China’s base oils supply likely fell to a five-month low in July amid lower output and a dip in imports.Total base oils supply likely fell below the 500,000 t/month level in July for the first time since February.The projection was based on China’s base oils output combined with imports from shipping data for the month of July.The lower volumes would follow a rise in China's supply in June to a three-month high of more than 550,000t.The supply would be up from less than 450,000t in July 2022 but down from almost 600,000t in July 2021.Falling base oils supply reflected the impact of China’s slower-than-expected economic recovery and more muted consumption of lubricants..China’s July base oils output falls
China’s base oils supply likely fell to a five-month low in July amid lower output and a dip in imports.Total base oils supply likely fell below the 500,000 t/month level in July for the first time since February.The projection was based on China’s base oils output combined with imports from shipping data for the month of July.The lower volumes would follow a rise in China's supply in June to a three-month high of more than 550,000t.The supply would be up from less than 450,000t in July 2022 but down from almost 600,000t in July 2021.Falling base oils supply reflected the impact of China’s slower-than-expected economic recovery and more muted consumption of lubricants..China’s July base oils output falls