· Singapore takes delivery last week of second large cargo from US in past three weeks.· Singapore’s base oils imports from US totalled less than 4,000t in first seven months of 2023 and more than 9,000t since then.· Taiwan’s base oils exports extend sharp slowdown so far this month ahead of plant maintenance work starting in Oct 2023.· Flow of shipments loading from South Korea before heading to US slows in recent weeks.· Slowdown follows arrival in US in coming week of several large shipments that loaded from South Korea in Aug-Sep 2023.· Cargo with combination of Group I and Group II base oils from Saudi Arabia set to reach South Africa at start of this week.· Large cargo from Saudi Arabia set to reach India in coming days.· Cargoes of Group III base oils load from Bahrain in 1H Sep 2023, set to reach Europe this week.· Cargo of Group III base oils loads from UAE in early Oct 2023, set to reach Turkey early next week.· Group I cargo loads from Algeria in early Oct 2023 before heading to Brazil, expected to arrive in 2H Oct 2023.· Cargo loads from Turkey in early Oct 2023, set to reach Tunisia this week.· Cargo loads from northwest Europe in late Sep 2023, set to reach Nigeria around mid-Oct 2023.· Cargo from northwest Europe set to reach South Africa in mid-Oct 2023.· Another cargo from northwest Europe set to reach South Africa in 2H Oct 2023.· Cargoes add to signs of surge in shipments reaching South Africa in month of October.· Cargo of very-light grades from Spain set to reach India at beginning of this week.· Cargo loads from US in 2H Sep 2023, set to reach Egypt early next week..Global base oils - week of Oct 9: Price outlook - arbitrage
· Singapore takes delivery last week of second large cargo from US in past three weeks.· Singapore’s base oils imports from US totalled less than 4,000t in first seven months of 2023 and more than 9,000t since then.· Taiwan’s base oils exports extend sharp slowdown so far this month ahead of plant maintenance work starting in Oct 2023.· Flow of shipments loading from South Korea before heading to US slows in recent weeks.· Slowdown follows arrival in US in coming week of several large shipments that loaded from South Korea in Aug-Sep 2023.· Cargo with combination of Group I and Group II base oils from Saudi Arabia set to reach South Africa at start of this week.· Large cargo from Saudi Arabia set to reach India in coming days.· Cargoes of Group III base oils load from Bahrain in 1H Sep 2023, set to reach Europe this week.· Cargo of Group III base oils loads from UAE in early Oct 2023, set to reach Turkey early next week.· Group I cargo loads from Algeria in early Oct 2023 before heading to Brazil, expected to arrive in 2H Oct 2023.· Cargo loads from Turkey in early Oct 2023, set to reach Tunisia this week.· Cargo loads from northwest Europe in late Sep 2023, set to reach Nigeria around mid-Oct 2023.· Cargo from northwest Europe set to reach South Africa in mid-Oct 2023.· Another cargo from northwest Europe set to reach South Africa in 2H Oct 2023.· Cargoes add to signs of surge in shipments reaching South Africa in month of October.· Cargo of very-light grades from Spain set to reach India at beginning of this week.· Cargo loads from US in 2H Sep 2023, set to reach Egypt early next week..Global base oils - week of Oct 9: Price outlook - arbitrage
