China’s Group II base oils output fell to a three-month low in July even after a heavy round of plant maintenance in the second quarter of the year.Base oils output of less than 270,000t in July fell from close to 300,000t the previous month, OilChem China data showed.The volume was down 5pc from year-earlier levels, when a slump in domestic lube consumption prompted refiners to slash base oils output.The fall in output left total base oils production of 1.84mn t in the first seven months of the year down 14pc from 2.14mn t during the same period last year.Base oils output fell in July even after the completion of maintenance work on several major plants during the second quarter of the year.Output was instead impacted by additional plant maintenance work in July. Increasingly weak base oils margins also incentivized refiners to extend shutdowns or cut run-rates..China’s June base oils demand rises
China’s Group II base oils output fell to a three-month low in July even after a heavy round of plant maintenance in the second quarter of the year.Base oils output of less than 270,000t in July fell from close to 300,000t the previous month, OilChem China data showed.The volume was down 5pc from year-earlier levels, when a slump in domestic lube consumption prompted refiners to slash base oils output.The fall in output left total base oils production of 1.84mn t in the first seven months of the year down 14pc from 2.14mn t during the same period last year.Base oils output fell in July even after the completion of maintenance work on several major plants during the second quarter of the year.Output was instead impacted by additional plant maintenance work in July. Increasingly weak base oils margins also incentivized refiners to extend shutdowns or cut run-rates..China’s June base oils demand rises