Asia’s base oils supply fell to a two-year low in June mostly because of a slump in output in South Korea.Base oils supply fell to less than 845,000t in June, down from more than 930,000t the previous month.The slowdown cut total supply to 2.70mn t in the second quarter of the year, down from around 3mn t during the first three months of the year.Including China, supply of 1.23mn t in June fell from around 1.32mn t the previous month to the lowest since February.Asia’s base oils supply fell in June amid a slump in output in South Korea to the lowest since April 2021.Base oils output in South Korea fell because of scheduled plant maintenance work. The size of the drop in output suggested other refiners in the country also cut production..S Korea’s June base oils output falls
