China’s imports of premium-grade base oils from the Mideast Gulf rose to a two-year high in May even as the country’s total imports fell.Imports of 38,910t from the Mideast Gulf in May rose from less than 20,000t the previous month, government data showed.The rise in shipments lifted average imports to more than 29,000 t/month so far in the second quarter of the year.The volume rose from less than 21,000 t/month in the first three months of the year and from around 26,000 t/month during second-quarter 2022.Higher imports of Group III base oils contrasted with a drop in China’s imports of Group II base oils from sources like South Korea and Taiwan, and of Group I supplies from southeast Asia..China’s May base oils imports stay low.Contact us for more information about the data for these stories
China’s imports of premium-grade base oils from the Mideast Gulf rose to a two-year high in May even as the country’s total imports fell.Imports of 38,910t from the Mideast Gulf in May rose from less than 20,000t the previous month, government data showed.The rise in shipments lifted average imports to more than 29,000 t/month so far in the second quarter of the year.The volume rose from less than 21,000 t/month in the first three months of the year and from around 26,000 t/month during second-quarter 2022.Higher imports of Group III base oils contrasted with a drop in China’s imports of Group II base oils from sources like South Korea and Taiwan, and of Group I supplies from southeast Asia..China’s May base oils imports stay low.Contact us for more information about the data for these stories