Asia’s base oils exports fell to a five-month low in May as plant-maintenance work affected production throughout the region.Total exports of less than 630,500t in May fell from more than 675,000t the previous month and from close to 770,000t in March, government data showed.The dip in exports during the second quarter was steeper than during the same period last year and coincided with a sustained rise in regional base oils prices versus crude and diesel.Exports of close to 442,000t from northeast Asia in May fell from more than 500,000t the previous month to the lowest this year.Exports fell amid a dip in shipments from South Korea and Japan.Exports from southeast Asia rose to almost 189,000t in May, up from around 175,000t the previous month. They remained well below average levels of more than 215,000 t/month in the first quarter of the year..Asia’s May base oils supply edges up
Asia’s base oils exports fell to a five-month low in May as plant-maintenance work affected production throughout the region.Total exports of less than 630,500t in May fell from more than 675,000t the previous month and from close to 770,000t in March, government data showed.The dip in exports during the second quarter was steeper than during the same period last year and coincided with a sustained rise in regional base oils prices versus crude and diesel.Exports of close to 442,000t from northeast Asia in May fell from more than 500,000t the previous month to the lowest this year.Exports fell amid a dip in shipments from South Korea and Japan.Exports from southeast Asia rose to almost 189,000t in May, up from around 175,000t the previous month. They remained well below average levels of more than 215,000 t/month in the first quarter of the year..Asia’s May base oils supply edges up