South Korea’s base oils exports to Europe fell to a seven-month low in August amid a slowdown in shipments of Group III supplies and arbitrage cargoes.Total exports of 5,400t to Europe in August fell from 9,000t the previous month and by 84pc from year-earlier levels, government data showed.The drop in shipments for a fourth month cut total exports to Europe to 115,240t in the first eight months of the year.The volume was down 26pc from 154,800t during the same period last year.Exports to Belgium and Netherlands combined fell to 4,000t in August and to 84,950t in the first eight months of the year.The volume was down from close to 110,000t during the same period last year.Belgium and the Netherlands are the key destinations for Group III base oils shipments from South Korea.Exports to other countries in Europe fell to 1,360t in August and to 30,300t in the first eight months of the year.The volume was down from more than 45,000t during the same period last year..S Korea’s August base oils exports rise
South Korea’s base oils exports to Europe fell to a seven-month low in August amid a slowdown in shipments of Group III supplies and arbitrage cargoes.Total exports of 5,400t to Europe in August fell from 9,000t the previous month and by 84pc from year-earlier levels, government data showed.The drop in shipments for a fourth month cut total exports to Europe to 115,240t in the first eight months of the year.The volume was down 26pc from 154,800t during the same period last year.Exports to Belgium and Netherlands combined fell to 4,000t in August and to 84,950t in the first eight months of the year.The volume was down from close to 110,000t during the same period last year.Belgium and the Netherlands are the key destinations for Group III base oils shipments from South Korea.Exports to other countries in Europe fell to 1,360t in August and to 30,300t in the first eight months of the year.The volume was down from more than 45,000t during the same period last year..S Korea’s August base oils exports rise
