South Korea’s base oils output fell in June to the lowest in more than two years amid scheduled plant maintenance work in the country.Base oils output of 1.87mn bl (263,000t) in June fell by 32pc from 2.74mn bl the previous month, industry data showed.The volume fell by 30pc from year-earlier levels to the lowest since April 2021.Output fell because of maintenance work throughout June on a key Group III base oils unit in the country.The plant’s Group III production capacity was less than 30pc of South Korea’s total base oils production capacity.The size of the fall in South Korea's base oils production in June suggested that other refiners had also cut output during the month..S Korea’s June base oils exports fall
South Korea’s base oils output fell in June to the lowest in more than two years amid scheduled plant maintenance work in the country.Base oils output of 1.87mn bl (263,000t) in June fell by 32pc from 2.74mn bl the previous month, industry data showed.The volume fell by 30pc from year-earlier levels to the lowest since April 2021.Output fell because of maintenance work throughout June on a key Group III base oils unit in the country.The plant’s Group III production capacity was less than 30pc of South Korea’s total base oils production capacity.The size of the fall in South Korea's base oils production in June suggested that other refiners had also cut output during the month..S Korea’s June base oils exports fall