South Korea’s base oils exports to the Americas market edged lower in September in the face of more muted Group III demand in the US and a less attractive arbitrage to Latin America.Base oil exports of 58,500t to the US were similar to the previous month, government data showed.Exports of 165,000t in the third quarter of the year rose from 143,000t during the previous three months. They were down 26pc from 222,000t during the same period last year.South Korea’s shipments to the US typically consist of Group III base oils.Base oils exports of 4,700t to Latin America in September fell from close to 6,000t in August to a three-month low.Exports of 15,800t to the region in the third quarter were down from close to 30,000t during the same period last year.The drop in shipments reflected the impact of more competitive US base oils prices this year and a smaller supply surplus for South Korean refiners to clear..S Korea’s Sept base oils exports rise.S Korea’s Sept exports to Europe rise
South Korea’s base oils exports to the Americas market edged lower in September in the face of more muted Group III demand in the US and a less attractive arbitrage to Latin America.Base oil exports of 58,500t to the US were similar to the previous month, government data showed.Exports of 165,000t in the third quarter of the year rose from 143,000t during the previous three months. They were down 26pc from 222,000t during the same period last year.South Korea’s shipments to the US typically consist of Group III base oils.Base oils exports of 4,700t to Latin America in September fell from close to 6,000t in August to a three-month low.Exports of 15,800t to the region in the third quarter were down from close to 30,000t during the same period last year.The drop in shipments reflected the impact of more competitive US base oils prices this year and a smaller supply surplus for South Korean refiners to clear..S Korea’s Sept base oils exports rise.S Korea’s Sept exports to Europe rise