gulf coast at end-Sep 2023.· Another cargo loads from South Korea in late-Aug 2023, set to reach US Gulf coast in early October. Shipment likely includes some Group II base oils.· Shipments would follow slowdown in cargo flows from South Korea to US in recent weeks.· Large cargo from Saudi Arabia, likely of Group I and Group II base oils, reaches UAE at start of this week.· Saudi Arabia’s base oils shipments rebound sharply in August after slowdown in July.· Base oils shipments from Bahrain show signs of rising strongly in August, adding to firm volumes in June and July.· Cargo volumes from Spain’s Cartagena show signs of falling sharply in August from July.· Cargo, likely of very-light grade base oils, loads from Spain at end-July 2023, reaches India in recent days.· Arbitrage shipments from US show signs of slowing, focusing more on Latin America..Global base oils - week of Sep 4: Price outlook - arbitrage