· Singapore’s weekly shipments to China last week rise to highest since early March.· Singapore’s weekly imports from Japan rise last week to highest in more than two months.· Taiwan’s April shipments stay relatively low, much lower than March levels.· Larger-than-usual share of Taiwan’s shipments move to China in April.· Taiwan’s April shipments consist of more heavy grades than light grades; March shipments had more light grades.· Large cargo from South Korea set to reach North America in coming week. Shipment likely includes Group II base oils.· Large cargo from South Korea set to reach US Gulf coast in coming week.· April-loading cargo volumes from South Korea to US Gulf coast remain much lower than March.· Large cargo from southeast Asia set to reach Nigeria this week.· Cargo from Egypt, likely of Group I base oils, reaches India in recent days.· Large cargo loads from Yanbu early this week – likely bound for UAE or India.· Cargo loads from Yanbu/Jeddah last week, set to reach UAE this week.· Cargo from Bahrain set to reach Mediterranean region in coming week.· Cargo from Bahrain set to reach northwest Europe this week.· Cargo loads from US Gulf coast around mid-April, set to reach Nigeria in early May.· Large cargo from US Gulf coast loads in 1H April, set to reach Europe in early May.· Shipment follows arrival of even larger US cargo in northwest Europe in mid-April.· Cargo from US set to reach Suez Canal in early May, likely bound for India.· Spain’s premium-grade base oils exports show signs of slowing in April from March..Global base oils – week of April 24: Price outlook – margins
· Singapore’s weekly shipments to China last week rise to highest since early March.· Singapore’s weekly imports from Japan rise last week to highest in more than two months.· Taiwan’s April shipments stay relatively low, much lower than March levels.· Larger-than-usual share of Taiwan’s shipments move to China in April.· Taiwan’s April shipments consist of more heavy grades than light grades; March shipments had more light grades.· Large cargo from South Korea set to reach North America in coming week. Shipment likely includes Group II base oils.· Large cargo from South Korea set to reach US Gulf coast in coming week.· April-loading cargo volumes from South Korea to US Gulf coast remain much lower than March.· Large cargo from southeast Asia set to reach Nigeria this week.· Cargo from Egypt, likely of Group I base oils, reaches India in recent days.· Large cargo loads from Yanbu early this week – likely bound for UAE or India.· Cargo loads from Yanbu/Jeddah last week, set to reach UAE this week.· Cargo from Bahrain set to reach Mediterranean region in coming week.· Cargo from Bahrain set to reach northwest Europe this week.· Cargo loads from US Gulf coast around mid-April, set to reach Nigeria in early May.· Large cargo from US Gulf coast loads in 1H April, set to reach Europe in early May.· Shipment follows arrival of even larger US cargo in northwest Europe in mid-April.· Cargo from US set to reach Suez Canal in early May, likely bound for India.· Spain’s premium-grade base oils exports show signs of slowing in April from March..Global base oils – week of April 24: Price outlook – margins
