China’s base oils imports from key sources of Group I base oils fell to a six-year low in August amid weak demand and tighter supply.Base oils imports from Thailand, Indonesia and Japan combined came to 6,320t in August, government data showed.Imports fell from more than 10,000t in July and cut total shipments to 100,970t in the first eight months of the year. The volume was down 25pc from close to 135,000t during the same period last year.The arbitrage to move Group I bright stock from Asia to China remained hard to work since the start of the second quarter of the year, ICIS data showed.Supplies from Indonesia and Japan also tightened because of a combination of firmer domestic demand and lower output in those countries..China’s August base oils imports fall
China’s base oils imports from key sources of Group I base oils fell to a six-year low in August amid weak demand and tighter supply.Base oils imports from Thailand, Indonesia and Japan combined came to 6,320t in August, government data showed.Imports fell from more than 10,000t in July and cut total shipments to 100,970t in the first eight months of the year. The volume was down 25pc from close to 135,000t during the same period last year.The arbitrage to move Group I bright stock from Asia to China remained hard to work since the start of the second quarter of the year, ICIS data showed.Supplies from Indonesia and Japan also tightened because of a combination of firmer domestic demand and lower output in those countries..China’s August base oils imports fall
