China’s total paraffinic base oils supply likely fell in April amid signs of a slowdown in base oils imports, countering higher domestic production.Total supply likely fell back below 520,000t in April, down from more than 580,000t the previous month.The projection was based on a combination of domestic output and shipping data for the month of April.A slowdown in imports would follow a surge in shipments to China in March to the highest since first-half 2021, and then a gradual rise in domestic base oils output in April.A drop in supply in April suggests more muted demand that lagged the pace of the rise in supply in March..China’s April base oils output rises
China’s total paraffinic base oils supply likely fell in April amid signs of a slowdown in base oils imports, countering higher domestic production.Total supply likely fell back below 520,000t in April, down from more than 580,000t the previous month.The projection was based on a combination of domestic output and shipping data for the month of April.A slowdown in imports would follow a surge in shipments to China in March to the highest since first-half 2021, and then a gradual rise in domestic base oils output in April.A drop in supply in April suggests more muted demand that lagged the pace of the rise in supply in March..China’s April base oils output rises
