South Korea’s base oils output recovered to a three-month high in August following the completion of scheduled plant maintenance work the previous month.Base oils output of 2.71mn bl (381,000t) in August rose from 2.36mn bl the previous month and from less than 1.90mn bl in June, according to Korea Petroleum Association.The June volume was the lowest in almost two years, reflecting the impact of maintenance work on a major Group III base oils unit from May to mid-July.Base oils output rose in August even as South Korea’s refined products output fell.Base oils output as a share of refined products output rose in response to more than 2.7pc of the total.The share rose from less than 2.3pc in July to the highest in fifteen months.The rise in base oils output and its share of total refined products output coincided with a fall in Asia Group II base oils prices relative to diesel to the lowest in fourteen months, ICIS data showed..S Korea’s August base oils exports rise
South Korea’s base oils output recovered to a three-month high in August following the completion of scheduled plant maintenance work the previous month.Base oils output of 2.71mn bl (381,000t) in August rose from 2.36mn bl the previous month and from less than 1.90mn bl in June, according to Korea Petroleum Association.The June volume was the lowest in almost two years, reflecting the impact of maintenance work on a major Group III base oils unit from May to mid-July.Base oils output rose in August even as South Korea’s refined products output fell.Base oils output as a share of refined products output rose in response to more than 2.7pc of the total.The share rose from less than 2.3pc in July to the highest in fifteen months.The rise in base oils output and its share of total refined products output coincided with a fall in Asia Group II base oils prices relative to diesel to the lowest in fourteen months, ICIS data showed..S Korea’s August base oils exports rise