Taiwan exported no base oils to the Americas in April for the first time in four months.The pause in exports contrasted with a wave of shipments to the region in second-half 2022 and early this year.Those shipments took advantage of a wide-open arbitrage for light and heavy-grade base oils.A less attractive arbitrage and firmer demand in the Asia-Pacific market in recent months curbed the incentive or need to move supplies to the Americas.A drop in Asia-Pacific flows to the Americas in turn provided more opportunities for US refiners to cover requirements in that region..Taiwan’s April base oils exports fall.Contact us for more information about the data for these stories
Taiwan exported no base oils to the Americas in April for the first time in four months.The pause in exports contrasted with a wave of shipments to the region in second-half 2022 and early this year.Those shipments took advantage of a wide-open arbitrage for light and heavy-grade base oils.A less attractive arbitrage and firmer demand in the Asia-Pacific market in recent months curbed the incentive or need to move supplies to the Americas.A drop in Asia-Pacific flows to the Americas in turn provided more opportunities for US refiners to cover requirements in that region..Taiwan’s April base oils exports fall.Contact us for more information about the data for these stories
