Japan’s base oils exports fell to a nineteen-month low in July in the face of a shrinking supply-surplus.Base oils exports of 59,400 kilolitres (52,600t) in July fell from more than 73,000kl the previous month, government data showed.Exports fell for a seventh month from year-earlier levels to the lowest since end-2021.The downward trend cut total exports to less than 503,000kl in the first seven months of the year. The volume was down 21pc from almost 638,000kl during the same period a year earlier.Exports to the key outlets of South Korea and Singapore had fallen at a slower pace than that in the first half of the year.The slowdown in shipments to those two markets speeded up in July.Base oils exports to Singapore fell in July to an eight-month low. Shipments to South Korea fell to a ten-month low..Japan’s July base oils supply falls
Japan’s base oils exports fell to a nineteen-month low in July in the face of a shrinking supply-surplus.Base oils exports of 59,400 kilolitres (52,600t) in July fell from more than 73,000kl the previous month, government data showed.Exports fell for a seventh month from year-earlier levels to the lowest since end-2021.The downward trend cut total exports to less than 503,000kl in the first seven months of the year. The volume was down 21pc from almost 638,000kl during the same period a year earlier.Exports to the key outlets of South Korea and Singapore had fallen at a slower pace than that in the first half of the year.The slowdown in shipments to those two markets speeded up in July.Base oils exports to Singapore fell in July to an eight-month low. Shipments to South Korea fell to a ten-month low..Japan’s July base oils supply falls