· Singapore takes delivery of unusually large volume of supplies from Hong Kong last week.· Shipment is second such large cargo from Hong Kong to Singapore in little more than two months.· Hong Kong is key outlet for premium-grade base oils from Qatar.· Singapore ships large cargo to US last week.· Shipment is second such large cargo from Singapore to US in little more than a month.· Singapore’s exports to US had previously mostly come to less than 300 t/month since last September.· Exports from Taiwan gather pace since 20 July; wave of shipments set to load in coming days.· Pick-up in shipments follows slowdown in exports in June and 1H July.· Most of the recent wave of shipments move to China.· Signs of pick-up in flows from Taiwan to China coincide with widening gap between fob Asia cargo prices and domestic Chinese prices.· Cargo of light-grade base oils from China set to reach India around mid-August.· Cargo of Group II base oils from South Korea set to reach Mideast Gulf in coming week.· Slowdown in South Korean base oils shipments to US shows signs of extending into August.· Large cargo of Group I and Group II base oils loads from Saudi Arabia in early August, set to reach India in coming week.· Large cargo of Group III base oils from Bahrain reaches Europe at start of this week.· Cargo loads from US at end-July before heading to Turkey; set to arrive in 2H August.· Cargo, likely of Group II base oils, loads from US at end-July, set to reach India in mid-August.
· Singapore takes delivery of unusually large volume of supplies from Hong Kong last week.· Shipment is second such large cargo from Hong Kong to Singapore in little more than two months.· Hong Kong is key outlet for premium-grade base oils from Qatar.· Singapore ships large cargo to US last week.· Shipment is second such large cargo from Singapore to US in little more than a month.· Singapore’s exports to US had previously mostly come to less than 300 t/month since last September.· Exports from Taiwan gather pace since 20 July; wave of shipments set to load in coming days.· Pick-up in shipments follows slowdown in exports in June and 1H July.· Most of the recent wave of shipments move to China.· Signs of pick-up in flows from Taiwan to China coincide with widening gap between fob Asia cargo prices and domestic Chinese prices.· Cargo of light-grade base oils from China set to reach India around mid-August.· Cargo of Group II base oils from South Korea set to reach Mideast Gulf in coming week.· Slowdown in South Korean base oils shipments to US shows signs of extending into August.· Large cargo of Group I and Group II base oils loads from Saudi Arabia in early August, set to reach India in coming week.· Large cargo of Group III base oils from Bahrain reaches Europe at start of this week.· Cargo loads from US at end-July before heading to Turkey; set to arrive in 2H August.· Cargo, likely of Group II base oils, loads from US at end-July, set to reach India in mid-August.