China’s base oils exports rebounded in October to their second-highest level in fourteen months, adding to signs of muted domestic demand in the country at the start of the fourth quarter.China's base oils exports of 25,600t in October rose from 3,600t the previous month and almost tripled from year-earlier levels, government data showed.The rise in shipments lifted total exports to 143,170t in the first ten months of the year. The volume was up from 121,700t during the same period last year and from around 85,000t during the same period in 2021.China’s base oils exports rose in October at a time of year when the country’s domestic lube demand typically gets a seasonal boost.The pick-up in exports and simultaneous slump in China’s base oils imports suggested lube demand was more muted than expected. Almost all of China's October shipments moved to Singapore, which faces the prospect of a slowdown in base oils supplies from Japan.Exports to India fell held below 1,000t in October for a second month. Shipments to the country had previously averaged close to 5,000 t/month in the seven months to August..China’s Oct base oils imports fall
China’s base oils exports rebounded in October to their second-highest level in fourteen months, adding to signs of muted domestic demand in the country at the start of the fourth quarter.China's base oils exports of 25,600t in October rose from 3,600t the previous month and almost tripled from year-earlier levels, government data showed.The rise in shipments lifted total exports to 143,170t in the first ten months of the year. The volume was up from 121,700t during the same period last year and from around 85,000t during the same period in 2021.China’s base oils exports rose in October at a time of year when the country’s domestic lube demand typically gets a seasonal boost.The pick-up in exports and simultaneous slump in China’s base oils imports suggested lube demand was more muted than expected. Almost all of China's October shipments moved to Singapore, which faces the prospect of a slowdown in base oils supplies from Japan.Exports to India fell held below 1,000t in October for a second month. Shipments to the country had previously averaged close to 5,000 t/month in the seven months to August..China’s Oct base oils imports fall
