Japan’s base oils supply fell to a five-month low in July as sliding imports outweighed steady base oils production.Total output of 206,160 kilolitres (182,620t) in July rose from 203,340kl the previous month, government data showed.The volume fell by 14pc and for a fourth month from year-earlier levels.The slowdown partly reflected the impact of scheduled plant maintenance work in recent months and contrasted with an usually light round of maintenance work last year.The lower volume also coincided with signs that domestic refiners continued to focus on prioritizing output of middle distillates.Output is likely to fall further over the coming months because of additional plant maintenance work and the upcoming closure of another base oils unit in the country.Japan’s base oils imports also fell in July to a multi-month low amid a dip in shipments from South Korea and Qatar..Japan’s June base oils output stays lower
Japan’s base oils supply fell to a five-month low in July as sliding imports outweighed steady base oils production.Total output of 206,160 kilolitres (182,620t) in July rose from 203,340kl the previous month, government data showed.The volume fell by 14pc and for a fourth month from year-earlier levels.The slowdown partly reflected the impact of scheduled plant maintenance work in recent months and contrasted with an usually light round of maintenance work last year.The lower volume also coincided with signs that domestic refiners continued to focus on prioritizing output of middle distillates.Output is likely to fall further over the coming months because of additional plant maintenance work and the upcoming closure of another base oils unit in the country.Japan’s base oils imports also fell in July to a multi-month low amid a dip in shipments from South Korea and Qatar..Japan’s June base oils output stays lower
