Asia’s base oils exports fell in July to their lowest since first-half 2020, when pandemic-related restrictions disrupted typical trade flows.Exports fell this time despite the lack of any such restrictions.Total base oils exports of less than 526,000t in July fell from an already-low 614,000t the previous month, government data showed.Exports fell by 27pc and for a fourth month from year-earlier levels.The slowdown cut total shipments to 4.66mn t in the first seven months of the year.The volume fell from 4.85mn t during the same period last year to the lowest for that seven-month period since 2016.The slowdown in July mostly reflected a slump in shipments from northeast Asia to less than 350,000t.The volume was down from typical levels of around 480,000 t/month over the past year and the lowest since May 2020.The fall in exports coincided with a seasonal slowdown in lube demand in the Asia-Pacific region. .S Korea’s July base oils exports fall
Asia’s base oils exports fell in July to their lowest since first-half 2020, when pandemic-related restrictions disrupted typical trade flows.Exports fell this time despite the lack of any such restrictions.Total base oils exports of less than 526,000t in July fell from an already-low 614,000t the previous month, government data showed.Exports fell by 27pc and for a fourth month from year-earlier levels.The slowdown cut total shipments to 4.66mn t in the first seven months of the year.The volume fell from 4.85mn t during the same period last year to the lowest for that seven-month period since 2016.The slowdown in July mostly reflected a slump in shipments from northeast Asia to less than 350,000t.The volume was down from typical levels of around 480,000 t/month over the past year and the lowest since May 2020.The fall in exports coincided with a seasonal slowdown in lube demand in the Asia-Pacific region. .S Korea’s July base oils exports fall
