China’s paraffinic base oils output rose to a fourteen-month high in May as rising Group II production outweighed a drop in Group I base oils output.The country’s total output of Group I, Group II and Group III base oils came to around 388,000t in May, OilChem China data showed.The volume rose from less than 357,000t the previous month and by 13pc from year-earlier levels.Output of 1.70mn t in the first five months of the year was still down 11pc from 2.02mn t during the same period last year.Output fell despite the removal of zero-Covid-related restrictions at the start of the year.China’s base oils imports failed to cover the shortfall. Imports instead fell by 12pc in the first four months of the year..China’s May Grp II base oils output rises
China’s paraffinic base oils output rose to a fourteen-month high in May as rising Group II production outweighed a drop in Group I base oils output.The country’s total output of Group I, Group II and Group III base oils came to around 388,000t in May, OilChem China data showed.The volume rose from less than 357,000t the previous month and by 13pc from year-earlier levels.Output of 1.70mn t in the first five months of the year was still down 11pc from 2.02mn t during the same period last year.Output fell despite the removal of zero-Covid-related restrictions at the start of the year.China’s base oils imports failed to cover the shortfall. Imports instead fell by 12pc in the first four months of the year..China’s May Grp II base oils output rises
