China’s base oils exports rose to a one-year high in August on a rebound in shipments to Singapore and India.Base oil exports of 28,800t in August more than doubled from 11,000t the previous month, government data showed.The rise in shipments lifted total exports to 113,800t in the first eight months of the year, up from 94,800t during the same period last year.Last year’s surge in exports coincided with a slump in domestic lube demand in China because of widespread lockdowns.Exports were even higher this year even without the lockdowns. But domestic demand stayed weak.Exports to Singapore rose to a one-year high of more than 13,000t in August, up from less than 5,000t the previous month.A steady even if small volume of supplies also continued to move to Europe and Latin America..China’s August base oils imports fall
China’s base oils exports rose to a one-year high in August on a rebound in shipments to Singapore and India.Base oil exports of 28,800t in August more than doubled from 11,000t the previous month, government data showed.The rise in shipments lifted total exports to 113,800t in the first eight months of the year, up from 94,800t during the same period last year.Last year’s surge in exports coincided with a slump in domestic lube demand in China because of widespread lockdowns.Exports were even higher this year even without the lockdowns. But domestic demand stayed weak.Exports to Singapore rose to a one-year high of more than 13,000t in August, up from less than 5,000t the previous month.A steady even if small volume of supplies also continued to move to Europe and Latin America..China’s August base oils imports fall