· Firming domestic Chinese Group II light-grade prices dampen attraction of exporting more supplies from China.· Firmer domestic Chinese prices boost competitiveness/attraction of Group II supplies from Taiwan.· Prospect of rise in Taiwan shipments to China would cut supplies for other markets.· Surge in Taiwan shipments to Americas/India/SE Asia/UAE in Q3 had been a major factor that kept pressure on prices.· Prospect of lower Chinese base oils exports / lower Taiwan base oils exports to other markets would ease persistent supply overhang, support firmer Asia-Pacific prices..Global base oils – week of Oct 17: Supply outlook
