China’s base oils imports held steady at low levels in June in the face of weaker-than-expected domestic demand.Base oils imports of 166,100t in June rose from 152,590t in May and by 8pc from year-earlier levels, government data showed.Imports of 477,950t in the second quarter were also up 7pc from 446,530t during the same period last year.The increase was relative.China’s base oils imports slumped in the second quarter of 2022 to the lowest in more than six years for that three-month period.Imports fell at that time as lockdowns in key commercial centres like Shanghai slashed economic activity and lubricants demand.China’s base oils imports of 1.03mn t in the first half of this year were still below year-earlier levels of 1.11mn t. .Taiwan’s June base oils exports to China fall
